Payzur allows financial institution customers to send funds by authenticating the mobile or web-initiated transaction with their bank issued PIN via the PaySecure patented online graphical PIN pad. Since Payzur is not ACH based, there is no enrollment or waiting period for consumers to begin using the service.
With Payzur, consumers can use their smartphone or other web-access device such as a tablet PC, along with their PIN, to send payments. These transactions will settle with participating PULSE financial institutions through their existing network connectivity and settlement processes in place with PULSE.
In recent news, Acculynk has joined the EMV Migration Forum, an independent cross-industry body created by the Smart Card Alliance to promote the migration to EMV-enabled cards, devices and terminals in the US.
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