NTT Data has implemented the payment transaction platform of Kabira Technologies Inc. The Kabira Transaction Platform and Kabira Financial Payment Switch will be used in the payment transaction business unit of NTT Data, the Credit and Finance Information System (CAFIS). NTT Data will be using the platform for e-payment transaction processing.
Japan’s largest card payment processor, CAFIS says that they currently handle 2.4 billion transactions annually, with transaction volume increasing by approximately 20 percent year over year. In the future they are planning to extend their operations to China.
“Kabira Financial Payment Switch is a very flexible and extensible platform that allows CAFIS to make rapid changes to our existing systems and to extend functionality to meet our specific needs and business conditions and strategies change,” says Masanori Kurihara, the Deputy Manager of the Card Payment Group at NTT Data CAFIS’ Cards and Payment Transaction Business Unit. “We selected Kabira because it provides CAFIS the best of both worlds, security with a high level of reliability and lower cost to help achieve higher profit margins.”
“Consumers are speaking loud and clear and driving the credit card industry in new directions,” says Bradley Rode, the Chief Operating Officer of Kabira. “The payments industry has quickly evolved into a battle over services, and the winners will be those companies that can develop and deliver innovative new services quickly. Additionally, card companies must find a way to reduce the cost per transaction, particularly in light of the rapid growth of micro-payments. With its new channel and service strategy, NTT Data has demonstrated its leadership and industry innovation. Working with Kabira, NTT Data has built a flexible and scalable foundation to deliver on the demands of its new markets and to secure its profit goals.”