Cisco will work with next-generation fintech company Credorax to boost data center capacity, minimise latency and improve assurance.
The agreement will allow Credorax to adopt Cisco's data center networking, automation, visibility and management system. Credorax will also beta test Cisco's future monitoring and management products.
Credorax's system network already features cutting-edge high throughput, low latency, and multi-continent redundancy, and Cisco's technology will allow Credorax to push the envelope even further in terms of decreasing transaction latency and increasing throughput.
Cisco's software solution for centralized management and monitoring of network components will play a significant role in Credorax's solutions, simplify their roll-out of new products and reduce ongoing cost of ownership.
“We're thrilled join forces with Cisco. We have always strived to provide best-class service to our customers, and are confident that by incorporating Cisco's network platform for data capacity and processing speed into our NextGen payments and acquiring platform, we are offering our merchants the best technology on the market,” says Credorax CTO and COO Moshe Selfin.
As a licensed merchant acquiring bank, Credorax is a licensed merchant acquiring bank. It helps merchants accept payments through the company's Source gateway.
That platform also offers telecom-grade (99.999%) availability for processing payments, as well as payments products and services such as cards and alternative payment methods, hosted payment pages, advanced KYC screening, smart fraud solutions, and sophisticated business intelligence and data tools.
“Cisco is committed to do its utmost to provide its customers with the most innovative technologies while maintaining uncompromising quality. We are excited to collaborate with Credorax and help them develop the fastest and most reliable payments gateway possible. I am confident that this project is the first milestone for a successful cooperation between the two companies,” comments Cisco Israel general manager Oren Sagi.
Credorax says that Cisco is at the forefront of building the network platform that can now deliver a connected, autonomous, and programmable digital platform for Credorax customers.
Credorax adds that eCommerce merchants cannot survive without best-in-class border payments processing capabilities, particularly in an age where customers demand more, and expectations change.
“Being both a technology company and an acquiring bank, Credorax has built a full suite of NextGen products and services to help merchants grow their business online,” the company says.
“With Cisco's support, Credorax has augmented its offering even further.
Credorax merchants process in over 120 currencies, accept a wide range of alternative payment methods, and get paid in their currency of choice.
Merchants also enjoy best-in-class approval rate optimisation, advanced fraud protection, business intelligence and a host of other value-added services and products.