MasterCard to Buy Pune’s Elec­traCard Ser­vices

The Economic Times - - Companies -

MasterCard on Mon­day said it will ac­quire Pune-based elec­tronic pay­ment soft­ware firm Elec­traCard Ser­vices (ECS), which had its sys­tems at­tacked in a $45-mil­lion global ATM heist, for an undis­closed amount. The move will help MasterCard, which pre­vi­ously had a mi­nor­ity in­vest­ment in ECS, ex­pand its prod­uct of­fer­ings. MasterCard en­tered into an agree­ment with Opus Soft­ware So­lu­tions to ac­quire its sub­sidiary, Elec­traCard Ser­vices, the com­pa­nies said in a joint state­ment.

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