Adaptive Takes Its Internet PIN-Debit Method Mobile

PaymentsSource | Wednesday, August 31, 2011By Will Hernandez

Adaptive Payments is entering an already crowded mobile-payment acceptance market with a device that enables merchants to accept PIN-debit transactions on smartphones using a method similar to the company’s e-commerce operation.  The Shazam electronic funds transfer network will make the magnetic stripe reader available in the next two months to its nearly 1,500 community financial institutions as well as its merchant customers.  Shazam made a strategic investment in Adaptive earlier this year (see story).

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