Comdata(R) Processing Systems (CPS) Unveils New Robust Transaction Processing Payments Platform
2008-07-16 02:00:00
Comdata® Processing Systems (CPS) Unveils New Robust Transaction Processing Payments Platform
Kabira Payment SwitchTM Technology Enables CPS to Meet Customers’ Escalating Expansion and Reliability Requirements
LOUISVILLE, KY and SAN MATEO, CA–(EMWNews – July 16, 2008) – Comdata Processing Systems
(CPS), a leading merchant processor, and Kabira® Technologies, Inc., the
leader in extreme transaction processing technology for payments, today
announce the implementation of a new, highly reliable payments transaction
processing platform. Designed to easily address the current rigorous
business requirements for merchant transactions, the CPS platform is also
engineered to support the long-term business growth of its customers.
Comdata selected Kabira technology because of its proven capability to
deliver highly reliable and high-performance software on open systems for
some of the largest payments processing organizations in the world.
Kabira’s memory resident architecture, which pairs logic and transaction
data “in memory,” enables it to produce transaction speeds that far exceed
that of alternatives, including grid technology.
“We selected Kabira technology for our payments switch, because CPS handles
mission-critical payments processes for our customers,” said Rod Katzfey,
senior vice president and general manager of CPS. “This responsibility to
our customers compels us to use technology that has been proven to be as
robust and scalable as required by the most demanding circumstances.”
Kabira’s reliability, availability and flexibility of its architecture will
allow CPS to bring new solutions to market much faster.
“Kabira technology has a reputation for delivering high-availability on
open systems hardware that was previously only thought to be obtainable
from mainframe solutions,” said Paul Sutton, president and chief executive
officer of Kabira. “But our products are actually built to deliver on
three dimensions — the need for higher performance, the need to better
manage costs and the need for business flexibility,” continued Sutton. “Our
Payment Switch, like all Kabira extreme transaction processing products, is
architected to not only deliver extreme performance, but extreme ROI and
extreme time-to-market as well.”
CPS will be leveraging this flexibility to provide improved processing,
risk management and PCI compliance capabilities to its customers, allowing
the company to quickly respond to market needs.
About Kabira Technologies, Inc.
Kabira Technologies, Inc. (“Kabira”) provides proven “extreme transaction
processing” software for large enterprises. Its products are designed to
meet the demanding requirements of real-time, always-on business processes.
Kabira supports mission-critical business applications, including card
payment processing and real-time telecom services charging and
provisioning. Kabira software can be implemented rapidly with much higher
performance and at substantially less cost than other alternatives. Kabira
has installed its products at over 100 customers in 40 countries. VISA, ATT
Corp., France Telecom, Bank of America, Alcatel and others rely on Kabira
to support some of their vital real-time business processes. Kabira
Technologies is a privately held company.
Kabira™, Kabira Charging, Kabira Payments, Kabira Fluency™, the
Kabira logo and certain other trade names, trademarks and logos which may
be registered in the United States, are owned by Kabira Technologies, Inc.
or its affiliates. These marks may not be used in connection with any
product or service that does not belong to Kabira, unless expressly
permitted by a license with Kabira, and may not be used in any manner
likely to cause confusion among customers nor in any manner that disparages
or discredits Kabira, its licensor, its subsidiaries or affiliates.
All other trademarks are the property of their respective owners.
About Comdata
Comdata® Corporation is redefining the movement of money and information
through innovative payment solutions. Comdata provides custom solutions for
a wide range of industries such as transportation, retail, government
services, aviation, construction, service businesses, restaurants and
hospitality. Innovative electronic payment solutions range from credit and
debit cards, fleet, fuel, payroll, purchasing and T&E. Comdata’s platforms
support both its proprietary and branded card networks. Headquartered in
Brentwood, Tennessee, Comdata employs more than 1,100 people.
About SVS
Stored Value Solutions provides custom gift card solutions for prepaid
cards, loyalty and B2B applications for a diverse set of clients including
retailers, airlines, casinos and e-tailers. As a leading provider of
magnetic stripe gift cards, Stored Value Solutions serves six of the top
ten U.S. retailers and annually processes 625 million transactions for 600
clients and their 580 million cardholders. In 2006, Stored Value Solutions
acquired HQ Gift Cards, a provider of gift card mall programs that provides
management operation services for over 200 malls nationwide. Stored Value
Solutions is based in Louisville, KY, employs more than 400 people, and is
owned by Minneapolis-based Ceridian Corporation. www.storedvalue.com
About Ceridian
Ceridian Corp. is a business services company that helps its customers
maximize the power of their people, lower their costs and focus on what
they do best. The company’s suite of innovative managed human resource
solutions includes payroll and compensation, employee benefits
administration, staffing, compliance, HR administration and Employee
Assistance Programs (EAP), work-life and health and productivity solutions.
Ceridian serves businesses and employees in the United States, Canada and
Europe. For more information about the human resource outsourcing company’s
comprehensive array of solutions, visit www.ceridian.com or call (800)
729-7655. Through its Comdata and Stored Value Solutions (SVS)
subsidiaries, Ceridian is a major payment processor and issuer of credit
cards, debit cards and stored value cards, primarily for the trucking and
retail industries in the United States. www.ceridian.com
Press Contact for Kabira: Sharon Kawaguchi 650.931.3700 Press Contact for CPS: |
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