Acculynk Enables Online PIN Debit Transactions in India
May 31, 2012
Consumers in India can now make online purchases with certain PIN-only debit cards thanks to authentication provider Acculynk. The Atlanta-based company has partnered with National Payments Corporation India (NPCI) to authenticate online transactions for shoppers using NPCI’s RuPay debit card. NPCI launched the RuPay card with four banks in India two months ago. Acculynk’s PaySecure authentication enables consumers to enter their PIN on a virtual PIN-pad at the merchant checkout when making e-commerce purchases.
“As a result of this partnership, RuPay cardholders will be able to make RuPay debit card purchases online using the mandated two-factor authentication. We expect to bring millions of RuPay consumers to e-commerce,” said A.P. Hota, managing director and CEO of NPCI. “NPCI has identified the PIN Debit solution of Acculynk to provide security and ease of use to ensure a higher success rate.”