First Data Strengthens eCommerce Position with Acquisition of Acculynk
First Data is a well known supplier of commerce enabling technology and it has recently spilled some interesting acquisition news.
It was recently announced that First Data has entered into a binding agreement to acquire Acculynk, a leading Atlanta based tech company that delivers eCommerce solutions for debit card acceptance. The acquisition expands First Data’s extensive ecommerce solution suite by offering access to Acculynk’s PaySecure debit routing tech and its plethora of services specifically for all sizes around the world.
“It is incredibly exciting to join forces with First Data as we streamline eCommerce and reduce transaction costs for businesses around the world”
“Our global clients conduct business in-store and online, and we are constantly working to give them the most powerful eCommerce assets to make transactions simple, seamless, and secure for their customers,” said Frank Bisignano, Chairman and CEO, First Data. “Acculynk has established itself as a leading technology innovator, and its debit routing technology allows First Data to broaden our eCommerce offerings for existing clients and new prospects. Ashish Bahl and his team will strengthen our already formidable eCommerce capabilities.”
Acculynk’s unique and one of a kind debit routing technology allows merchants to process online debit payments through one of the most cost-effective available debit network, lending a helping hand to merchants in reducing their total cost of acceptance.
Additionally, Acculynk’s True Debit gateway via PaySecure decreases fraud rates substantially, expedites payment settlement, and creates a consumer experience with less friction.
“It is incredibly exciting to join forces with First Data as we streamline eCommerce and reduce transaction costs for businesses around the world,” said Ashish Bahl, Chairman and CEO, Acculynk. “First Data’s unrivaled global scale and distribution will greatly expand the footprint of PaySecure, providing benefit to merchants looking to simplify debit card eCommerce transactions for consumers around the world.”