Acculynk, the first global PIN-debit authentication gateway, announced
today that the European Patent Office granted Acculynk patent protection
for the company's propriety process for PIN based authentication over
the Internet. The patent protects the mechanisms and processes behind
Acculynk's innovative PaySecure® product, a software-only service that
allows consumers to pay for online purchases with their debit card and
The awarding of this patent positions the company to continue to expand
the markets in which it offers merchants and consumers the convenience
and security of PIN debit over the Internet. By expanding patent
coverage into Europe, the company is protected within the major
e-commerce markets in Europe, in addition to its existing patents in the
"The granting of this patent is a significant addition to our
intellectual property portfolio outside the United States," said Ashish
Bahl, Acculynk Chairman and CEO. "This milestone advances our position
as the leader in facilitating global e-Commerce by providing billions of
consumers access to the most advanced payment security."
Acculynk is the only global payment gateway that brings e-Commerce
merchants PIN authenticated payments for debit or credit cards across
some of the largest markets in the word. Currently the PaySecure
solution is supported in 3 of the 5 largest PIN debit markets: USA,
India and China. Globally Acculynk supports over two billion bank issued
cards in its network.
This patent defines the mechanisms and steps Acculynk performs during
their proprietary process for PIN based authentication over the
Internet. Functionally it describes the systemic interactions between
entities and the separation of PIN and PAN data until combined in an HSM.
In emerging markets, most cards are PIN debit cards. UnionPay, for
example, is the largest card network in the world, according to the
Nilson Report, with over 3.5 billion cards issued worldwide, and, of
that total, only 300 million are credit cards.
Once PaySecure is integrated, merchants do not have to make any further
technical changes to enable incremental international markets. As
Acculynk continues to expand its international footprint, merchants can
use PaySecure to accept debit cards from these markets with no
additional technical effort required.
A single integration to Acculynk enables PIN debit from consumers in the
U.S., Puerto Rico, China, and India. PaySecure can be leveraged by US
merchants for .com and/or international websites.
On the Issuer side, the authentication experience is tailored to the
regulations and customs of each international 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.
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