The Shazam Network has signed an agreement to make the MasterCard EMV debit solution available to all of its participants.
Shazam Network expects the chip card adoption to decrease fraud and increase transaction security. The agreement provides all members of the Shazam Network with an EMV license for MasterCard products.
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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."
Carolyn Balfany, SVP of product delivery — EMV at MasterCard, said: "Through this agreement the Shazam Network and MasterCard have taken another step to advance the US migration to EMV. By streamlining the complexity of EMV implementation, we can advance greater debit card security."
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