|[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."
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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