Mastercard has acquired 12.5 per cent stake in Pune-based third-party payment services provider ElectraCard Services (ECS).
Founded in 2006, ECS provides third party processing services and software for credit, debit and prepaid cards and EFT switching solutions to banks across 25 countries. ECS’ electrasuite offers insight and capabilities to process a variety of payment transactions in real time. In India, ECS is the largest third party processor for cards, and the market leader in Internet payment gateway solutions.
“Our investment in ECS enhances our processing capabilities and other product offerings to help us develop a stronger presence – especially in emerging markets – to better support our customers with solutions that meet their specific local needs while leveraging the global power of the MasterCard Worldwide Network, the most comprehensive, dynamic and efficient in the industry.”- PR
—
Aircel Launches Tele Healthcare
Aircel launched the first tele-healthcare delivery on mobile in association with the Apollo Hospitals Group. ‘Aircel Apollo Mobile HealthCare’ will address the healthcare needs of the masses through tele-medicine, providing online interactive healthcare in real-time basis by utilising modern technology and telecommunications.
Priced at Rs. 45/ (to be launched in Chennai and Tamil Nadu circles), the new service will allow patients to consult physicians and specialists over video for immediate health care needs.
Mumbai Survey – 60 % prepaid SIM procured using fake documents
City police in a survey has found that 60 per cent of prepaid were procured using fake documents here.
“Besides, mobile service providers, the city police held vendors equally responsible for providing prepaid SIM cards without proper verification and cracked down on them, prompting several shops in city and suburbs to put up a notice saying “Sim Cards Not Available.” – source.
Blackberry Case
Indian government has got manual access to Blackberry messenger, i.e. security agencies are getting manual printouts of chat messages within four to five hours of placing their requirements with RIM.
The government expects to get automated access by Jan 1, 2011 – source.
