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Chase Paymentech signs with Acculynk for online PIN debit pilot
March 22, 2009
The Paypers:JPMorgan Chase's payment processing and merchant acquiring business unit, Chase Paymentech, is expected to take part in an online PIN debit pilot program that relies on technology from Acculynk, a U.S. payments services provider. The platform allows consumers to use their PIN debit cards to pay for online purchases. When paying with a debit card at a merchant checkout, customers must enter their card numbers, expiration dates and card-verification numbers. After they submit the card information, PaySecure detects whether the card can be used with a PIN.
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