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Kabira Technologies, Inc.

Kabira Real-Time Card and Payment Processing Solutions Support Rapid Growth and Evolution of Electronic Payments

San Francisco, CA. (ots)

Kabira Technologies Inc., provider of
the Infrastructure Switch™ software for high-volume, real-time
transactions, announced today that it has released commercial grade
enhancements to its core volume switch architecture that support
payment authorization pre-processing, message gateway functions,
intelligent fraud management, real-time risk management and enable
very-high volumes exceeding fifty thousand messages per second on
standard UNIX system hardware from Sun and HP.
"Electronic payment transaction volumes are increasing rapidly due
to industry consolidation and the advent of new delivery channels,"
said David Marshall, vice president corporate development for Kabira.
"In order for growth to continue, card and non-card payments must
become as reliable as hard cash, with more security and convenience.
Consumers and merchants have come to expect and demand fast response
times as well as consistent service. It is essential that payment
transaction processing systems support high availability,
scalability, and reliability. At the same time,
revenues-per-transaction are declining, and pressure exists to
optimize IT spending and reduce costs by using new technology. Card
and payment processing solutions from Kabira Technologies enhance
real-time authorization systems and can process payment transactions
from any delivery channel, reliably 24 hours a day. We are able to
augment systems for credit and debit cards in addition to newer forms
of electronic payment and contactless payments."
Services are Evolving: Trends in card and non-card payments
include: new switching center technologies; volume increases that
dictate augmentation or upgrades of data centers; new fraud and risk
systems require low-level (close to the network) logic; smaller
transaction sizes require lower cost systems; the need to add 'closed
loop' value to 'open loop' networks; differentiated global services;
and micro-payments models are growing as consumers migrate away from
cash. In order to succeed, card and payment processing solutions
must:
-  Support massive increases in volumes
   -  Significantly lower the cost-per-transaction
   -  Support high-availability and constant-on requirements
   -  Ensure that transaction processing is secure and reliable
   -  Provide access to data across multiple systems
   -  Support faster time-to-market for new products and services
   -  Allow for augmentation to existing legacy systems
Solution highlights:
Kabira's card and payment processing solutions allow providers to
offer new Real-Time Financial Services and extend their existing
platforms as more sophisticated services are planned for
introduction.
The Kabira Infrastructure Switch supports:
-  Transactional volume switch architecture
   -  Network services gateway functions to connect higher-level  
      enterprise applications with global high-speed networks with  
      real-time monitoring and load balancing
   -  Receiving and sending messages across multiple protocols and  
      delivery channels
   -  Real-time, low-level logic for Sender/Cardholder  
      authentication
   -  Low-level business rules can be modified or added without 
      system downtime
   -  Transaction routing to all major networks, processors, and  
      card associations
   -  Stand-in processing capabilities with new services developed 
      in high-level models
   -  Real-time message parsing and matching
   -  Support volumes exceeding fifty thousands of 
      transactions-per-second
   -  Reliability (99.999%) and constant-on availability
   -  Rapid integration of existing legacy platforms, including 
      low-level hardware
   -  Hides complexity of interfaces from application
      developers with software models
   -  Freedom to migrate to new protocols and middleware without  
      redesigning business logic or applications
Related News and Information:
On-Line Card & Payment Processing White Paper:
http://pub.kabira.com/e-docs/card-paymnt-proc.pdf
Presentation Materials for European Card Processing Conference:
http://pub.kabira.com/info/EFMA-Material.pdf
Kabira and VISA - Global Alliance:
http://www.kabira.com/news/pr7_30_03.html
VISA Inks Deal with Kabira for Infrastructure Switch
http://www.kabira.com/news/pr3_12_03.html
About Kabira Technologies Inc.
Kabira Technologies' software makes 'Real-Time Everything' a
reality. Real- time financial transactions are increasing in volume
and complexity. Mobile communications now combines voice, messaging
and multi-media. Because of the instantaneous response needed for
these systems, existing batch processes and offline settlements will
become obsolete. As providers of financial and telecommunications
services move to 'Real-Time Everything', they hit a wall - their
systems and software are not fast enough, robust enough or flexible
enough to keep up with customers. Kabira's software breaks down 'the
wall'.
Kabira makes the software Infrastructure Switch and solution
frameworks for providers of high-speed, high-volume, Real-Time
Everything services. Our software products for wireless, Parlay OSA
Gateway, Message Gateway, Telecom Application Server, Wireless
Middleware, Risk Management, Fraud Management, Revenue Assurance, and
other telecom and financial services are built on the world's most
advanced infrastructure software - delivering solutions of
unparalleled Speed, Flexibility and Scalability. With customers in
more than 30 countries, Kabira's solutions are proven to scale to
tens-of-millions of users and are designed for continuous
modification directly from high-level models and frameworks. Visit
our website www.kabira.com Kabira, Kabira Infrastructure Switch and
ObjectSwitch are trademarks of Kabira Technologies Inc.
All other trademarks are the property of their respective owners.

Contact:

Kabira Contacts:
Grover Righter
VP Marketing
Kabira Technologies
Phone: +1/415/446-5129
E-Mail: grover.righter@kabira.com

Véronique Marquet
Marketing Communications Director
International Kabira Technologies
Phone: +33/1/4451-7892
E-Mail: veronique.marquet@kabira.com

Tom Harvey
Nadel Phelan
Phone: +1/831/440-2404
E-Mail: tom@nadelphelan.com

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