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Austin Energy Selects Acculynk’s PaySecure Platform to Increase Electronic Payments Adoption

Acculynk to deliver a Unique Debit Centric Solution to Austin Energy Customers to Expand Reach for Mobile and E-Commerce Transactions

Atlanta, GA, June 8, 2015 — Acculynk, a unique technology driven payment solutions provider, announces today that it will offer Austin Energy customers its unique payment platform for processing secure online and mobile payments. The Company expects to deliver its proprietary solution to customers by the week of June 15, 2015.

The offering is expected to open up a new payment channel to Austin Energy customers, especially for those customers who utilize debit cards as a primary means for transacting. By using Acculynk’s PaySecure® patented online PIN pad solution, debit card users can enter their PIN for e- and m-commerce, ensuring a second layer of authentication and a more secure transaction. Acculynk’s mobile PIN debit solution has demonstrated an e-commerce lift across a variety of e-commerce merchants and can help Austin Energy increase electronic adoption and better serve their customers at the same time.

Acculynk’s PIN Debit solution is especially impactful for municipalities and utilities that have a higher concentration of residents that utilize debit cards as a primary means for transacting (i.e., the unbanked and underbanked and mores security conscious), as well as municipalities and utilities looking to reduce fraud and chargebacks.

“Austin Energy is a marquee partner for Acculynk and we are proud to be working with them,” said Mike DiTano, General Manager, Municipal Solutions of Acculynk. “We believe that this partnership will be meaningful and beneficial to all stake-holders, especially the more than 440,000 Austin Energy customers, many of whom are underbanked or prefer the increased security that comes from using a second factor of authentication when transacting. By providing online PIN debit for its consumers, Austin Energy is reducing its customers need to resort to cumbersome and inconvenient cash payments. With a “true debit” bill-payment, Acculynk will eliminate charge-backs on transactions and will help with expedited payments, while reducing fraud risk. We look forward to delivering a compelling solution, including world class customer service, for the residents of Austin within the next few weeks.”

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