SHAZAM offers person-to-person cash transfers
SHAZAM BOLT$, the mobile app offered by the SHAZAM Network, now offers debit-card holders a person-to-person money transfer service and a GPS-based ATM locator, according to a release. The features can be used by community financial institutions to expand their digital services. Person-to-person money transfers are expected to reach $17 billion in the next four years. SHAZAM BOLT$, an extension of SHAZAM’s fraud-prevention services, alerts debit cardholders about potentially fraudulent activity on their accounts.