SHAZAM
Provides debit network and payment processing for community banks.
Company facts
- Founded
- 1976
- Employees
- 566
- Headquarters
- United States
- CEO
- Paul Waltz
- Type
- Cooperative / Mutual
- Subsidiaries
- SHAZAM Network
About
SHAZAM is a member-owned financial services technology provider delivering industry-leading payments infrastructure, core banking software and tailored solutions to strengthen payments capabilities for community banks and credit unions across the United States. Founded in 1976, SHAZAM evolved from the nation's first shared electronic funds transfer network into one of the largest independent debit networks in the country, operating with a nonprofit, member-owned model that prioritizes the success of financial institutions over shareholder returns. Headquartered in Johnston, Iowa, SHAZAM supports clients across 49 states and Washington, D.C., with approximately 650 employees dedicated to empowering community financial institutions. The company offers a comprehensive suite of products including the Peregrine payment processing solutions, SHAZAM payments network, DigiHive digital banking, KinetiCore core banking, DocuCommand information management, and SHAZAMSecure compliance and fraud prevention services. SHAZAM's technology integrates with major card networks like Visa and Mastercard while providing flexible routing options that help financial institutions optimize interchange revenue and maintain regulatory compliance.