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Internet PIN Debit Advisory Council formed
ATLANTA (3/9/10)--Acculynk has formed the Internet personal identification number (PIN) Debit Advisory Council with partner electronic funds transfer (EFT) networks. The council will establish the processes, procedures, rules and best practices around PaySecure for Internet PIN debit. PaySecure is a software-only service for PIN online debit payments. The council brings together leaders from partners such as ACCEL/Exchange, Alaska Option, Credit Union 24, PULSE and SHAZAM. Membership in the council is open to EFT networks that have partnered with Acculynk for PaySecure. The company is considering extending membership to e-commerce. PaySecure was introduced in March 2009 in a pilot program that included ACCEL/Exchange and several small merchants. PULSE announced a partnership with Acculynk in late March 2009 for Internet PIN debit that was followed by partnership announcements from four other EFT networks and ACCEL/Exchange’s commercial roll-out of PaySecure across the eligible base of issuers in November. Acculynk expects to announce two more EFT networks in the next two months. Acculynk is based in Atlanta.


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