Jet Infosystems Successfully Implements Innovative Payment Gateway at Vimplecom Utilizing the Kabira™ Transaction Platform
VimpelCom has selected Jet Infosystems to develop and implement its new mobile payment system with Kabira Transaction Platform™ to support its business expansion.
Moscow - Russia and San Mateo, CA - USA — 17 January 2008 — Jet Infosystems, a leading system integrator in Russia and the CIS, and Kabira Technologies, a leader in high performance transaction processing software, today announced the successful deployment and implementation of a new Payment Processing System, the 'Beepay XP' on the Kabira Transaction Platform (KTP) at VimpelCom, operating under the 'Beeline' brand.
Since 2001, VimpelCom has operated its ‘Beepay’ system, developed in-house by its own IT specialists, for processing subscriber payments. In order to fulfill its expansion strategy, it was mandatory to modernize the Beepay platform, and VimpelCom decided to rely on a modern infrastructure providing scalability, robustness and flexibility for the creation and management of real-time mobile payment products.
VimpelCom selected Jet Infosystems for its experience and the expertise of its teams in designing and developing similar types of systems. A contract for the development and implementation of the new payment processing system was signed at the end of 2005, and on the April 1, 2006, the first transaction through the new 'Beepay XP’ system took place, using a mobile communication unified payment card.
The new ‘Beepay ХР’ system was developed on KTP, the Kabira Transaction Platform, designed by the American software vendor, Kabira Technologies. 'Beepay XP' benefits from the very high transaction throughput and availability of the 64-bit memory-resident Kabira Transaction Platform™ to support several hundred business transactions per second and scale beyond. Since January, 2008 all payments for VimpelCom services are processed via Beepay ХР, the new payment system. Today the system processes more than 6 million transactions per a day.
The new 'Beepay XP' platform supports payments through different channels (cash, ATM, credit cards, mobile device), cards management, a significant number of partner payment points, and multiple charging systems. It facilitates the launch of value-added payment services like balance transfer. Vladimir Filippov, vice president for architecture and development at VimpelCom commented, "Since the preceding ‘Beepay’ payment system had reached its technological limitations and could not further support growth in transactions and for the introduction of new services, we needed a new system. The aim of the project was the creation within VimpelCom of a payment plan that was advanced and modern in terms of the corporate architecture. The project has produced just such a system, which not only easily deals with the increasing number of transactions conducted, but also provides a new functional approach. Thanks to this, we have acquired an extra competitive advantage for our business activity. A major contribution to the success of the project was the support provided by our IT partner Jet Infosystems.”
“In developing the new ’Beepay ХР’ payment system, we first looked at the commercial approach of the customer. The application of progressive IT approaches has allowed VimpelCom to provide subscribers with a high level of service and continuously broaden the list of services offered, which demonstrates the high potential of the company within the market," said Andrei Samoilov, director of customer services at Jet Infosystems. "We are grateful to VimpelCom for the confidence they have placed in us and for providing the opportunity to implement this challenging and important project. Participation in this project has expanded the expertise of our specialists."
"Our Kabira Transaction Processing platform is a proven platform that provides all the necessary requirements with regard to delivering a carrier-grade level of performance, scalability and robustness. Our KTP platform offers extraordinary scaling performance and should therefore secure the quality of service requested by VimpelCom to meet its business objectives," said Jean-Bernard Guyonnaud, Vice President Sales EMEAR for Kabira. "We are extremely pleased with our partnership with Jet Infosystems and with this first implementation of the Kabira Transaction Platform in Russia. This project adds to the excellent track record for KTP implementations at Tier One operators and corporate organizations in Financial Services worldwide."
About The VimpelCom Group
The VimpelCom Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia. The VimpelCom Group's GSM and 3G license portfolio covers a territory with a population of about 250 million. This includes the entire territories of Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".
About Jet Infosystems
Jet Infosystems is one of the largest solution providers in Russia and CIS countries. The company provides a wide range of services in developing, designing, and maintaining highly reliable computing systems and networks, solutions on information systems management, as well as organizing IT department activities, information security solutions, special banking system implementation. The company has representative offices in Russia - eight cities spreading from Saint Petersburg and Krasnodar to Vladivostok - in Ukraine, Kazakhstan, and Azerbaidzhan, and is realizing projects in Pakistan, Armenia Georgia, Tadzhikistan and Uzbekistan.
