MasterCard has agreed to purchase Opus Software's electronic payment and card technology subsidiary ElectraCard Services.

The deal is expected to close in the second quarter of 2014. The Purchase, N.Y.-based card network previously had a minority investment in ECS. Financial terms of the new transaction were not disclosed.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.