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TMCNet:  City of Atlanta Grants Acculynk Special Procurement Designation for Patented Payment Solution

[April 01, 2014]

City of Atlanta Grants Acculynk Special Procurement Designation for Patented Payment Solution

ATLANTA --(Business Wire)--

Acculynk, a leading technology driven payment processor, announces today the City of Atlanta, Department of Watershed Management's award of a Special Procurement Designation to Acculynk. Following the Special Procurement Designation, Acculynk will offer Department of Watershed Management customers its unique PIN debit solution for processing secure online debit payments. The Company expects to deliver its proprietary solution to customers within the next few weeks.

The offering is expected to open up a new payment channel to Department of Watershed Management customers, especially for those customers who utilize debit cards as a primary means for transacting. Acculynk's PaySecure® patented online PIN pad solution permits PIN enabled debit card users to enter their PIN for e- and m-commerce, ensuring a second layer of authentication and a more secure transaction.

The solution will be available for both mobile and e-commerce transactions. Based on Acculynk's research, while many under banked consumers may lack access to a computer, a significant majority possess a smart phone facilitatig mobile transactions.

"Acculynk is honored to be awarded this very prestigious distinction with the City of Atlanta," said Mike Ditano, Senior Vice President of Acculynk. "We believe that this partnership will be meaningful and beneficial to all stake-holders, especially the more than 100,000 City of Atlanta customers, many of whom are under-banked or prefer to use their PIN debit cards. Acculynk's unique solution is ideally suited to assist customers with a more efficient payment method and bypass cumbersome manual checks and cash payments. Acculynk's mobile PIN debit solution has a demonstrated e-commerce lift across a variety of e-commerce merchants and can help the City of Atlanta increase electronic adoption and better serve their customers at the same time. We will continue to work with City to deliver a compelling solution combined with world-class customer service within the next few weeks."

About 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 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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