This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Credorax And AMD Bring NextGen Payment Processing To Online Merchants And IPSPs

Stocks in this article: AMD

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™ processors for its proprietary NextGen ePower™ 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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,390.52 +195.10 1.13%
S&P 500 2,018.05 -2.75 -0.14%
NASDAQ 4,630.7410 +64.6030 1.41%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs