2008 Press Releases
19 August 2008
NETWORK FACILITATES LAUNCH OF INTERNET PIN DEBIT PAYMENTS FOR THE TRAVEL INDUSTRY
UATP HELPS ACCULYNK CONNECT TO AIRLINES
Washington, DC- Universal Air Travel Plan (UATP) has partnered with
Acculynk to enable the use of PIN debit cards for online purchases for the travel industry.
Acculynk is the first company in the U.S. to offer a software-only service for online PIN debit
payments that is integrated directly into the airline checkout and requires no consumer
enrollment or redirection.
“Our new partnership with Acculynk will benefit consumers and airlines alike: the consumer gets
their payment option of choice and the airlines have an additional payment option enabled
without any significant IT work,” said Ralph Kaiser, president & CEO, UATP. “With Acculynk,
UATP continues its mission to work with quality partners and provide airlines with new
consumer demand and revenue while lowering the cost of sale; everyone wins.”
“Our partnership with UATP allows their airline partners to implement our service quickly, with
little effort and cost,” said Tom Wilkerson, vice president of business development for Acculynk.
“Our Internet PIN Debit service provides airlines significant value through lower fees, reduced
charge-backs, and new revenue opportunities. Our service does not require any hardware plugin
and securely executes payment transactions in under 6 seconds.”
When consumers arrive at the online airline checkout, they are given the option to pay for their
purchase with PIN debit. Consumers enter their card number and associated information as
they normally would, but the PIN is entered on Acculynk’s graphical, scrambling PIN-pad. The
PIN is encrypted, never passes through the airline checkout, and is processed securely, along
with the card information, across existing payment channels.
PIN debit is a preferred consumer payment option at the brick and mortar point of sale because
it is safe, convenient and easy to use. Acculynk brings the same convenience and security to
the Internet, and allows consumers to leverage a debit card they already have and a PIN they
already know, right at the airline checkout. Internet PIN Debit provides airlines reduced
interchange fees and charge-backs, guaranteed funds with 1-2 day settlement, and new
transactions from security-conscious consumers and those that cannot use their debit card
Acculynk is partnering with several EFT networks to process online PIN debit transactions and
merchant acquirers to deploy the service. For more information, visit http://uatp.com or www.acculynk.com.
Powering Travel Payment™
About UATP
UATP accounts are accepted as a form of payment for corporate business travel by airlines and
travel agencies worldwide. UATP accounts are issued by: Aer Lingus, Air New Zealand,
American Airlines (NYSE: AMR), Austrian Airlines, Continental Airlines (NYSE: CAL), Delta Air
Lines (NYSE:DAL), Japan Airlines (NasdaqOTC: JALSY), Northwest Airlines (NYSE: NWA),
Qantas Airways, Ltd., United Airlines (Nasdaq: UAUA), and US Airways (NYSE: LCC). AirPlus
International issues the UATP-based Company Account for: British Airways (NYSE: BAIRY.PK),
Continental Airlines (NYSE: CAL), and Lufthansa German Airlines.
About Acculynk
Acculynk is a leading technology provider with a suite of software-only services that secure
online transactions. Backed by a powerful encryption and authentication framework protected by
a family of issued and pending patents, our services provide greater security, reliability,
convenience and return on investment for consumers, merchants, networks, issuers and
acquirers. Acculynk is headquartered in Atlanta, Georgia, with a management team that brings
extensive experience in the financial, network, security and payment processing industries. For
more information, visit www.acculynk.com.
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Press Contact: Wendy Ward + 1 202 626 4077 wward@uatp.com
