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Shazam, Adaptive Payments launch Adaptive Payments Pentagon mobile POS payment app

Thursday 26 January 2012 14:28 CET | News

US electronic funds transfer (EFT) network operator Shazam and payment authentication company Adaptive Payments have launched the Adaptive Payments Pentagon mobile point-of-sale (POS) payments application. The latterallows merchants to accept PIN debit, signature debit and credit transactions using iPhone and Android mobile phones and tablet devices.

The technology behind the Pentagon mobile payments application uses Adaptive Payments 5DSecure five factor-dual channel authentication technology to authenticate PIN debit transactions. The PIN is captured in a second channel and is not stored virtually with the cardholders card data or personal information.

In addition to accepting PIN debit, Pentagon uses 3DES to encrypt the magnetic stripe right at the read head. The transaction produces a Regulation E-compliant receipt that is delivered to consumers via SMS. Pentagon also captures and stores an image of the signed receipt.


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Keywords: Shazam, Adaptive Payments, mobile POS payment app, Pentagon
Categories: Payments & Commerce
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Countries: World
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