The SHAZAM network, a provider of EFT services to community financial institutions in 30 states, announced the launch of the Adaptive Payment’s Pentagon mobile point-of-sale (POS) payments application.

The Pentagon mobile payments platform allows merchants to accept PIN debit, signature debit and credit transactions using iPhone and Android (News - Alert) mobile phone and tablet devices.

In a major expansion program, SHAZAM will launch Pentagon to its nearly 1,500 community financial institutions and their merchant customer base.

“Payments are rapidly evolving from traditional card-present and card-not-present situations to more mobile and online environments," said Mike Hollinger, SHAZAM president and CEO, in a statement. "Consumers expect to be able to shop any time and at any place.”

“There is also an expectation to be able to shop safely and securely without fear of fraud or identity theft. Not only does Pentagon make payments more accessible to more consumers and merchants, but it does so without compromising on end-to-end security, providing peace of mind to all stakeholders."

Pentagon mobile payments application utilizes Adaptive Payments' 5DSecure five factor, dual channel authentication technology to authenticate PIN debit transactions securely.

In line with the major launch, Adaptive Payments, a payment authentication company, announced a discount of one percent for PIN debit transactions for all merchants that use Pentagon. Besides this, Adaptive Payments is delivering a significantly lower cost for PIN debit.

“The mobile payments space is becoming crowded with many look-alike payers but Adaptive Payments stands alone,” said Shashi Kapur, Adaptive Payments CEO. “Our confidence in the security of our authentication technology, combined with our ultra modern and lower cost processing environment enables us to price PIN debit using Pentagon very aggressively.”

Recently, Shazam (News - Alert) announced a major change to Shazam’s free App for iPhone (News - Alert), iPod touch and iPad devices. As per the unlimited free tagging, Shazamers will have more opportunities to discover and engage with their favorite music, television shows and brands.

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