Business News

Comdata(R) Processing Systems (CPS) Unveils New Robust Transaction Processing Payments Platform

SOURCE:

Kabira Technologies, Inc.

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.

www.kabira.com

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.

www.comdata.com

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:
Trisha Torrado
615-376-8601

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