Credit Union 24 (Tallahassee, Fla.), a credit union-owned ATM and point-of-sale network, has entered into a pilot agreement with Acculynk (Atlanta) to provide the company's Internet PIN debit service, PaySecure, to its member credit unions.
PaySecure is a software-only service for PIN debit payments on the Internet. Consumers enter their PIN on PaySecure's graphical PIN-pad at the merchant checkout, and only need their existing debit card and PIN to use PaySecure. There are no hardware devices, passwords, enrollment or redirection to another website for payment. According to a release, the software provides an added layer of security to online debit transactions.
Credit Union 24 is the fourth EFT network to announce a pilot program with Acculynk. However, it is the only network solely devoted to credit unions. Also involved in PaySecure pilots are ACCEL/Exchange, PULSE and NYCE.