Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
PULSE to pilot Internet PIN debit technology
HOUSTON (3/24/09)--PULSE, an ATM/debit networks, has signed an agreement with Acculynk under which PULSE will test Acculynk’s PaySecure Internet personal identification number (PIN) debit technology in a pilot program. Acculynk is a technology provider with suite of software-only services that secure online transactions. The pilot will involve selected PULSE merchant and financial institution participants and is slated to begin in second quarter (BusinessWire March 23). The goal of the pilot is to assess consumer acceptance of Internet-based PIN debit transactions. Acculynk’s technology enables consumers to use their debit cards with a PIN to pay for online purchases. Acculynk’s PIN-pad technology integrates directly into the merchant checkout process. Consumers will be aware of the PIN entry option only if their card is enabled for PIN debit. Consumers will choose either entering their PIN or completing the purchase as a signature debit transaction. Acculynk’s Internet PIN debit service uses security features such as a graphical, scrambling PIN pad for the secure entry of PIN data. The PIN itself is not captured on the consumer’s PC nor is it transmitted over the Internet. Instead, Acculynk captures and encrypts data associated with the PIN entry process, then transmits that encrypted data in a separate message from the message used for the card number. This makes it difficult for fraudsters to capture information that could compromise a consumer’s debit card or account. Also, producing a counterfeit card would be nearly impossible because the magnetic stripe data is not captured during the online transaction, the companies said.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
14 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
15 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
15 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
16 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
17 hours ago