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Spindle and Acculynk sign distribution agreement

16 June 2014  |  1550 views  |  0 Source: Spindle

Spindle (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced it has signed a strategic agreement with Acculynk, a provider of software-based authentication services for debit cards, to provide merchant aggregation and payment services to US SMB merchants.

As part of this agreement, Acculynk will embed Spindle's real-time merchant aggregation platform into its offering to expedite and board merchants on the Spindle payments platform. In addition, Spindle will refer new merchants to Acculynk for processing and gateway services as well as promote Acculynk's proprietary PIN-debit solution that enables international consumers to purchase goods from US- based merchants.

Acculynk is the parent company of PayLeap, a secure payment processing gateway and an existing Spindle business partner, and owner of PaySecure, the standard for PIN-based transactions for e-commerce and mobile transactions. Spindle's platform currently integrates with PayLeap for online transactions, and the company anticipates that it will be able to integrate Acculynk's mobile accounts onto the Spindle platform without disruption to the merchant.

"We're happy to extend Spindle's market reach through our expanded agreement with Acculynk," said Bill Clark, Spindle's chief executive officer. "Acculynk's foothold in the e-commerce and mobile sectors certainly makes them a valued partner. We see enormous potential in working with Acculynk to deliver a number of compelling solutions that will address the escalating demand for mobile and web-based merchant services."

According to Clark, Spindle and Acculynk are currently collaborating on several new innovations that the companies plan to bring to market, including a number of capabilities that will create benefits for both merchants and consumers through the expanded use of PIN-debit acceptance within a tablet POS application.

"We look forward to working with Spindle," said Ashish Bahl, chief executive officer of Acculynk. "This bi-lateral relationship should be a win-win for both parties, and give Acculynk access to a new and viable universe of customers." 

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