Multinational i-Payout to add Internet PIN Debit as a Payment Method
Atlanta, GA, April 10, 2013 – Acculynk Direct, a division of Acculynk, and i-Payout, a payment platform that delivers secure, global payment solutions to multi-national organizations, today announced that i-Payout has integrated with PayLeap enabling online PIN debit payments.
With the integration, i-Payout clients will now have access to Acculynk’s PaySecure® payment method for Internet PIN debit. With PaySecure, users authenticate a debit payment by entering their debit PIN on a virtual PIN-pad during the online payment process.
“We believe the ability to accept internet PIN debit payments will be highly attractive to i-Payout clients, many of whom have users based in countries where credit cards are not widely used and PIN debit is the most important payment method,” said Eddie Gonzalez, President of i-Payout. “Our clients can now build a more streamlined payments function by offering the advantage of fast, secure internet PIN debit.”
PaySecure is designed to provide an extra layer of security for debit card transactions, helping reduce fraud and charge-backs for merchants, while offering opportunities for sales lift by enabling the millions of consumers with PIN-only debit cards.
“We are looking forward to helping i-Payout grow by leveraging our patented online PIN pad to enable PIN debit, the most prevalent payment method globally,” Scott Miller, PayLeap General Manager & EVP, Acculynk Direct. “As the industry’s only debit-focused acquirer, PayLeap is uniquely qualified to add value to i-Payout and also to other small and medium-sized businesses that similarly want to thrive in the global market.”
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.
International Payout Systems is a payments company that works with domestic and multi-national organizations to deliver payments to employees, distributors and suppliers and to enable these groups to pay for product and services using this same account. IPS has developed a network of over 140 banks in over 200 countries to enable its clients to operate locally in each or on a centralized basis using the IPS multi-currency payment engine. Visit www.i-payout.com, demo.globalwallet.com