Phoenix Payments Selects Kafer, Inc To Develop Modern Banking Platform
The new software will help process credit card and ACH transactions
Online PR News – 13-February-2013 –Kafer, Inc (http://www.kafer.com), the US-based technology solutions company, today announced that it has been contracted by Phoenix Payments (http://www.phoenixpayments.com), a leading provider of electronic payment needs, to develop and build a new core banking platform.
Integrated with the ACH Network, major credit card processors and card brands, the system will process credit card payments, Automated Clearing House (ACH) debits and credits, international bill payment, and all client reporting. The software is being designed for easy integrations for software Value Added Resellers (VAR’s) and will handle millions of dollars in transactions per day.
“Credit card processing and ACH payments can be a challenge for organizations in every industry,” stated Jason Dolittle, Chief Operating Officer at Phoenix Payments. “Many companies today are burdened by complex, aging platforms and want to look toward better and newer technology as part of their business transformation."
The banking platform will be designed to help Phoenix enrich channel capability, drive process improvement and tie it in with their existing applications and technology.
“Combining Kafer’s software development capabilities with Phoenix Payment's requirements, will produce an easy-to-install, high quality platform for their value added resellers,” said Jason Kafer, CEO of Kafer, Inc. “As part of this agreement, we will closely collaborate to develop this piece of software that will achieve higher levels of performance than other products currently on the market.”
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