Acculynk, a US-based provider of authentication and gateway platform PaySecure, has unveiled a new authentication service that allows merchants, issuers, networks and third party mobile wallet providers secure card-not-present EMV/NFC transactions.
The company has teamed up with some major payment networks to launch the new EMV/NFC compliant mCommerce and eCommerce authentication service.
The service aims to provide card holders the same level of security as they expect at the point of sale.
Additionally, Acculynk has launched its first true omni-channel user experience by using the EMV PIN.
Acculynk said that debit and credit cards can be authenticated for the purpose of approving a transaction by integrating PaySecure within the merchant checkout.
The PaySecure solution will allow merchants to authenticate card holders using a mobile session that leverages its virtual PIN pad on the mobile form factor.
Acculynk CEO and Chairman Ashish Bahl said: "Our technology works on both HCE and embedded secure element platforms allowing for the greatest penetration. Rather than reinventing the industry, we have worked closely with strategic partners to design a set of out-of-band services that leverage the existing EMV, NFC, encryption and tokenization standards."
"Our new solution allows merchants and issuers to provide an Omni-channel user experience for card holders while conforming to the same security standards as those that exist at the POS," added Bahl.