Q2 partners Acculynk on P2P payments

Source: Q2 Holdings

Q2 Holdings, Inc. (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.”

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