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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.


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