PULSE Enables Acculynk’s Payzur® Personal Payment Solution
19 Febbraio 2013 - 3:00PM
Business Wire
As person-to-person (P2P) financial transactions grow in
popularity, PULSE, one of the nation’s leading debit/ATM networks,
is now enabling Acculynk’s Payzur debit-based P2P solution across
the PULSE® network to help meet the needs of its financial
institution participants. The announcement means PULSE participants
and their cardholders have access to an additional real-time P2P
solution.
Acculynk’s Payzur allows consumers to send funds simply by
authenticating the mobile- or web-initiated transaction with their
debit card PIN via Acculynk’s PaySecure® online graphical PIN pad.
Acculynk’s real-time P2P solution is as simple and fast as using
PIN debit at the point of sale.
PULSE already uses Acculynk’s PaySecure technology to enable its
Internet PIN Debit product to provide fast, easy PIN debit
transactions online.
“Consumers generally prefer to use debit over cash for retail
payments, and they are now looking for that same easy solution when
it comes to paying friends, family and others,” said Judith
McGuire, Executive Vice President of Product Management at PULSE.
“We want to give our participants greater access to the P2P market
opportunity which, in the U.S., is estimated to be between $80
billion and $120 billion annually,” she added.
With Payzur, consumers can use their smartphone, or other
web-access device such as a tablet PC, along with their PIN, to
send payments. Most cardholders will see transactions post to their
account more quickly, and financial institutions will avoid the
cost associated with ACH transactions. These transactions will
settle with participating PULSE financial institutions through
their existing network connectivity and settlement processes in
place with PULSE, making them cost-effective, convenient and
efficient.
“Recipients will have access to the funds almost immediately,
making Payzur an attractive personal-commerce solution,” said John
Kerley, Senior Vice President and General Manager of Acculynk’s
Payzur division. “With earlier P2P solutions, payments sometimes
took days, rather than the minutes or seconds of Payzur
payments.”
About PULSE
PULSE, a Discover Financial Services (NYSE: DFS) company, is a
leading debit/ATM network, serving more than 6,300 financial
institutions across the United States. This includes 4,300 issuers
with which PULSE has direct relationships and more than 2,000
additional issuers through agreements PULSE has with other debit
networks. PULSE links cardholders with ATMs and POS terminals at
retail locations nationwide. Through its global ATM network, PULSE
provides worldwide cash access for Diners Club and Discover
cardholders through more than 900,000 ATM locations. The company
also is a source of electronic payments research and is committed
to providing its participants with education on emerging products,
services and trends in the payments industry. For more information,
visit www.pulsenetwork.com.
About Acculynk
Acculynk secures online transactions with a suite of
software-only services backed by a patented authentication and
encryption framework that provides greater security for issuers,
EFT networks, merchants and payment processors. Acculynk’s
PaySecure® utilizes a graphical PIN-pad for the secure entry of a
consumer’s PIN online and is available to merchants through
existing acquirer relationships, enabling speedy implementation.
PaySecure is currently enabled on over 6,000 merchant websites.
Acculynk has partnerships with 11 EFT networks to process PaySecure
transactions and with six leading payment processors, and is
certified with PULSE, First Data and Master Card, among other key
industry leaders. Additionally, Acculynk solutions include PayLeap,
a gateway and acquiring and card processing services, and Payzur, a
debit-based P2P solution. Visit http://www.acculynk.com.
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