Early electronic payment card (EPC) transaction networks required a merchant cashier to write-up and manually enter each transaction. The cashier provided the majority of the transaction support. A customer’s involvement was typically limited to presenting the card and then signing a receipt. At the end of the business day; the merchant processed their EPC transactions with the rest of their sales records.
Secure transport of business critical data has enabled the proliferation of a broad range of financial transactions, e-commerce and e-banking services across the Internet.
PCI requirements for transaction transport are reviewed along with providing detail on how NewNet Secure Transaction systems provide PCI DSS certified confidence.
Driven by increased demand for mobile and electronic commerce, higher data volumes, the proliferation of new devices and emerging network and back-office technologies the payment system is changing.
With a major industry analysis reporting 47,000 reported security incidents and 621 confirmed data breaches in 2013 and with 2,500 data breaches and 1.1 billion compromised records in the last decade, security of transactions is a major issue that needs to be addressed from all parties in the payment ecosystem.
NewNet offers payment transaction transport solutions for secure transaction aggregation, routing & switching of the card/wallet based transactions originating from dial, broadband and mobile POS/POI devices or web/mobile web based payment devices and securely transport these transactions to authorization servers for timely approval of these transactions utilizing the most secure means for transport.