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AurionPro Solutions Ltd., an India-based provider of electronic-payment and technology-consulting services, reported Wednesday that it has recently invested in PaySimple, a U.S.-based supplier of ASP-based financial services. Terms of the deal were not disclosed. However, AurionPro said it has acquired a "strategic stake" in PaySimple, a seat on PaySimple's board of directors and a long-term development contract. Headquartered in Denver, PaySimple provides customized ASP solutions that include auto-recurring billing, electronic check processing, online payment functionality, ACH direct-debit, cash disbursement and credit card processing. AurionPro is headquartered in Mumbai. Its clients include HDFC Bank, Centurion Bank and UTI Bank.
posted on Wednesday, October 17, 2007 (Link to more information)

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