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Acculynk Announces Strategic Partnership with Skrill USA

Leading Digital Payments Company Will Implement Several Proprietary Acculynk-Developed Solutions to Extend Market Leading Position Leading Digital Payments Company Will Implement Several Proprietary Acculynk-Developed Solutions to Extend Market Leading Po


Atlanta, GA, December 11, 2014 — Acculynk, a leading patent led financial technology company, announced today that it has developed a Strategic Partnership with Skrill USA, a global leader in the digital payments industry. Specifically, Skrill will implement three distinct proprietary Acculynk solutions including: The PaysSecure Internet Pin Debit platform that includes dynamic debit routing; the international gateway that enables China Union Pay; and the Pazur Direct-to-Debit Solution allowing corporate disbursements to be made directly to a recipients debit card.

Leveraging the PaySecure platform, Skrill customers will be able to load the Skrill Wallet with their PIN-enabled Debit card, resulting in lower fraud. This form of payment is a guaranteed good funds transaction. Included in this offering will be Acculynk’s dynamic debit routing platform, ensuring that the customer pays the lowest fee available. In addition, with PaySecure’s international payment gateway, Skrill will have access to the China Union Pay cardholder base as well as other international markets. This will give Skrill access to over 3 billion Chinese debit and credit card holders. Finally, with Acculynk’s Pazur solution, which enables merchants to load funds to a debit card, Skrill will enable its customers to efficiently deliver funds directly to a debit card in near-real time through a very user-friendly experience in an ecommerce and mobile environment.

“Finalizing this strategic relationship is a win-win for all parties involved, especially Skrill customers” said Monish Bahl, SVP of Business Development. “Skrill has developed a unique payment solution, and by leveraging this portion of Acculynk’s product suite, should be able to further its market leading position. We look forward to a long term and fruitful relationship.”

The foundation of Acculynk’s solutions are based on leveraging its patented ability to capture, store and transmit a bank issued PIN. Acculynk’s method for these processes represents the only approved solution amongst all the debit networks. As such, using Acculynk’s secure solution for dual factor authentication, which includes inputting a consumer’s debit card and their unique PIN, results in one of the most secure transaction types in the industry. In fact, research firm 2Checkout recently published a report (dated Q1 2014) which identifies Acculynk payments as having the least fraudulent activity on its platform. Acculynk scored a plus-86 rating, meaning the payment service experienced 0.86 percent less fraudulent activity than the average buyer - the highest among processors.

About Skrill USA

Skrill has been moving money digitally since 2001 and is now one of world's leading digital payments companies, with 560 people from 30 nationalities working in our London headquarters and our offices throughout Europe and the USA.Over 36 million account holders already trust Skrill to send and receive money worldwide in 200 countries and 40 currencies, securely and at low cost, without revealing their personal financial details. Our worldwide payment network lets businesses extend their reach globally with over 100 local payment options. We already meet the needs of over 156,000 businesses with everything from a simple one-step integration to a fully- tailored payment solution. Whoever you are, however you like to pay or get paid, trust Skrill to make your online payments simpler, faster and safer.

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