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Acculynk Buys IP From PayPlum

Tuesday, November 25, 2014 5:16:00 AM PDT | VentureDeal
   Atlanta, Georgia  --  Payment processing technology company Acculynk has acquired certain intellectual property from PCI developer PayPlum.

Acculynk said it is acquiring the entire IP portfolio for unique messaging protocol technology that safely and securely enables merchants to accept and transport sensitive cardholder data.

The hosted functionality includes tools such as PCI compliance, merchant control and fraud mitigation.

Acculynk said it will also acquire "one-page checkout" technologies developed by PayPlum.

Financial terms of the intellectual property acquisition agreement were not disclosed by the parties.

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PCI - Level1