First Data is bulking up its e-commerce capabilities with an agreement to buy Acculynk.

The deal unites First Data's e-commerce offerings with Acculynk's PaySecure debit routing system, the companies said in a Thursday press release.

PaySecure allows e-commerce merchants to route debit payments over the lowest-cost rails available. As part of the acquisition, which has yet to close, First Data also gets Acculynk's PayGov government bill pay system and its Payzur P-to-P offering. Acculynk's other offerings address fraud and settlement times.

"Acculynk has established itself as a leading technology innovator, and its debit routing technology allows First Data to broaden our e-commerce offerings for existing clients and new prospects," said Frank Bisignano, First Data's chairman and CEO, in the release.

Daniel Wolfe

Daniel Wolfe

Daniel Wolfe is editor in chief at PaymentsSource and a contributing editor at American Banker.