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Acculynk enters strategic alliance with UnionPay International

Thursday 28 March 2013 10:07 CET | News

US-based online transaction security services provider Acculynk has inked a contract with Chinese card issuer UnionPay International (UPI) to provide the latter’s e-commerce authentication (UPOP) service to the US-based merchants.

US merchants who implement the UPOP service through PaySecure, Acculynk’s global authentication gateway solution, will gain access to new customers beyond the US borders. In addition to international customers, PaySecure currently enables 150 million US debit card holders to use PIN debit for online and mobile purchases.

Launched in 2009, PaySecure is a two-factor authentication method for online debit transactions. The PaySecure approach was selected by National Payments Corporation of India (NPCI).

UnionPay cardholders represent a significant source of revenue potential for US merchants. Chinese tourism is prevalent, creating demand for UnionPay acceptance by airlines, cruise lines and entertainment providers.

Acculynk provides a suite of software-only services backed by an authentication and encryption framework that provides security for issuers, EFT networks, merchants and payment processors.
 


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Keywords: Acculynk, UnionPay International, online payments, user-authentication, two-factor authentication, US
Categories: Fraud & Financial Crime
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Countries: World
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Fraud & Financial Crime






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