PIN Debit Service Provider Expands Network of Customers

Acculynk’s unique PIN Debit payment method, PaySecure — utilized by 2Checkout — expanded its portfolio of participating networks yesterday with the addition of Credit Union 24 (CU24), the country’s largest credit union-owned ATM and point-of-sale network.

CU24 makes the fourth network to pilot the new system. PaySecure is unique to the business enabling shoppers to safely use their PIN debit cards for online purchases by entering their PIN into a pop-up, graphical, and scrambling keypad without leaving 2Checkout’s purchase routine.

Even though the project is still in its infancy, we anticipate the continued addition of large networks such as CU24 will boost the number of cardholders having access to the system, resulting in a steady increase in PIN Debit purchases throughout the year.

CU24 joins ACCEL/Exchange, PULSE, and NYCE as participating EFT networks. We will periodically provide additional updates as PaySecure’s network of customers continues to expand.

2Checkout Now Accepting PIN-Debit

Starting today, some online shoppers can use PIN-debit to purchase products through 2Checkout.com with the addition of PaySecure as its newest payment option.

PaySecure, a sophisticated encrypted PIN-Debit payment option is the first software-only service of its kind in the U.S. The service is fully automated and unique in comparison to traditional online payment methods and fills a nice niche for 2Checkout. Signature debit is a preferred payment method for many 2Checkout customers, but paying by PIN-Debit has never been an option until today. The addition expands 2CO’s market of potential buyers, who prefer to use PIN debit, or have PIN-only debit cards.

Here’s how the system works. PaySecure’s graphical PIN-pad appears during checkout when the system determines a customer’s debit card can be used with a PIN and the card is a member of Acculynk’s network. Customers are given the choice to enter their PIN on the PaySecure PIN-pad or run the transaction as signature debit. If they choose PaySecure, they enter each digit of their PIN into a unique, scrambling graphical PIN-pad by mouse, making the process undetectable by online scammers. Upon completion, they click “submit” and receive payment confirmation. Click here for a PaySecure demo.

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