SOURCE: Kabira Technologies, Inc.

July 16, 2008 03:00 ET

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

Kabira Payment Switch™ Technology Enables CPS to Meet Customers' Escalating Expansion and Reliability Requirements

LOUISVILLE, KY and SAN MATEO, CA--(Marketwire - 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

Contact Information

  • Press Contact for Kabira:
    Sharon Kawaguchi
    650.931.3700
    Email Contact

    Press Contact for CPS:
    Trisha Torrado
    615-376-8601
    Email Contact