The SHAZAM Network announced yesterday that has teamed up with MasterCard to offer an EMV debit solution to its participants, according to a SHAZAM release. The Network expects the chip card adoption to decrease fraud and increase transaction security, and the agreement provides all Network participants with EMV licenses for MasterCard products. SHAZAM CIO Terry Dooley said that the team effort aims “to provide merchants and issuers routing choice for contact and contactless payments supporting PIN, signature or no cardholder authentication.”
MasterCard SVP of Product Delivery – EMV, Carolyn Balfany, said that the agreement is “another step to advance the U.S. migration to EMV.”
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