Orbiscom Explained

Orbiscom Limited
Type:	Private
Industry:	Financial services
Fate:	Acquired on January 5, 2009
Predecessors:	-->
Successors:	-->
Founded:	1999 in Dublin, Ireland
Founders:	Graham O'Donnell Ian Flitcroft
Defunct:	2009-01-05
Hq Location City:	Dublin
Hq Location Country:	Ireland
Areas Served:	-->
Owners:	HgCapital
Num Employees:	50
Num Employees Year:	2009

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]}

Notes and References

1. Web site: Orbiscom raises $17.5m funding. Independent.ie. en. 2018-12-21.
2. Web site: Orbiscom in credit card payments pact with HP - Enterprise siliconrepublic.com - Ireland's Technology News Service. silicon. 2003-04-03. Silicon Republic. en. 2018-12-21.
3. Web site: MasterCard pays $100m to acquire Irish-based Orbiscom. Collins. John. The Irish Times. en. 2018-12-21.
4. Web site: MasterCard acquires Orbiscom. Arnold. Martin. 2009-01-05. Financial Times. 2018-12-21.
5. News: UPDATE 2-MasterCard acquires software provider Orbiscom. 2009-01-05. Reuters. 2018-12-21. en.