Q2 partners with Acculynk for real-time person-to-person payment service
AUSTIN, TX (April 14, 2015) — Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of secure virtual banking solutions for regional and community financial institutions, today announced its partnership with payments technology company Acculynk to provide real-time person-to-person (P2P) payment solution through Acculynk’s Payzur service. The leading next-generation P2P payment product provides the fastest, easiest and most secure customer experience for Q2’s more than 360 financial institutions and their end users.
“Today’s consumer has grown accustomed to processing online transactions securely and in real time,” said Adam Anderson, CTO for Q2 Holdings. “However, when it comes to online banking, we found that many payment systems can take up to three days before the funds are available. With the Acculynk Payzur service, funds are available in real time, which is critical for our customers and their end users. As an added benefit we’re able to swiftly integrate the Payzur offering into our Q2platform to ensure that our clients are getting the very best payment capabilities available on the market today.”
Payzur allows financial institution (FI) customers to send funds simply by authenticating the mobile- or web-initiated transaction with their bank issued PIN via Acculynk’s patented online graphical PIN pad. Payzur is simple for customers and because it is not ACH based, there is no enrollment or waiting period to use the service once offered by their FI.
“Q2 has done an excellent job establishing themselves as a leader in the marketplace, and we are pleased to be partnering with them to bring their customers our next-generation P2P payment service,” said Steve Ostroff, general manager, Payzur. “Payzur easily integrates with the Q2platform and can be white labeled for the individual financial institution to ensure the seamless mobile banking experience provided by the Q2platform remains intact.”
Acculynk secures online transactions with a suite of software-only services backed by a patented authentication and encryption framework that provides greater security for issuers, EFT networks, merchants and payment processors. Acculynk’s PaySecure® utilizes a graphical PIN-pad for the secure entry of a consumer’s PIN online and is available to merchants through existing acquirer relationships, enabling speedy implementation. PaySecure is currently enabled on over 6,000 merchant websites.
Acculynk has partnerships with 11 EFT networks to process PaySecure transactions and with six leading payment processors, and is certified with PULSE, First Data and Master Card, among other key industry leaders. Additionally, Acculynk solutions include PayLeap, a gateway and acquiring and card processing services, and Payzur, the only debit-based real-time and 100% white labeled P2P solution. Visit http://www.acculynk.com.
About Q2 Holdings, Inc.
Q2 is a leading provider of secure, cloud-based virtual banking solutions headquartered in Austin, Texas. Q2 enables regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated virtual banking services and engage more effectively with their retail and commercial account holders who expect to bank anytime, anywhere and on any device. Q2’s solutions are often the most frequent point of interaction between its RCFI customers and their account holders. As such, Q2 purpose-built its solutions to deliver a compelling, consistent user experience across digital channels and drive the success of its customers by extending their local brands, enabling improved account holder retention and creating incremental sales opportunities. To learn more about Q2, visit www.q2ebanking.com.
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