|[January 30, 2014]
Acculynk Launches Direct-to-Debit Business Payout Solution
ATLANTA --(Business Wire)--
Payzur, Acculynk's real time P2P platform, is now offering businesses
the ability to transfer payments directly to an individual's or small
business' debit card instantly.
Acculynk's Payzur direct-to-debit payment platform aids businesses, such
as online marketplaces, that regularly make payments to individuals or
small businesses by offering a frictionless "payout" process that
doesn't require account verification, enrollment with a third party or
parking the funds in a third-party account. The funds are transferred
and available in near real time. Both debit and prepaid cards can be
used with the service which speeds payments to individuals or small
businesses, eliminating the typical two to three day delay.
Acculynk offers a full set of APIs to allow businesses to easily
integrate the debit rails processing into their payout processes.
Acculynk is also developing a modularized version of Payzur where the
business is presented with a menu of options, such as a secure hosted
pay page and an email communication engine, and selects the components
that meet their needs.
With Payzur Direct-to-Debit, payouts such as insurance claims, merchant
sales and consumer refunds can be executed as services are delivered or
payment is triggered with the money transfered to the debit card within
moments, creating a differentiated user experience.
"Businesses are realizing that their constituents are looking for speed
and simplicity and that offering both creates better business
relationships and a tangible competitive advantage. What could be
simpler than getting paid by providing your debit card number and faster
than real time?" said Sandra Chesnutt, GM Payzur, Acculynk. "There is
clearly a revolution going on; people are choosing to interact with
businesses based on how well that business understands and exceeds their
expectations, and payments are becoming a way for companies to
Acculynk has a track record of delivering payment innovation that
creates value for merchants, issuers and consumers globally. The
Acculynk gateway, combined with Acculynk's PaySecure online PIN pad,
enables e-commerce using PIN debit, including internationally in
emerging, debit-centric markets like India, where 250 million debit
cards have been issued, and China's Union Pay card, with more than 3
billion issued debit cards. Acculynk's PaySecure online PIN pad is
certified with twelve EFT networks in the US and internationally
establishing the infrastructure foundation for Payzur Direct-to-Debit.
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 6,000 merchant
websites. Acculynk has partnerships with 11 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. Additionally, Acculynk solutions include PayLeap, a
gateway and acquiring and card processing services, and Payzur, the only
debit-based real time and 100% white labeled P2P solution. Visit http://www.acculynk.com.
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