Kabira Payments 2.0 has a unique architectural design that allows businesses to maintain positive margin, even on low-value transactions, because of its inherent integration across payment types. This design also ensures a higher level of consistency and resource utilisation for card acquirers since common elements such as fraud detection and merchant look-up, are centralised and shared between payment types. Moreover, Kabiraâs low-latency infrastructure incorporates fraud-detection directly in the path of the transaction, thus improving the ability to detect attempted fraud without negatively affecting duration of the payment transaction. And, like all Kabira software solutions, Kabira Payments 2.0 is built to operate on open systems hardware, further reducing total cost of operation.
âThe card acquirer market is under enormous pressure to produce alternative payment vehicles and options in order to meet stiff competition and escalating consumer expectations,â said Paul Sutton, president and chief executive officer of Kabira. âHowever, in the haste to meet those challenges, many organizations neglected to build a high-performance system to effectively process all those different transactions types.â âThose organizations find themselves caught in a downward spiral of inefficiency as they are burdened with separate silos of transaction processing and fraud detection systems for each payment type.â âFor these organisations, the goal of rapidly and cost-effectively implementing new payment offerings is presently unattainable,â Sutton added.
Failure to deliver services that increase the value to their merchant base results in increased turnover. This prevents acquiring institutions from driving business growth and maintaining profitability. To address this situation, Kabira Payments 2.0 is developed with unique memory resident technology that enables Acquirers and Payments Processors to tap into information regarding payment types, merchant profile and class of products purchased. This allows businesses to deliver real-time value-added services to merchants without impacting the service level agreements associated with transaction processing.
âReal-time value added services enable Acquirers to build new revenue streams as well as reduce merchant turnover,â explained Kaushik Roy, director of product marketing for financial services at Kabira. âFor instance, Acquirers can provide merchants with real-time metrics that demonstrate performance against service-level agreement objectives, deploy multiple rules-based fraud detection techniques in real-time or offer on-the-spot discounts.â
With Kabira Payments 2.0, acquiring institutions have the opportunity to fulfill the dual objectives of rapidly delivering innovative new services, while still obtaining additional operational savings.