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Acculynk Inc. CEO Ashish Bahl last year spent much of his time introducing the company's PaySecure Internet PIN-debit product to merchants, processors and electronic funds transfer networks. This year, Acculynk will concentrate on increasing merchant acceptance and making more debit cards compatible with the service, Bahl tells PaymentsSource.
Two announcements earlier this week put the company on its way to accomplishing its first goal for 2010.
Merchant e-Solutions Inc., a Redwood City Calif.-based payment processor, announced Jan.19 it will offer its merchants PaySecure as a payment-acceptance option. Acculynk enables consumers to use PIN-debit cards to make purchases online by integrating its PaySecure software into a merchant's online-checkout system. Cardholders use their computer's mouse to enter their four-digit PINs into an Acculynk virtual PIN pad that appears on the computer's monitor.
Fewer than 25 Merchant e-Solutions' clients are using PaySecure. Several of the processor's clients last year were involved in a PaySecure pilot, including 2Checkout.com, an authorized reseller for online retailers, and JellyBelly.com, which specializes in selling gourmet jelly beans, according to company general manager Kevin Gallagher.
In a separate announcement, Acculynk announced Spirit Airlines Inc. will add PaySecure to...