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Table of Contents

Lead Story

The payments journey: From point of sale to points of commerce - Part 1

Dale S. Laszig

News

Industry Update

CFPB offers more time for prepaid compliance

SEAA 2017 energizes base

Acculynk to boost First Data's ecommerce portfolio

Visa, Viewpost target SMB payments

Features

Acquirer earnings roundup: March 2017

Mobile wallet apps boost store visits

Steve Sotis

Views

Interchange challenges create need for payments experts

Patti Murphy
ProScribes Inc.

Fraud and plaque prevention: Both powered by AI

Don Bush
Kount

Lead with logic and honor

Steven Feldshuh
Merchants' Choice Payment Solutions East

Education

Street SmartsSM:
Let's listen, learn and share

Aaron Nasseh
Finical Inc.

Honesty sells

Jeff Fortney
Clearent LLC

Company Profile

Fuzse

New Products

Pocket-size computers for fixed and mobile settings

Zebra Technologies TC51, TC56
BlueStar Inc.

Secure portal for real-time security audits, compliance

A-SCEND
A-LIGN

Inspiration

Demystify, clarify, compare

Departments

Letter from the editors

Readers Speak

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

April 10, 2017  •  Issue 17:04:01

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Acculynk to boost First Data's ecommerce portfolio

With an eye for strengthening its suite of ecommerce solutions, First Data Corp. disclosed on March 16, 2017, that it intends to acquire Acculynk Inc. Integrating Acculynk's multifactor security and dynamic routing options into First Data's global payment platform will enable merchants to securely direct debit card transactions to least-cost debit networks, the companies stated. Frank Bisignano, Chairman and Chief Executive Officer at First Data, said that Acculynk's innovative technologies will enhance First Data's ecommerce offerings and capabilities for its global customer base, enabling merchants to make in-store and online transactions "simple, seamless and secure for their customers."

Ashish Bahl, Chairman and CEO of Acculynk, anticipates the strategic partnership will help business owners around the world streamline ecommerce and lower transaction costs. "First Data's unrivaled global scale and distribution will greatly expand the footprint of PaySecure, providing benefit to merchants looking to simplify debit card ecommerce transactions for consumers around the world," he said. Both companies expressed a commitment to help clients worldwide implement advanced technologies to grow their businesses.

Expanding global footprints, capabilities

Atlanta-based Acculynk, a former Elavon Inc. subsidiary established in 1999 as ATM Direct, provides ecommerce and mobile commerce solutions to large and small business owners through its international payment gateway. The technology provider works with merchants, financial institutions, payment networks, payment card issuers and governments worldwide. Its suite of software solutions includes PIN debit for ecommerce and m-commerce, person-to-person (P2P), direct-to-debit, online bill pay, and electronic bill presentment transactions.

Analysts noted that the companies' complementary technologies and strategic focus will benefit both enterprises: both Acculynk and First Data serve financial institutions and the public and private sectors; their innovations have reshaped mobile payments, ecommerce, verification and authentication, online banking, check guarantee and POS services worldwide.

Multifactor authentication

Enterprise-scale, as well as small to midsize merchants can use Acculynk's True Debit gateway and EFT networks combined with PaySecure authentication technology to mitigate online and mobile web fraud rates, expedite settlement and enhance the overall shopping experience, Acculynk representatives stated. Acculynk launched PaySecure in 2009, an Internet PIN debit solution based on its patented encryption and authentication technologies. Two years later, the company introduced PaySecure Mobile, which added PIN debit capability to iOS, Android and Windows mobile platforms.

Acculynk mentioned additional features and benefits of its patented technologies, as follows:

Expanded intellectual properties

First Data and Acculynk representatives said development teams will collaborate on a range of product offerings and routing solutions, leveraging their combined expertise in network engineering and software development. The deal is expected to close, pending further review. Upon approval, First Data's purchase of Acculynk will bring the company a wealth of intellectual assets, including government bill pay solution PayGov, white-label P2P solution Payzur, and an extensive patent portfolio and suite of product offerings, representatives stated.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | USAePay | Impact Paysystems | Electronic Merchant Systems