SHAZAM, a member-owned and -controlled EFT network and processor, has chosen Adaptive Payments’ Pentagon mobile POS payments application. With the Pentagon platform, merchants can accept PIN debit, signature debit and credit transactions from iPhone and Android phones and tablets.
Pentagon uses Adaptive Payments’ 5DSecure five factor-dual channel authentication technology for PIN debit transactional authentication by using the customer’s smart device for PIN capture combined with outside-of-band authentication technology. PIN information is kept separate from the cardholder’s card data and personal information through a second channel.
Pentagon’s security features include 3DES for mag stripe encryption at the read head. Transactions produce a Regulation E-compliant receipt that’s sent to users via SMS message, and the app captures and stores signed receipt images.
Nearly 1,500 SHAZAM members and their merchant customer base will have Pentagon capabilities.