News

Shazam, Visa enter network agreement

April 16, 2014

The Shazam Network and Visa Inc. have signed an agreement that will allow issuers to use the Visa common debit application identifier for Visa- and Shazam-branded cards and transactions.

The Visa common domestic AID and Visa Smart Debit Credit EMV chip application support U.S. debit regulations, which require that merchants have the ability to route debit transactions over multiple, unaffiliated networks.

The common AID will enable POS debit transactions and domestic ATM transactions on chip cards that bear the Visa and Shazam brands.

Shazam CIO Terry Dooley offered a statement on the agreement:

This agreement reflects nearly two years of industry engagement. Shazam is proud to have acted as a driving voice in the original SRPc chip-and-PIN working group and the Debit Network Alliance. The network has been active in the EMV Migration Forum, ATMIA, NAC and other industry forums.

A collaboration that allowed for merchant and issuer routing choice for contact and contactless payments supporting PIN, no CVM, and signature was our goal, and we believe this agreement provides the terms to accomplish that goal.