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News

• Running a Business 101, Garima Shah, Direct Expanding global footprints, capabilities
Connect LLC
• Plan, Track and Adjust to Maximize a Portfolio's Atlanta-based Acculynk, a former Elavon Inc. subsidiary
established in 1999 as ATM Direct, provides ecommerce
Value, James Huber, Global Legal Law Firm and mobile commerce solutions to large and small business
• From Payments to POS: Things to Know as You owners through its international payment gateway. The
Go, Kelly Funk, RSPA technology provider works with merchants, financial
• Residual Reporting: The Good, The Bad and The institutions, payment networks, payment card issuers and
governments worldwide. Its suite of software solutions
Ugly, Mark Dunn, Residual Sheriff includes PIN debit for ecommerce and m-commerce,
• Value Beyond Processing: New Revenue Streams person-to-person (P2P), direct-to-debit, online bill pay,
from Non-Transaction Related Products; panel led and electronic bill presentment transactions.
by Sonny Wooten, National Benefit Programs
• PCI Clarity, Your Path to Great Customer Analysts noted that the companies' complementary
Engagement & Organic Growth, Giles Witherspoon- technologies and strategic focus will benefit both
Boyd, Protocol PCI enterprises: both Acculynk and First Data serve financial
• American Express: A Trusted Brand and Valuable institutions and the public and private sectors; their
innovations have reshaped mobile payments, ecommerce,
Partner, Allison Keane, American Express Co. verification and authentication, online banking, check
• Recent Changes in Working Capital Landscape guarantee and POS services worldwide.
and How ISOs Can Take Advantage, Andrew
Altschuler, Strategic Funding Source Inc. Multifactor authentication
Enterprise-scale, as well as small to midsize merchants
This event was another hit in a long string of dynamic can use Acculynk's True Debit gateway and EFT networks
SEAA conferences. Congratulations to all who had a hand combined with PaySecure authentication technology
in organizing it. to mitigate online and mobile web fraud rates, expedite
settlement and enhance the overall shopping experience,
Acculynk to boost First Acculynk representatives stated. Acculynk launched
PaySecure in 2009, an Internet PIN debit solution based on
Data's ecommerce portfolio its patented encryption and authentication technologies.
Two years later, the company introduced PaySecure
Mobile, which added PIN debit capability to iOS, Android
and Windows mobile platforms.
ith an eye for strengthening its suite of ecom- Acculynk mentioned additional features and benefits of
merce solutions, First Data Corp. disclosed its patented technologies, as follows:
on March 16, 2017, that it intends to acquire
W Acculynk Inc. Integrating Acculynk's mul- • Dynamic routing options: Business owners can le-
tifactor security and dynamic routing options into First verage Durbin Amendment-regulated routing rights
Data's global payment platform will enable merchants to to lower applicable interchange and network fees.
securely direct debit card transactions to least-cost debit
networks, the companies stated. • Alternative payment schemes: The Acculynk net-
work supports cross-border commerce and numer-
Frank Bisignano, Chairman and Chief Executive Officer ous payment schemes, including Alipay, RuPay and
at First Data, said that Acculynk's innovative technologies China UnionPay.
will enhance First Data's ecommerce offerings and capa-
bilities for its global customer base, enabling merchants to • Patented PIN technology: PaySecure Internet PIN
make in-store and online transactions "simple, seamless debit provides consumers with a familiar authenti-
and secure for their customers." cation process and a higher level of security.
• Faster payments: Routing transactions on debit
Ashish Bahl, Chairman and CEO of Acculynk, antici- card networks expedites settlement; customers can
pates the strategic partnership will help business owners
around the world streamline ecommerce and lower trans- receive funds in seconds instead of days.
action costs. "First Data's unrivaled global scale and dis- • Mitigate fraud: Acculynk's patented PIN authenti-
tribution will greatly expand the footprint of PaySecure, cation technology is designed to shift liability for
providing benefit to merchants looking to simplify debit fraud away from merchants.
card ecommerce transactions for consumers around the
world," he said. Both companies expressed a commitment • Multilevel authentication: Acculynk's patented au-
to help clients worldwide implement advanced technolo- thentication framework further protects cardholder
gies to grow their businesses. data from malicious attacks.

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