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October 04, 2015 7:20 AM ET

Internet Software and Services

Company Overview of Acculynk, Inc.

Company Overview

Acculynk, Inc. provides payment processing and authentication software solutions for online and mobile commerce markets in the United States, China, India, Puerto Rico, and internationally. It offers PaySecure, a payment gateway that leverages EFT networks to reduce cost, accelerate settlement, and increase security for enterprise merchants, small/mid-sized merchants, and issuers and networks; PayLeap that enables small and medium-size merchants to take payments using EFT networks for debit settlement; and Payzur that provides person-to-person mobile and Web-initiated payments for financial institutions, and direct-to-debit payments solutions. It also provides municipal solutions, including ...

3225 Cumberland Boulevard SE

Suite 550

Atlanta, GA 30339

United States

Founded in 1999





Key Executives for Acculynk, Inc.

Chairman and Chief Executive Officer
President and Chief Operating Officer
Chief Financial Officer
Age: 60
Senior Vice President of Marketing and General Manager of Payzur P2P Platform
Senior Vice President of Operations
Compensation as of Fiscal Year 2015.

Acculynk, Inc. Key Developments

Acculynk Announces Strategic Partnership with TouchPay Holdings, LLC

Acculynk has partnered with TouchPay Holdings, LLC. In this relationship, Acculynk will provide its omni-channel online bill payment solution for municipalities and utilities and TouchPay will provide a premise based solution, specifically a self-service payment Kiosk. This joint solution will target both parties' installed client bases, when appropriate, as well as prospective new clients, and will offer all payment types including Cash, Credit, Debit, Internet PIN Debit, PIN-less debit and ACH. Specifically, Acculynk's PIN Debit solution is especially impactful for municipalities and utilities that have a higher concentration of residents that utilize debit cards as a primary means for transacting (i.e., the unbanked and underbanked and more security conscious), as well as municipalities and utilities looking to reduce fraud and chargebacks. By catering to the underbanked and security conscious, these products have helped increase on-line payment adoption for Acculynk's customers. By now offering TouchPay's self-service Kiosks, underbankedclients, as well as other customers can now make payments directly at the customer premise using hardware and software that is directly integrated with Acculynk's payment platform.

Intuit Selects Acculynk for Debit Routing

Acculynk has been selected by Intuit Inc. to provide payment processing services leveraging Acculynk’s superior debit routing technology. Acculynk’s routing technology will enable Intuit to speed up transaction processing time, supporting the mission of Intuit’s business units (including QuickBooks Payments) to help small businesses get paid faster by enabling their customers to accept debit card payments online. The payments landscape is rapidly changing and Acculynk’s true debit gateway sets itself apart by leveraging its unique connections to the EFT networks to provide merchants with the payment technology to take their business to the next level as they continue to scale up.

Acculynk Wins Multi-Year Contract with Birmingham Water Works to Deliver Multi-Channel Payment and Bill Presentment Platform for the Citizens of Birmingham, Alabama

Acculynk was awarded a multi-year contract with Birmingham Water Works to deliver a multi-channel payment and bill presentment platform for the citizens of Birmingham, Alabama. The company's omni-channel solution includes mobile, Web, point of sale and IVR. These channels will uniquely support the company's internet PIN debit solution - PaySecure, as well as credit card, signature debit, PINless debit, government issued debit cards, pre-paid cards, ACH. Specifically, the company's PaySecure solution permits PIN enabled debit card users to enter their PIN for e- and m- commerce, ensuring a second layer of authentication and a more secure transaction. Citizens of Birmingham will also benefit from online/mobile bill presentment of their paper bill. The company will also offer an enhanced customer relationship management module for Birmingham customer service representatives to mange billing questions from their constituents. The online portal will also provide enhanced reporting for Birmingham Water Works Finance and Customer Support personnel. After an extensive evaluation with many other providers in the sector, the Birmingham Water Works Board selected the company based on its differentiated value proposition and the enhanced security provided by its patented authentication and encryption framework. The platform is expected to go-live in the third quarter of 2015 when Birmingham Water Works will switch from its incumbent provider.

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