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Orbiscom

Welcome to the News View for "Orbiscom".

Here, on these archive pages, you'll find all of the articles on Payments News for Orbiscom listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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January 05, 2009

MasterCard Acquires Orbiscom

MasterCard Incorporated has announced the acquisition of Orbiscom Ltd., a Dublin, Ireland-based leading payments solutions software provider for major financial institutions. According to MasterCard, the purchase price is approximately $100 million, a portion of which is contingent upon the future performance of Orbiscom's business. READ MORE »

April 16, 2008

Orbiscom Promotes Single Use Card Number Offering

In a press release, Orbiscom has announced that 'millions of consumers are taking control over risks from identity theft and online fraud with a free security service from Orbiscom. The service is available from credit card and online payment issuers and generates disposable numbers linked to a real account that can only be used within constraints specified by the card holder. As a result, merchants and unauthorized persons are prevented from seeing direct financial details in transactions that do not require the physical card, like online or by phone.' READ MORE »

September 11, 2007

MasterCard, Orbisom Create MasterCard inControl Platform

MasterCard and Orbiscom have announced an agreement to create MasterCard inControl - what the companies call an "innovative platform that offers an array of advanced authorization, transaction routing and alert controls designed to enable issuers to more quickly and cost-efficiently introduce new and enhanced products."

READ MORE »

July 04, 2006

PayPal's Two-Phase Rollout Of Virtual Debit Card

Digital Transactions reports that "PayPal will start rolling out its so-called virtual debit card to “hundreds of thousands” of users some time this month in a process it expects to complete by the end of August." Using software from Orbiscom that is downloaded by the consumer, a single use MasterCard Debit account number is generated which can then be used at any MasterCard accepting ecommerce merchant. No changes are required by merchants to handle these transactions - effectively extending PayPal's reach to essentially all off-eBay ecommerce merchants.

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