SHAZAM (interbank network)
Encyclopedia
The SHAZAM network was founded in 1976 and is one of the last remaining member-owned and -controlled Electronic Funds Transfer (EFT) networks and processors in the industry. SHAZAM provides EFT services to more than 1,500 community financial institutions in America. SHAZAM offers ATM processing, Visa debit and Debit MasterCard national debit products, card authorization services, merchant processing, automated clearing house (ACH) services, and information security services. SHAZAM is endorsed by 15 community financial institution trade organizations and bankers’ banks.