ECS Announces Distribution Agreement with Diebold

FOR IMMEDIATE RELEASE
Pune, Maharashtra, India, Republic of (Free-Press-Release.com) November 2, 2011 -- Relationship will Enable Rapid Expansion into South and Central America

India, Pune, 2nd November 2011: ElectraCard Services (ECS), a leading provider of software solutions and operations support for electronic payment systems, today announced a new distribution agreement with Diebold, Incorporated, a global leader in providing integrated self-service delivery and security systems and services.

The distribution agreement will cover all of South and Central America, Mexico and the Caribbean. Under the agreement, Diebold will provide sales, post-sales implementation and an onsite help desk for all supported regions. The agreement enables future and existing customers to benefit through local support and thought leadership, which is highly desirable given the regional nuances of providing payment solutions in South and Central America.

“This alliance will ultimately allow ECS to rapidly expand into Latin America and leverage Diebold’s local presence and relationships with end users,” said Dale Van Stratten, Sr Vice President-Americas at ECS. “It enables us to quickly deploy our solution set while still providing superior end user support and customer care operations. We will be leveraging Diebold’s ‘Center of Excellence’ approach to provide client care and services operations.”

“We are excited about this new relationship and welcome the many opportunities it will bring,” said Mike Mateo, vice president, Latin America division, Diebold. “This agreement allows Diebold to expand our services offering while solidifying our position as a leading global full-service solution provider.”

“With this agreement, Diebold and ECS are now able to build a fresh and extensive infrastructure,” said Ramesh Mengawade, CEO at ECS. “Others are either merging or consolidating operations throughout Latin America and servicing this market from abroad, which results in a less than an ideal customer experience. Our new approach with Diebold brings us closer to our customers, closely aligning us to the unique needs of the region while leveraging our individual core strengths.”

About ElectraCard Services

ElectraCard Services, a subsidiary of Opus Software Solutions, provides business critical applications and third party processing services for credit and payments management industry across the world. ECS is a PCI DSS certified Third Party Processor (TPP) for MasterCard® and VISA® across the issuing and acquiring spectrum of the electronic payments business. MasterCard Worldwide also has a strategic investment of 12.5% in ElectraCard Services.

www.electracard.com
www.opussoft.com

About Diebold
Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 16,000 associates with representation in nearly 90 countries worldwide and is headquartered in the Canton, Ohio region, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's website at www.diebold.com.