Online PIN-debit technology provider Acculynk has established a partnership with US-based payment processing services provider NetWorks. Under the terms of the contract, Acculynk will provide the latter’s 300 member banks and credit unions with its PaySecure service.
Consumers using PaySecure have the option to use PIN debit on the internet with a software-only service that requires no enrolment or redirection. PaySecure is an optional cardholder verification method for PIN-based e-commerce transactions. When the consumer’s debit card is issued by a financial institution that has enrolled its cards in the PaySecure service, PaySecure will appear as a payment option at an enrolled online merchant’s checkout screen.
PaySecure is offered on more than 1,000 merchant websites and Acculynk is involved in partnerships with 9 EFT networks to process PaySecure transactions.