Acculynk's recently acquired PayLeap unit will integrate mobile payments technology developed by Spindle to enhance its product offering for small and midsize merchants.
PayLeap provides a gateway for online merchants and also offers in-person and mail/phone order processing capabilities. Scottsdale, Ariz.-based Spindle's system includes consumer- and merchant-facing mobile payments, couponing, loyalty, and advertising capabilities.
Atlanta-based Acculynk's PIN-debit technology has traditionally been targeted to large retailers with an online presence, including American Airlines. After the September 2012 acquisition, Acculynk integrated its online PIN-debit technology with PayLeap's platform to position itself to serve smaller merchants, renaming the division Acculynk Direct.
"This partnership represents an alliance between two organizations that have a track record for delivering frictionless payment solutions to merchants," said Acculynk CEO Ashish Bahl, in a Feb. 6 release. "Becoming part of the large and growing Spindle eco-system is a strategic opportunity for us to increase our reach and serve the needs of customers across the payments world."
The announcement follows a recently announced partnership between Spindle and point of sale technology distributor Integrated Payments.