The Hindu Business Line : Opus Software ties up with SVC Financial

OPUS Software Solutions on Friday announced its partnership with the Nasdaq-listed SVC Financial Services, US, to set up and process mobile-enabled card-based payment transactions.

ECS, a 100 per cent subsidiary of Pune-based Opus Software Solutions, which was recently formed to offer "pay-per-use" software services will be the delivery platform for SVC Financial Services in India.

SVC Financial Services will leverage the ECS processing platform based in India in a "pay-per-use" ASP (application service provider) mode. Transactions originating from different parts of the globe will travel to the ECS platform for authorisation in India, the company said here.

"With this partnership, ECS is heralding a new era in outsourcing. This is the first time that `core transaction processing' will be outsourced from the US to an Indian card processor," said Mr Ramesh Mengawade, Chairman of Electra Card Services.

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