Acculynk to Buy IP Portfolio from PayPlum

Published November 24, 2014, 2:21 p.m. EST

Updated November 24, 2014, 1:21 p.m. EST

1 Min Read

Payment technology processor Acculynk has agreed to buy the intellectual property of PayPlum.

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PayPlum's IP portfolio focuses on reducing the risk of acceptance and transfer of payment card data within the online and mobile channels. The portfolio features messaging protocol technology that accepts and transports cardholder data and leverages tokenization.

The product contains tools for Payment Card Industry data security compliance, merchant control, fraud mitigation and hosted payments.

PayPlum's products will be integrated into Atlanta-based Acculynk's global gateway offering. The companies will also form a strategic partnership in which PayPlum resell this integrated product to new and existing customers.

The integrated product will launch next month, according to a Nov. 24 press release.

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Evan Nemeroff joined SourceMedia in January 2011 as a reporter for Mortgage Servicing News� Managing REO. Topics that he writes about includes REO... Read full bio

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