As a result of the initiative, Shazam will conduct a pilot program where participating financial institutions will test Acculynks internet PIN debit technology. When paying with PaySecure at a merchant checkout, customers must enter their card number, expiration date and card verification number. After they submit the card information, PaySecures internet PIN debit service is able to detect whether a customers card can be used with a PIN. If this is possible, a graphical, scrambling PIN-pad appears on the computer screen and asks whether the customer would like to process the transaction as PIN debit. If yes, the customer must click continue and enter the PIN onto the PIN-pad using the mouse or touchpad. When finished, the client clicks continue and the transaction is processed. The PIN pad numbers appear on the purchaser’s computer monitor randomly and the numbers will re-arrange each time the cardholder clicks on a digit of the PIN.
Shazam offers EFT services to over 1,500 community financial institutions across 30 states, as well as ATM processing, Visa debit and Debit MasterCard national debit products, card authorisation services, merchant processing, automated clearing house (ACH) services, and information security services.
US airline AirTran Airways has joined the online PIN debit program most recently.
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