Acculynk Direct Gateway Up and Running with PIN Debit
Dec. 3, 2012
Online PIN debit solutions provider Acculynk reported on Friday it has fully integrated its September acquisition of e-commerce gateway provider PayLeap. The company said the new division of Acculynk, Acculynk Direct, is the first acquirer to offer an online payment gateway that enables small and midsize merchants to accept PIN debit payments for e-commerce purchases. When consumers use a debit card authenticated with their PIN to transact online, merchants are able to shift liability for fraud to card issuers.
“In a very short time, the combination of Acculynk and PayLeap has revealed tremendous synergy for us,” said Ashish Bahl, CEO of Acculynk. “Acculynk is now firing on all cylinders as evidenced by our record daily revenue and recent contract wins, including a very large telecommunications company whereby we will be the payment gateway for all their small and mid-market merchants. We are also pursuing a record backlog of opportunities that we expect will close in the near term.”