In addition, Acculynk and PayPlum will form a strategic partnership whereby PayPlum will be a reseller of the enhanced solution to new and existing customers. The deal is expected to close shortly.

Acculynk is acquiring PayPlum’s entire IP portfolio that includes a unique, patent pending messaging protocol technology to safely and securely accept and transport sensitive cardholder data and leverage tokenization and PCI scope reduction strategies. PayPlum’s hosted acceptance functionality encapsulates tools such as PCI compliance, merchant control, fraud mitigation and a hosted payment form acceptor, which offers more functionality than a traditional hosted pay page offers. In addition, Acculynk will also acquire PayPlum’s “one-page check out”. The hosted acceptance functionality combined with the one-page check out, offers merchants a truly unique experience and unparalleled offering in the industry. The tools of PayPlum will be integrated into Acculynk’s global gateway solution. Specifically, the Leap Lock solution offered by PayLeap will incorporate many of the tools acquired from PayPlum complemented with its existing capabilities.

“We are very excited about this relationship,” said Monish Bahl, SVP Business Development. “The technology being acquired will further push our Leap Lock solution ahead relative to the competitive landscape. We look forward to offering this solution to both our new and existing customer base.”

The new integrated offering is expected to formally launch in mid-December 2014 and will include a platform that delivers a full suite of secure payment solutions for different processing environments.

“We are excited to work with Acculynk to offer a unique payment solution,” said Gregory McGraw, CEO & Co-Founder of PayPlum. “We believe that Acculynk is tho; said Gregory McGraw, CEO & Co-Founder of PayPlum. “We believe that Acculynk is the right partner for us and we look forward to a long and fruitful relationship.”