Acculynk

About Acculynk

Acculynk was a financial technology company founded in 2008 and headquartered in Atlanta, Georgia, that specialized in online payment processing and authentication software solutions. The company was founded by Ashish Bahl, who served as its Chairman and CEO. In 2008, Acculynk acquired key online PIN-debit technology from the bankrupt company PayByTouch, which had developed a system using a floating, on-screen PIN pad to secure transactions.

Acculynk's core product was PaySecure, a patented software technology that enabled consumers to use their PIN-based debit cards for online purchases by entering their PIN on a graphically scrambled, software-based keypad. This process was designed to reduce fraud, lower transaction costs for merchants by routing payments through more cost-effective EFT networks, and simplify the online checkout experience. The company's offerings also included a white-label person-to-person (P2P) payment solution called Payzur, a government bill payment service named PayGov, and a combined payment gateway and acquiring service called PayLeap. Acculynk targeted a range of clients, from large enterprise merchants to small and mid-sized businesses, as well as card issuers, municipalities, and EFT networks.

In March 2017, Acculynk was acquired by First Data Corporation, a major player in commerce-enabling technology, for an undisclosed amount. The acquisition was intended to expand First Data's e-commerce capabilities by integrating Acculynk's debit routing technology and other services into its product suite. Following the acquisition, First Data was itself acquired by Fiserv in July 2019.