CardWeb.com’s CardData database of Company Profiles today features Acculynk.
Acculynk secures online transactions with a suite of software-only services backed by a patented authentication and encryption framework that provides greater security for issuers, EFT networks, merchants and payment processors. Acculynk’s PaySecure® utilizes a graphical PIN-pad for the secure entry of a consumer’s PIN online and is available to merchants through existing acquirer relationships, enabling speedy implementation. PaySecure is currently enabled on over 3,000 merchant websites. Acculynk has partnerships with 10 EFT networks to process PaySecure transactions and with six leading payment processors, and is certified with PULSE, First Data and Master Card, among other key industry leaders. Acculynk also provides PayLeap gateway and acquiring and card processing services.
Acculynk is dedicated to meeting the needs of merchants, consumers and payment processing constituents with innovative new services that will create value for our stakeholders.
Our management team brings extensive experience in the financial, network, card, security and payment processing industries. From this experience, we uniquely understand the market needs not met by our competitors. Our goal is to develop cutting-edge technologies that will secure online payments worldwide while never deviating from our core value propositions: security, reliability, convenience and return on investment.
Ashish Bahl ” Chairman and CEO
As Chairman and CEO of Acculynk, Ashish Bahl sets the company’s strategic direction and is responsible for P&L. Prior to joining Acculynk, Mr. Bahl founded Harbor Payments, Inc. in 2000 and served as the CEO until the company was purchased by American Express in December 2006, when he became the Senior Vice President of the EReceivables Business unit. Harbor Payments was the recognized global leader in the emerging electronic invoicing industry, and rated as one of the fastest growing technology firms by Deloitte in 2005.
Prior to founding Harbor Payments, Mr. Bahl was formerly at iXL where he was a Senior Vice President of iXL Ventures and the founder of iXL’s Financial Services Practice Group (FSPG). The FSPG provided strategic and technology services to major financial institutions seeking to leverage the Internet for business advantage. Mr. Bahl grew the practice to the largest industry component within iXL, accounting for approximately 33% of the company’s revenue during 1998, the year of its IPO.
Prior to iXL, Mr. Bahl founded and served as the CEO of Exchange Place Solutions (EXPS), a firm focused on providing strategy and technology solutions to financial services institutions. EXPS’ primary competence was within the area of electronic payments, including ACH, Wire, I-ACH, and SWIFT. Exchange Place Solutions was acquired by iXL in 1997.
Mr. Bahl holds a B.S. in Mathematics and Electrical Engineering from Vanderbilt University and an MBA from Carnegie Mellon University. His civic responsibilities include Board positions in Leadership Atlanta, TIE, and the Technology Association of Georgia (TAG).
Nandan Sheth ” President and COO
Nandan Sheth serves as President and COO of Acculynk. Mr. Sheth’s responsibilities cover corporate development, business development, alliances, product strategy and operations. Before joining Acculynk, Mr. Sheth co-founded Harbor Payments where he served as the Chief Operating Officer. Harbor Payments was sold to American Express in December 2006 where Mr. Sheth served as a Vice President & General Manager within the Global Commercial Card group.
Prior to Harbor Payments, Mr. Sheth started a payment technology company which served the credit and receivables industry. Mr. Sheth has also worked at major banks, professional service firms and Fortune 1000 corporations across North America and Europe. Mr. Sheth has held senior positions at Goldman Sachs, Deloitte & Touche, AT&T, IBM and has worked with clients such as JP Morgan Chase, Bank of America, Citigroup, HSBC, LloydsTSB and National Westminster Bank.
Mr. Sheth holds a Bachelor of Science Degree with Honors in Computing Science from City University (London, UK) as well as an MBA from Cass Business School (London, UK).
Judi Vitale – Chief Financial Officer
Judi Vitale has over 25 years of experience in financial and operational leadership, working with companies ranging from $1m to $400m, both private and public. Judi has moderated technology and leadership panels and has served as a judge in business launch competitions in Metro Atlanta. Judi founded Vitale CFO to provide CFO services to small and mid-sized businesses. She has been the CFO of numerous early and growth stage businesses, working heavily in technology, manufacturing, services, and healthcare. Judi has provided leadership and financial expertise in internal controls, forecasting, mergers and acquisitions, financial reporting, risk management, and strategic initiatives. Previously, Judi’s experience includes CFO and CAO roles with two high technology software companies, both public companies, and a partner role with a consulting firm.
Judi serves as Chair on the Board of Directors of Women in Technology, the premiere Atlanta society advancing the careers of women in technology, and on the Board of Directors of the WIT Foundation, the philanthropic arm of Women in Technology, dedicated to bringing along the next generation of Women in Technology. Judi sits on the Board of Directors of TechBridge, and is a member of the Advisory Board of Startup Chicks. She is a member of the Technology Executive Roundtable, Atlanta CEO Council, and Georgia CXO Forum, and was Turknett’s Character Leadership Award nominee. Judi graduated summa cum laude from Shorter College with a B.S. in Management.
Sandra Chesnutt ” GM Payzur P2P Platform | Senior Vice President Marketing
Sandra Chesnutt, GM of Payzur, leads the strategy, team development, growth, and profitability of the Payzur P2P platform. As Senior Vice President of Marketing for Acculynk. Ms. Chesnutt is also responsible for leading the lead generation communications, media, public relations, and marketing activities for the company. She brings more than 20 years of experience in financial technology marketing, product management and professional services to her role with Acculynk.
Prior to joining Acculynk, Ms. Chesnutt served as Vice President of Marketing at Ftrans, a financial technology company, and was instrumental in developing the company’s launch of its direct business, AdvancedAR. Prior to Ftrans, she led product marketing for Dun & Bradstreet Software’s launch of the company’s first client/server financial suite of products. Ms. Chesnutt began her career as a Certified Public Accountant with Price Waterhouse. She holds a BS in Accounting from the University of Alabama.