ElectraCard Services (ECS) provides the electraSWITCH™ solution to
Futurebank in Bahrain

 Deal marks ECS’ foray in the lucrative Bahrain market

 Pune, February 18, 2010: ElectraCard Services (ECS), a leading provider of software solutions for electronic payment systems, has signed an agreement with Bahrain-based Futurebank to upgrade the bank’s ATM software with the ElectraCard Services’ EFT solution, electraSWITCH.

electraSWITCH is an advanced payment platform that addresses some of the most complex business and technical challenges faced by the banking industry today. It deals with processing and routing of transactions originating across delivery channels such as ATMs, BNAs, POS or new age channels such as internet, mobile and IVR systems.

Commenting on this technological enhancement Dr. Valiollah Seif, Chief Executive Officer and Managing Director, Futurebank, said, “With Futurebank’s vision and ElectraCard Services’ technological expertise, this partnership is set to evolve the payments landscape in Bahrain.”

 “This is our first foray into Bahrain’s burgeoning marketplace,” said Ramesh Mengawade, Chief Executive Officer, ElectraCard Services. “Having tested and perfected our product in more than twenty countries, we are confident that Futurebank’s customers and Bahrain will benefit from our innovative solutions.”

About ElectraCard Services

ElectraCard Services, a wholly owned subsidiary of Opus Software Solutions, provides third party processing services for credit and payments management across the world. ECS is a PCI DSS certified Third Party Processor (TPP) for MasterCard® and VISA® across the issuing and acquiring side. Its deep domain knowledge, extensive global experience and cost effective solutions address the speed to market and flexibility challenges of today’s market.

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, smart cards, 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

 ®MasterCard is a registered trademark of MasterCard International, Incorporated.

®VISA is a registered trademark of VISA International Service Association.

electraSWITCH is under trademark and copyright by ElectraCard Services.

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