Acculynk signs agreement with ATM network

Acculynk signs agreement with ATM network
Tags: Debit / Credit, EFT Networks, Encrypting Pin Pads (EPP), Vantiv
June 16, 2010 - Frederick Lowe

Acculynk Inc., an Atlanta-based software company that secures PIN-debit purchases over the Internet, Wednesday signed an agreement with Jeanie Network, an online shared ATM network owned by Fifth Third Processing Solutions LLC.

Acculynk will offer PaySecure, its PIN-debit solution, to Jeanie participants sometime this year. With PaySecure, online shoppers type in their PIN on a graphical PIN pad at the merchant checkout. They only need their existing Jeanie debit card and PIN to complete the transaction. Jeanie joins six other electronic funds transfer networks that have announced adoption of PaySecure.

Fifth Third Processing is based in Cincinnati. Neither Acculynk nor Jeanie disclosed the agreement's terms.