News

Shazam adopts MasterCard common debit solution for EMV transactions

July 22, 2014

The Shazam Network has announced that it will make the MasterCard EMV debit solution available to all of its participants. The agreement provides all members of the Shazam Network with an EMV license for MasterCard products.

“The objective of our collaboration with MasterCard was to provide merchants and issuers routing choice for contact and contactless payments supporting PIN, signature or no cardholder authentication,” said Shazam CIO Terry Dooley. “We’re confident this objective has been accomplished through the agreement we’ve reached with MasterCard.”

“Through this agreement, the Shazam Network and MasterCard have taken another step to advance the U.S. migration to EMV,” said Carolyn Balfany, SVP of product delivery for EMV at MasterCard “By streamlining the complexity of EMV implementation, we can advance greater debit card security.”