![]() SHAZAM BOLT$, originally launched in 2013 as an extension of SHAZAM’s fraud-prevention services, alerts debit cardholders about potentially fraudulent activity on their accounts. In addition to transferring funds and finding ATMs, SHAZAM BOLT$ users can check balances and set parameters for email alerts. Users can confirm if the ATMs are surcharge-free Privileged Status terminals and get directions. ![]() SHAZAM also integrated GPS technology into the mobile app to help cardholders in the U.S. “A user can easily determine whether an intended recipient is enrolled simply by entering the recipient’s email address into the app.” While other P2P solutions use ACH to support their transactions, we’re using our SHAZAM debit rails, resulting in a much faster transaction,” said Terry Dooley, SHAZAM executive vice president and CIO. The P2P money transfer feature allows SHAZAM BOLT$ cardholders to send money to other enrolled cardholders instantaneously. According to research firm Forrester, P2P activity is expected to grow to $17 billion in volume by 2019,” the company said. “The app offers even greater value to community financial institutions looking to provide expanded digital services, particularly P2P features, to their customers. ![]() DES MOINES, Iowa-A new update to SHAZAM BOLT$, the mobile app offered by the SHAZAM Network, is designed to give debit cardholders even greater access to their cash, including a new person-to-person (P2P) money transfer service and an interactive ATM locator.
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