PULSE Enables Acculynk’s Payzur® Personal Payment Solution

  PULSE Enables Acculynk’s Payzur® Personal Payment Solution

        Consumers Can Make Virtually Instant Person-to-Person Payments

Business Wire

HOUSTON -- February 19, 2013

As person-to-person (P2P) financial transactions grow in popularity, PULSE,
one of the nation’s leading debit/ATM networks, is now enabling Acculynk’s
Payzur debit-based P2P solution across the PULSE^® network to help meet the
needs of its financial institution participants. The announcement means PULSE
participants and their cardholders have access to an additional real-time P2P

Acculynk’s Payzur allows consumers to send funds simply by authenticating the
mobile- or web-initiated transaction with their debit card PIN via Acculynk’s
PaySecure^® online graphical PIN pad. Acculynk’s real-time P2P solution is as
simple and fast as using PIN debit at the point of sale.

PULSE already uses Acculynk’s PaySecure technology to enable its Internet PIN
Debit product to provide fast, easy PIN debit transactions online.

“Consumers generally prefer to use debit over cash for retail payments, and
they are now looking for that same easy solution when it comes to paying
friends, family and others,” said Judith McGuire, Executive Vice President of
Product Management at PULSE. “We want to give our participants greater access
to the P2P market opportunity which, in the U.S., is estimated to be between
$80 billion and $120 billion annually,” she added.

With Payzur, consumers can use their smartphone, or other web-access device
such as a tablet PC, along with their PIN, to send payments. Most cardholders
will see transactions post to their account more quickly, and financial
institutions will avoid the cost associated with ACH transactions. These
transactions will settle with participating PULSE financial institutions
through their existing network connectivity and settlement processes in place
with PULSE, making them cost-effective, convenient and efficient.

“Recipients will have access to the funds almost immediately, making Payzur an
attractive personal-commerce solution,” said John Kerley, Senior Vice
President and General Manager of Acculynk’s Payzur division. “With earlier P2P
solutions, payments sometimes took days, rather than the minutes or seconds of
Payzur payments.”


PULSE, a Discover Financial Services (NYSE: DFS) company, is a leading
debit/ATM network, serving more than 6,300 financial institutions across the
United States. This includes 4,300 issuers with which PULSE has direct
relationships and more than 2,000 additional issuers through agreements PULSE
has with other debit networks. PULSE links cardholders with ATMs and POS
terminals at retail locations nationwide. Through its global ATM network,
PULSE provides worldwide cash access for Diners Club and Discover cardholders
through more than 900,000 ATM locations. The company also is a source of
electronic payments research and is committed to providing its participants
with education on emerging products, services and trends in the payments
industry. For more information, visit www.pulsenetwork.com.

About Acculynk

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.


Patty Sendelbach, 832-214-0395
DPK Public Relations
Daniel Keeney, 832-467-2904
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