Orbiscom is a Dublin-based software firm that provides electronic payment software for major financial institutions. The move will cost MA upwards of $100 million, but will help them follow up with the success of their 2008-launched payment method -- Mastercard InControl.
MA acquired Orbiscom for upwards of $100 million. Orbiscom creates electronic payment projects for financial institutions. The move will help MA follow up its 2008-released payment method Mastercard InControl.
MasterCard earned $322 million in the third quarter. Net revenue also increased 24 percent to $1.34 billion from $1.08 billion. The increases were caused by pricing strategies and agressively cutting expenses.
MasterCard reported a 63% rise in 3rd quarter profits to 314 million USD, beating analysts' estimates.