Atlanta, GA, March 26, 2015 — Acculynk, the provider of PaySecure®, a unique authentication and gateway platform, launches a new service to help issuers and mobile wallet providers securely provision cards within a mobile wallet.
Once PaySecure® is integrated within a wallet, both debit and credit cards can be securely authenticated. Upon registering a new card consumers will be prompted to enter their bank-issued PIN. The PIN is securely sent to the Issuer for real time authentication, providing a response back to the wallet in milliseconds.
"The rise in popularity of mobile wallets has highlighted the challenges Issuers face in managing fraud risk within this new channel," said Nandan Sheth, President & COO of Acculynk. "There is a significant void of simple and familiar authentication methods that target the emerging mobile channels. We have worked closely with strategic partners to design a solution that is proven to mitigate fraud while maintaining the high standards for user experiences that consumers have come to expect."
The new service leverages a familiar and trusted method of authentication, creating an Omni-channel user experience that is unparalleled in the industry. Once a consumer's identity has been verified, they can begin using the wallet immediately. There is no need to contact a call center, exchange text messages or log in to mobile banking.