TALLAHASSEE, Fla. – Credit Union 24 announced it has begun a pilot program with Acculynk to offer the company’s Internet PIN debit service to its member credit unions.
The service, known as PaySecure, is the first software-only service for PIN debit payments on the Internet. Consumers enter their PIN on PaySecure’s graphical PIN-pad at the merchant checkout, and only need their existing debit card and PIN to use PaySecure. There are no hardware devices, passwords, enrollment or redirection to another website for payment.
PaySecure provides an extra layer of security for debit card transactions, leading to reduced fraud and charge-backs for credit unions, and offers attractive margins.
PaySecure is also offered by the ACCEL/Exchange, PULSE and NYCE electronic funds transfer networks.
