How they describe themselves: Acculynk is a leading technology provider with a suite of software-only services that secure online transactions. Our flagship product, PaySecure, allows consumers to use PIN debit to pay for online purchases. PIN debit is a preferred payment method at the retail POS but is not available as an Internet payment option. PaySecure brings the safety and convenience of PIN debit online with a simple service that integrates directly into the merchant checkout and requires no consumer enrollment or redirection. Our technologies are backed by a security and encryption framework that is supported by issued and pending patents.

What they think makes them better: Acculynk is the first company in the U.S. to bring PIN debit online with a software-only service. Consumers want more security without sacrificing convenience. PaySecure provides an extra layer of authentication for online transactions using a debit card and PIN consumers already have. PaySecure is also the only alternative payment method that provides value to all payment processing constituents:

• Issuers: reduced fraud, incremental volume, attractive margins, competitive weapon against alternatives
  
• EFT Networks: new revenue stream, brand extension online
  
• Online Merchants: instant adoption, lower fees, reduced charge-backs
  
• Consumers: more security, greater payment choice, simple checkout experience

Executives: Ashish Bahl (CEO), Nandan Sheth (President and COO), Timothy Barnett (CTO)

Investors: Oak Investment Partners (www.oakinv.com)

Board Members: Stuart Harvey (CEO, Elavon), Anne Lamont (Managing Partner, Oak Investment Partners), Gene Lockhart (former President & CEO, MasterCard), Rodman Reef (former CEO, Citishare Corp.)

Partnerships: PULSE, NYCE, ACCEL/Exchange, Elavon, Merchant e-Solutions, UATP, Chase Paymentech

Contacts:
BizDev: Tom Wilkerson, VP Bus. Dev., 678-894-7012, twilkerson@acculynk.com
Press: Danielle Duclos, Director of Marketing, 678-894-7013, dduclos@acculynk.com