Acculynk Unveils EMV/NFC Compliant Service to Secure its Card-not-Present Transactions

By CIOReview | Monday, March 23, 2015

ATLANTA, GA: Acculynk, a provider of PaySecure, an authentication and gateway platform has launched EMV/NFC compliant service that helps merchants, issuers, networks and third party mobile wallet providers to secure card-not-present EMV/NFC transactions.

Acculynk’s EMV/NFC compliant service, with the help of other payment networks helps these card holders by offering security during point of sale. After leveraging the EMV PIN, Acculynk has created the first true omni-channel user experience. Once PaySecure is integrated within the merchant checkout, both debit and credit cards can be authenticated for the purpose of approving a transaction. Besides this, the solution also enables merchants to authenticate card holders who use mobile session.

“Our new solution allows merchants and issuers to provide an Omni-channel user experience for card holders while conforming to the same security standards as those that exist at the POS. Global response to our prototype is very strong,” says Ashish Bahl, CEO and Chairman, Acculynk.

“Our technology works on both HCE and embedded secure element platforms allowing for the greatest penetration. Rather than reinventing the industry, we have worked closely with strategic partners to design a set of out-of-band services that leverage the existing EMV, NFC, encryption and tokenization standards. Any issuer that supports NFC can leverage our solution without change,” continued Bahl.