MC inC: "MasterCard inControl" of Orbiscom

MC inC: "MasterCard inControl" of Orbiscom

Posted by John B. Frank Monday, January 5, 2009

After RBS implemented a commercial application called "MC inC," a collaboration between Orbiscom and MC, they have decided to purchase the company.

Deal enhances MasterCard's ability to deliver advanced and customizable payments solutions for today's demanding marketplace

PURCHASE, N.Y., Jan. 5 /PRNewswire-FirstCall/--

MasterCard Incorporated (NYSE: MA) announced today the acquisition of Orbiscom Ltd., a Dublin, Ireland-based leading payments solutions software provider for major financial institutions. The purchase price is approximately $100 million, a portion of which is contingent upon the future performance of Orbiscom's business.

The acquisition builds on the companies' existing partnership that created MasterCard inControl, an innovative platform featuring an array of advanced authorization, transaction routing and alert controls designed to assist financial institutions in creating new and enhanced payment offerings.

In 2008, Royal Bank of Scotland became the first financial institution to implement MasterCard inControl for its commercial card customers.

Click the following link to read the entire press release:MasterCard Acquires Orbiscom to Accelerate Development of Innovative Payment Solutions | MasterCard®

1 Responses to MC inC: "MasterCard inControl" of Orbiscom

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