PaySecure will provide consumers with 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.
The service was introduced in March 2009 in a pilot program that included ACCEL/Exchange and a number of small merchants. Belly, 2Checkout.com, Ace Hardware Outlet, AirTran, J.J. Buckley and ShoppersChoice are some of the online merchants which have already added PaySecure to their payment methods list.
PaySecure is enabled on more than 1,000 merchant websites and Acculynk is involved in partnerships with 9 EFT networks to process PaySecure transactions.
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