SHAZAM is a United States-based
interbank network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belon ...
and
EFTPOS
Electronic funds transfer at point of sale (EFTPOS; ) is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located at points of sale. EFTPOS t ...
network headquartered in
Johnston, Iowa
Johnston is a city in Polk County, Iowa, United States. The population was 24,064 in the 2020 census, an increase of 178% from the 8,649 population in 2000. It is part of the Des Moines– West Des Moines Metropolitan Statistical Area.
Johnst ...
that operates primarily in the
Midwestern United States
The Midwestern United States, also referred to as the Midwest or the American Midwest, is one of four census regions of the United States Census Bureau (also known as "Region 2"). It occupies the northern central part of the United States. I ...
. The network was founded in 1976 and is a member-owned financial services and payments processing company.
SHAZAM is a single-source provider of
debit card
A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term '' plastic card'' includes the above and as an identity document. These are similar to a credit card, but u ...
s,
automated teller machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fun ...
s (ATMs), merchant, marketing, training, risk, fraud prevention and
ACH Network
In the United States, the ACH Network is the national automated clearing house (ACH) for electronic funds transfers established in the 1960s and 1970s. It processes financial transactions for consumers, businesses, and federal, state, and loca ...
services.
They are partnered with
Presto!, a similar network covering the southeastern part of the US.
See also
*
ATM usage fees
ATM usage fees are the fees that many banks and interbank networks charge for the use of their automated teller machines (ATMs). In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users.
...
References
Interbank networks
Financial services companies of the United States
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