ElectraCard Services (ECS) rated ‘POSITIVE’ in Gartner’s MarketScope

ElectraCard Services (ECS) rated 'POSITIVE' in Gartner's MarketScope



Pune, August 4, 2010: ElectraCard Services (ECS), a leading provider of software solutions for electronic payment systems, has been rated 'POSITIVE' in the latest Gartner research report, 'MarketScope for Multiregional Card Management Software'. The report was published in June 2010 by Kristin R. Moyer.



Gartner evaluated 15 qualified global vendors and rated them as Strong Positive, Positive, Promising, Caution and Strong Negative.



The evaluation criteria for the rating included geographic strategy to meet the specific needs of non-native regions, offering/product strategy, quality of product or service, overall viability in terms of corporate financial health, customer experience, innovation and operational efficiency.



Providing payment solutions for Fortune 500 companies, ECS is one of the oldest payment systems organizations in India and one of the few payment processing companies globally to have their own range of products with an IPR under the name of 'electra'. The electra Suite includes ecommerce, prepaid, debit, credit, switching and fraud management solutions and is known worldwide for its performance, scalability and change responsive nature.



Speaking on the occasion Mr. Ramesh Mengawade, CEO, ElectraCard Services, said, "ECS has always focused on maximizing customer satisfaction by setting benchmarks in quality and performance. Along with applauding the constant endeavors of our team, the 'Positive' rating in the Gartner report reaffirms ECS' position as one of the leading payment solution providers in the world."



About ElectraCard Services

ElectraCard Services, a wholly owned subsidiary of Opus Software Solutions, provides business critical applications and 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, 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



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

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

electra is under trademark and copyright by ElectraCard Services.



The MarketScope is copyrighted 2010 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.



Media Contacts-

Manju Nandwani Shyamli Biswas/ Priyanka K.

ElectraCard Services Sampark PR

M: +91 93 256 86 403 M: +91 9860710142/ 9970190770

manju.nandwani@electracard.com shyamli.biswas@sampark.com/priyanka.kanawat@sampark.com