Orbiscom was an electronic payments company based in Dublin, Ireland.[1] Orbiscom developed Controlled Payment Number technology to generate transaction-unique numbers for credit cards, preventing fraud by masking the original card number.[2] The company was founded in 1999 by Graham O'Donnell and Ian Flitcroft. In 2009, Orbiscom was acquired by Mastercard for €72.4 million and became a wholly owned subsidiary still trading under the Orbiscom name.[3][4][5]
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1999 in Dublin, Ireland |
| Founders |
|
| Defunct | 2009-01-05 |
| Fate | Acquired on January 5, 2009 |
| Headquarters | Dublin , Ireland |
| Owners | HgCapital |
Number of employees | 50 (2009) |
References
edit- ^ "Orbiscom raises $17.5m funding". Independent.ie. Retrieved 21 December 2018.
- ^ silicon (3 April 2003). "Orbiscom in credit card payments pact with HP - Enterprise | siliconrepublic.com - Ireland's Technology News Service". Silicon Republic. Retrieved 21 December 2018.
- ^ Collins, John. "MasterCard pays $100m to acquire Irish-based Orbiscom". The Irish Times. Retrieved 21 December 2018.
- ^ Arnold, Martin (5 January 2009). "MasterCard acquires Orbiscom". Financial Times. Retrieved 21 December 2018.
- ^ "UPDATE 2-MasterCard acquires software provider Orbiscom". Reuters. 5 January 2009. Retrieved 21 December 2018.