Credorax and AMD Bring NextGen Payment Processing to Online Merchants and IPSPs
BOSTON, Dec. 20, 2011 /PRNewswire/ — Credorax, a leading developer of next generation technology for the processing of online payment transactions, and a Financial Institution licensed under the EU Payment Services Directive (PSD), announced today that it has selected AMD (NYSE: AMD) Opteron(TM) processors for its proprietary NextGen ePower(TM)( )Payment Processing and Acquiring Platform.
Through this collaboration, the AMD Opteron technology, which features up to 16 processor cores per CPU to enhance performance when combined with Credorax’s technology, will help establish a new industry standard in online payment processing and value-added end-to-end services to merchants and Internet Payment Service Providers (IPSPs) worldwide.
Credorax provides advanced online payments, business intelligence and value-added business optimization tools to help grow online merchant businesses. With its incredible performance for parallel applications, AMD Opteron processors will help increase operational services backed by ePower, Credorax’s proprietary cloud-architecture payment processing system with advanced production techniques for fraud management, analysis and velocity data checks.
“AMD technology enhances ePower with the high performance, scalability and reliability we need to continue to provide our customers and partners with NextGen technology and first-class services,” said Michael J. Ellis, chief information officer of Credorax. “Together, we’re building a world-class system that supports Credorax’s high business growth and global coverage.”
“The highly parallel processing capabilities of the new AMD Opteron processors are uniquely suited for the rigorous high-volume online payment processing market, and will help Credorax’s NextGen ePower solution process as many payment transactions that the network can support,” said Paul Struhsaker, corporate vice president and general manager, Commercial Business, AMD. “Our robust family of server processors is powering ecommerce with innovative companies like Credorax, bringing next-generation technology and value-added services to the world of online payment processing.”
Credorax is unique in that it owns both the hardware and software of the ePower platform, allowing it to optimize each system, respectively. Additionally, the platform’s web-based nature favors hardware environments with multiple memory channels and high core-counts, making it a natural fit for AMD-based systems. Similarly, the unique architecture of the AMD Opteron processor also makes it ideal for the demands of high-transaction rate applications and platforms in the online processing market.
Featuring Direct Connect Architecture, an integrated memory controller and HyperTransport(TM) technology for additional memory bandwidth, speed gains, low latency and superior scalability, AMD Opteron processors with Credorax’s next-generation technology deliver the right mix of performance, reliability and scalability for large-scale ecommerce payment processing.
Credorax provides online payment processing & acquiring bank services under one roof, to a diverse range of online merchants and IPSPs, worldwide. Credorax provides smart acquiring solutions backed by next generation technology. Credorax customers enjoy seamless integration payment services, excellent rates, high transaction approval rates and a wide range of value-added customer services.
Credorax is a licensed financial institution and a Visa and MasterCard principal member.