Acculynk to Launch PIN-Debit System in Puerto Rico

Sept. 15, 2011

Atlanta-based online security provider Acculynk this week entered into an agreement with EVERTEC Inc., a Puerto Rico-based diversified processing business in Puerto Rico and Latin America. Under the agreement, Acculynk said it will provide its PIN debit-enabling solution through EVERTEC’s ATH Network, to debit card holders in Puerto Rico who want to use their PIN-only debit cards for e-commerce. “Through this partnership with Acculynk, we will enable e-commerce for the many cardholders who have PIN-only debit cards,” said Jorge Hernández, senior vice president of the ATH Network at EVERTEC. “In addition to providing more payment options to consumers, they will be able to shop online at US based stores, which not only benefits consumers, but also strengthens our business by increasing the number of transactions.” EVERTEC said it hopes to begin offering Acculynk’s PaySecure solution—a graphical PIN pad cardholders use to enter their PIN in the Website shopping cart—by the end of this year.