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ElectraCard Services Private Limited

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ElectraCard Services (ECS) Appoints Mr. Chetan Naik as President- Sales and Marketing

Pune, India, December 19, 2009 --( ECS, a leading provider of software solutions for electronic payment systems announced the appointment of Mr. Chetan Naik as President- Sales and Marketing with effect from 1st December 2009. He will oversee the sales and marketing function at ElectraCard Services.

Mr. Naik brings with him more than 23 years of extensive experience in sales & marketing in the IT industry across multiple geographies.

Commenting on Mr. Chetan Naik’s appointment, Mr. Ramesh Mengawade, CEO, ElectraCard Services, said, “We are delighted to have Chetan as part of our senior management team. He will play a vital role in strategizing and driving ECS closer its vision mission. I am confident that his vast experience in the field of sales and marketing will help us to deliver an experience to our existing and prospective customers that will not only give us a competitive edge but also set new industry benchmarks.”

After completely his electrical and electronics engineering from BITS Pilani and post graduation in marketing management from JBIMS, Mr. Naik has worked with Wipro, Ramco Systems, Mastek. His last position was with IBM, as Vice President-General Business India (West).

About ElectraCard Services

ElectraCard Services, 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. 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.

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

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

Contact Information
ElectraCard Services Private Limited
Manju Nandwani
+91 - 20 - 6627 2100

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