Acculynk
CardWeb.com’s CardData database of Company Profiles today features Acculynk.
Ashish Bahl
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Ashish Bahl, Chairman and CEO of Acculynk.
Acculynk Seeks PIN-Based Patent
Acculynk announced that the European Patent Office granted Acculynk patent protection for the company’s propriety process for PIN based authentication over the Internet. The patent protects the mechanisms and processes behind Acculynk’s innovative PaySecure® product, a software-only service that allows consumers to pay for online purchases with their debit card and bank-issued PIN. Acculynk is the only global payment gateway that brings e-Commerce merchants PIN authenticated payments for debit or credit cards across some of the largest markets in the world. Currently the PaySecure solution is supported in 3 of the 5 largest PIN debit markets: USA, India and China. Globally Acculynk supports over two billion bank issued cards in its network.
Acculynk Gateway Allows Chinese Union Pay PIN Acceptance
Acculynk is now offering U.S. merchants the capability to accept China’s Union Pay PIN debit cards on their Chinese websites using the PaySecure International graphical PIN pad for UPOP authentication. U.S. e-commerce merchants interested in tapping into the large number of consumers in China must be able to accept Chinese payment methods, as well as authenticate a Chinese cardholder in order to make the sale. PaySecure International provides U.S. merchants the ability to accept and authenticate Union Pay cards with the same PaySecure PIN pad used for internet PIN debit transactions with U.S. cardholders. Airbnb, the world’s leading marketplace for booking, discovering, and listing unique spaces around the world, will be the first U.S.-based merchant to leverage PaySecure International to access the more than 3 billion UnionPay PIN debit cardholders. Chinese customers can now use their UnionPay debit cards to secure accommodations at one of Airbnb’s 300,000 listings worldwide.
Acculynk Reports PaySecure Gateway Support
Acculynk announces support of its PaySecure International authentication solution by major gateways outside the US, including industry leader CCAvenue and other prominent gateways in the Indian e-commerce market. As India’s biggest payment gateway, CCAvenue is among the first payment gateways to process RuPay debit cards. Customers will now be able to use RuPay Debit Cards to make purchases securely and conveniently on thousands of merchants’ websites powered by CCAvenue.
comForte & DataOne Thailand Announce PCI Workshop Success
comForte Asia and DataOne Asia (Thailand) ran a successful PCI workshop for HP NonStop users in Thailand. A guest speaker from Verizon Enterprise Solutions talked about PCI from an auditors and forensic analyst’s perspective. Representatives from all HP NonStop users in the Financial Industry in Thailand were present and learned about PCI DSS in Asia, PCI best practices for HP NonStop systems and how to embrace the PCI challenge by implementing a suitable project, procedures and software solutions.
UnionPay Targets Online Merchant Acceptance with Acculynk
Acculynk “PaySecure” user-authentication for e-commerce partnered UnionPay International to provide e-commerce authentication (UPOP) service to US based merchants. UnionPay International is a subsidiary focusing on international business of UnionPay, a global bankcard network with over 3.5 billion UnionPay cards issued worldwide. A single PaySecure implementation on the merchant’s e-commerce site also provides the capability to generate sales lift from new PIN-debit customers in North America, Asia-Pacific, Latin America and the Caribbean. Acculynk provides a flexible, customizable online- and mobile- authentication technology that meets local needs and regulatory requirements in international markets. Country-specific authentication changes can be incorporated without disrupting the merchant or acquirer. The “PaySecure” solution two-factor authentication provides online merchants with a secure, low-cost, guaranteed funds payment in which the merchant also benefits from a 100% shift of fraud chargeback liability.
Acculynk Payment Gateway Partners Spindle
PayLeap, Acculynk’s payment gateway and payments processing solution, signed a strategic agreement with Spindle mobile payments solutions. With this, they will integrate their respective platforms to better serve the global mobile commerce market. The PayLeap payment platform provides multi-functional gateway, acquiring and card processing services for e-commerce, face-to-face, recurring, and online bill payments. Catering to merchants, resellers, and developers, PayLeap provides a secure, single-source solution which includes fraud management, tokenized cardholder data vault, secure checkout with LeapLock, plus developer friendly tools and mobile payment capabilities.
Acculynk Appoints New Member to Board of Directors
Acculynk payments provider and “PaySecure” software-only service for Internet PIN debit payments appointed Mark Herrington to its Board of Directors. Currently Executive Vice President, Global Product Management & Innovation for First Data Corporation, Herrington brings to the board a wealth of experience. He joined First Data in 2007 as First Data was in the process of acquiring Money Network, which he co-founded in 2001. Mr. Herrington’s financial services experience includes prepaid, TeleCheck, e-commerce, mobile payments and merchant loyalty.
Acculynk Acquires PayLeap, Forges New Division
Acculynk has acquired PayLeap e-commerce payment gateway platform and merchant services ISO to form Acculynk “Direct.” Providing an acquirer with the ability to offer Internet PIN debit to small and mid-market merchants, Acculynk Direct will provide full service payment processing and payment gateway solutions to small and mid-size merchants, and a full affiliate program to partners and resellers. Additionally, Acculynk Direct plans to provide a full suite of developer-oriented tools to provide simple integration of the service into mobile merchant applications and e-commerce sites. PayLeap brings to the table fraud management tools, tokenized cardholder data vault, hosted payments page, online secure checkout, recurring payments, and a co-branded virtual terminal.
Acculynk and National Payments Forge Internet PIN Debit Partnership
Acculynk “PaySecure” PIN authentication for online debit transactions and National Payments Corporation India (NPCI) partnered. With this, Acculynk will be the premiere provider of authentication for all online RuPay debit card transactions, bringing RuPay debit card consumers in India the ability to use their PIN-only debit cards for e-commerce. The RuPay card is a PIN-only based debit card used at ATMs and POS and can now be used to make online purchases. NPCI, promoted by 10 Banks under the aegis of Indian Banks’ Association (IBA), introduced RuPay enabled ATM cards in June, 2011. RuPay debit card was launched on 26th March 2012 with 4 Banks.
Acculynk Inks Digital River World Payments a Client
Acculynk announced it has signed a new agreement with Digital River World Payments. Online merchants using the Digital River World Payments or Global Commerce enterprise solutions now will have access to Acculynk’s “PaySecure” payment method for Internet PIN debit. Acculynk’s PaySecure is the first software-only service in the U.S. that provides consumers the option to pay for online purchases with a PIN debit card. Today, there are more than 82 million PIN-only debit card holders in the U.S., Puerto Rico and the Caribbean. With “PaySecure”, online shoppers enter their PIN on a virtual PIN-pad pop-up during the checkout process on the merchant’s commerce site. PaySecure is designed to provide an extra layer of security for debit card transactions, helping reduce fraud and charge-backs for merchants, while offering opportunities for incremental volume.