Oren Sagi, Cisco-Israel General Manager

Malta-based Credorax has announced a partnership with Cisco in a bid to upgrade its data-centre network’s capabilities and capacity.

Through this agreement, Credorax will be able to utilize Cisco’s data centre networking technology and will beta-test Cisco’s monitoring and management products. Cisco’s technology will facilitate simplified product launches and reduced cost of ownership for Credorax as well as assist in decreasing transaction latency and increasing throughput.

Cisco-Israel General Manager, Oren Sagi commented, “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.”

Founded in 2007, Credorax is a licensed NextGen merchant acquiring bank providing cross-border processing for e-commerce and omnichannel payments. The platform offers telecom-grade availability for processing payments as well as a host of payments products and services, including cards and alternative payment methods, hosted payment pages, advanced KYC screening, smart fraud solutions, and sophisticated business intelligence and data tools.

Moshe Selfin, Credorax CTO & COO stated, “We’re thrilled to 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.”

Recently, Credorax selected Temenos’ digital banking platform ‘Temenos T24 Transact’ to expand into new market segments and accelerate time-to-market for its offerings, for enterprises and small businesses.

by Megha Bhattacharya
Market Analyst at IBS Intelligence