ElectraCard Services’ electraDEBIT™ powers the debut of MasterCard® debit cards in Kenya for Southern Credit Banking Corporation

SCBC, a dominant player in the credit card business in Kenya , now ventures into debit card market

Pune, 10th September 2009 (AllPayNews.com) - electraDEBIT, an ElectraCard Services’ offering, is now providing technology to Southern Credit Bank’s MasterCard debit card, the first MasterCard® debit card in Kenya. ElectraCard Services, a leading provider of software solutions for electronic payment systems, has provided this product to Southern Credit Banking Corporation’s (SCBC) flagship brand, ‘Senator Cards’.

SCBC has dominated the credit card market in Kenya with the Senator Cards brand. Senator Cards were the first charge cards in Kenya. Today the brand commands a substantial share of the card business in Kenya under Visa®, MasterCard® and the Senator Private Label for local use. electraDEBIT, as technology partner, will facilitate ease and convenience of transactions to SCBC customers at more outlets.

Speaking on this occasion, Mr. Ramesh Mengawade, CEO, ElectraCard Services said, “The Southern Credit Bank MasterCard® debit card will help the customers of SCBC to transact anywhere in the world. electraDEBIT will not only assist the Southern Credit Bank Corporation to provide more convenience to its customers but also help them strengthen their position as a market leader in electronic payment solutions.”

About ElectraCard Services

ElectraCard Services (ECS), 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. ECS is one of the few payment processing companies in India to have their own range of products with an IPR under the name of ‘electra’. 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
www.opussoft.com

Manju Nandwani
ElectraCard Services/ Opus Software
M: +91 93 256 86 403
manju.nandwani@opussoft.com

Shyamli Biswas/ Priyanka K.
Sampark PR
M: +91 9860710142/ 9970190770
shyamli.biswas@sampark.com
priyanka.kanawat@sampark.com