ANCHORAGE, Alaska – Alaska USA FCU, Alaska Option and Acculynk said Alaska USA will now enable Internet PIN debit through Acculynk’s PaySecure network.
Alaska USA cardholders will be able to use their debit card with their credit union-issued PIN at participating online merchants. Additionally, Alaska Option will make PaySecure available to other eligible issuers in its nationwide network.
Acculynk said with its PaySecure, online shoppers enter their PIN on a graphical PIN pad at the merchant checkout, and only need their existing Alaska USA debit card and PIN to complete the transaction. There are no hardware devices, passwords, enrollment or redirection to another website for authentication.
PaySecure is designed to provide an extra layer of security for debit card transactions, which Acculynk said is helping lead to reduced fraud and charge-backs for financial institutions, while offering attractive margins and opportunities for incremental volume. Alaska Option financial institutions will join more than 7,000 debit card issuers in offering internet PIN debit to consumers.
Over 3,200 merchants are currently enabled within the PaySecure Internet PIN Debit network.
