Debit

Shazam EFT Network To Support New Internet PIN-Debit Product

A new payment-authentication company has developed technology that uses any phone to help verify Internet PIN-debit transactions conducted at participating merchant websites. Adaptive Payments has introduced what it calls a five-factor authentication process that uses cardholder information and transaction data combined with the PIN consumers are accustomed to using at the point of sale or ATM. The technology also validates a consumer’s Internet protocol address and phone used in the transaction. …

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