Acculynk to Launch PaySecure for Mobile Payments

Jan. 24, 2011

Acculynk announced that it is adapting its PaySecure Internet PIN debit product to mobile smartphones early this year. The Atlanta-based company said PaySecure Mobile will allow consumers to authenticate their transactions by entering their bank-issued PIN on Acculynk’s graphical, scrambling PIN-pad, which has been specially designed for mobile smartphone platforms. The growing prevalence of mobile transactions coupled with merchant demand prompted Acculynk to extend the capabilities of PaySecure beyond the Internet channel, according to Ashish Bahl, CEO of Acculynk. “We were approached by major merchants last year wanting to know how PaySecure would fit with their developing mobile channels, so we started work on a mobile application,” said Bahl. “After several months of development, we’ll be ready to launch PaySecure mobile in Q1 2011, allowing our merchants and partners to benefit from the higher security of PaySecure in not just one but two major purchasing channels. Additionally, PaySecure Mobile is well positioned to add an additional layer of authentication to NFC payments on smartphones, since the phone is something you have but the PIN offers something you know.”