Opus Software Solutions, a provider of software services to the payments industry, has closed a USD 10 million agreement with State Bank of India (SBI) to replace the latter’s existing ATM platform with electraSWITCH.
The deal will power 25,000 ATMs, 500,000 POS devices and kiosks as well as authorize 80 million debit cards by 2011.
The implementation of the service will be made through ElectraCard Sevices, a subsidiary of Opus that provides business applications and third-party processing options for credit and payments management industry across the world.
Additional services provided by Opus include an internet payment gateway, 3-D authentication software, debit card management software and a fraud management service.
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