drive
Founded in 1996, Kabira Technologies has built a solid reputation
as a transaction processing software vendor, garnering an
impressive array of customers that include Visa, Bank of America
and AT&T, the largest telecommunications company in the US. A
private company, Kabira has also attracted a number of high-profile
investors such as technology giant IBM and Japanese conglomerate
Mitsui Group.
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Building on its success, US-based Kabira has embarked on an
expansion drive that includes recruiting banking and financial
services system integrators in North America and pursuing expanded
partnership arrangements in Europe, Japan, the Middle East, Central
and South America, Africa and Russia.
“We are seeing a tremendous amount of new, transaction-intensive
business opportunities in the financial services and mobile
payments industries,” said Chris Clabaugh, who is Kabira’s
vice-president of business development.
Key to Kabira’s expansion drive is its payments processing system,
which, said Clabaugh, targeted financial institutions that demand
rapid deployment, flexible configuration and the ability to scale
to support millions of customers and billions of transactions every
year.
In this respect, the payment gateway system supplied to Visa’s
North American business unit in 2003 has been among Kabira’s most
impressive. The system, which is capable of handling more than
40,000 messages per second, processes all card authorisations
originating or terminating in North America. This equates to $1.7
trillion in annual transaction volume in the US alone.
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By GlobalDataAccording to Kabira, the Visa system has functioned without a
moment of downtime or loss of service for more than four
years.
