Credit unions and community banks to benefit from leading payments
technology
AUSTIN, Texas--(BUSINESS WIRE)--
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.”
About Acculynk
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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Source: Q2 Holdings, Inc.