ECS’s electraECOMM is a highly secure, online, real time payment processing solution, supporting all major credit and debit cards from global payment processing networks and multiple currencies. It provides transaction acquiring and processing interfaces to Web Merchants, Customers, EFT Switches & Acquirer Networks.
ElectraCard Services will host the payment gateway and merchant management systems for Union Bank of India from its state-of-the-art data centre in Mumbai. Along with electraECOMM, Union Bank of India has also implemented electraSECURE, a solution that will enable safe online transactions.
Shri Lalit Sinha, General Manager, Union Bank of India said, “Our Bank is one of the forerunners amongst the peer banks in the area of technology banking and payment gateway business fits strategically to our overall value proposition to the target customers. We believe the tie up with ElectraCard Services would be beneficial to both the organizations.”
Mr. Ramesh Mengawade, CEO, ElectraCard Services said, “Handling more than 70% of ecommerce transactions in India, electraECOMM is one of our flagship solutions. We are confident that our platform will provide a superlative ecommerce experience to Union Bank of India customers.”
About ElectraCard Services
ElectraCard Services, a subsidiary of Opus Software Solutions, provides business critical applications and third party processing services for credit and payments management industry across the world. ECS is a PCI DSS certified Third Party Processor (TPP) for MasterCard® and VISA® across the issuing and acquiring spectrum of the electronic payments business. MasterCard Worldwide also has a strategic investment of 12.5% in ElectraCard Services.
ElectraCard Services enables financial institutions, retailers, finance companies and corporations to electronically process, in real-time, any type of payment transaction, including credit, debit, pre-paid, and ACH. In addition to typical back office processing, ECS also offers ecommerce gateway and switching solutions. Its solutions support multiple institutions, multiple currencies, and varying processing requirements on a single platform. By providing comprehensive and flexible solutions that can be deployed to a market of one, ElectraCard Services offers unmatched services and solutions.
www.electracard.com .
www.opussoft.com .
Source: Company press release.
