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 the 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.
Recently, Acculynk has inked an agreement 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.
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