Archive for February, 2011

NewNet and Perceptive Development to Showcase Secure Mobile Payments Demonstration At the 2011 GSMA-Mobile World Congress

Posted on: February 10th, 2011 by NewNet

Innovators Collaborate to Deliver End-To-End, Standards Based Mobile Payments Solutions 

Shelton, CT – February 10, 2011 – NewNet Communication Technologies, LLC and Perceptive Development, Inc., today announced a joint collaboration to demonstrate an end-to-end secure mobile payment solution at the GSMA Mobile World Congress in Barcelona, Spain on February 14 -17.

The ubiquitous availability of mobile connectivity has spurred many ground-breaking applications and services. Mobile payment solutions are now fundamentally changing the way that payment transactions and services are being deployed. Many large credit card companies, payment acquirers and processing banks, mobile carriers, and a host of innovative new entrants are creating new ways to drive a number of easy to use solutions to the marketplace. A critical component to broad market acceptance and the successful proliferation of mobile commerce and transaction services is the promise to ensure secure access, confidentiality and privacy.

NewNet’s secure access Traxcom products process over 1.5 billion transactions a month and provide secure connectivity that enables the delivery of legacy transaction payment services and brand new services such as mobile payments, e-banking, and e-commerce. Integrated, next generation encryption technology such as the Derived Unique Key Payment Transaction (DUKPT) ensures data confidentiality and safety, and enables carriers to expand current services and enter new markets such as healthcare.

The Perceptive Development FlexTransact portfolio of mobile payment products and software services for mobile solutions are available on a broad variety of smart phone platforms including Apple iPhone®, and Google Android. FlexTransact solutions provide a highly secure, easy to deploy and easy to use credit card payment client solution to meet the growing demand in the marketplace.

“The mobile payments market is growing rapidly and we are excited to host this demonstration of the AccessGuard Platform based, end-to-end solution together with client side product suppliers such as Perceptive Development to deliver the promise of secure, high performance broadband and mobile payment solutions,” said Prasad Kallur, NewNet’s Executive Vice President for Business Development.
“We are very excited to team with NewNet to demonstrate this end-to-end secure mobile payment solution,” said Jim Medeiros, CEO at Perceptive Development. “Our expertise in developing secure payment processing solutions, coupled with NewNet’s payment processing platforms, provides a wonderful opportunity for us to combine efforts. We look to continue to enhance and broaden our relationship with NewNet as this important market evolves.”

The Derived Unique Key Payment Transaction (DUKPT) data encryption enables mobile devices with add-on transaction processing devices, such as magnetic strip card readers, smart card devices and NFC enabled Point of Sale devices, to work together with the AccessGuard Platforms to deliver a highly secure end-to-end mobile payments solution.

NewNet will demonstrate the joint solution and provide briefings at the Mobile World Congress in Barcelona on February 14-17. New Net will be in Hall 1 – Stand 1G03.

About NewNet Communication Technologies, LLC 
NewNet Communication Technologies, LLC is a leading provider of innovative solutions for next generation mobile and fixed line networks. NewNet enables global telecom operators and equipment manufacturers to rapidly develop and deploy cutting edge, revenue-generating applications that deliver feature-rich, value added services. Recognized as a trusted leader in the carrier applications market for over 20 years, NewNet has been synonymous with telecom product excellence and development expertise. The company is committed to providing unparalleled service to its customers. With installations in major carrier networks in over 70 countries, NewNet’s product offerings include: The WiMAX end to end wireless broadband product portfolio; TraxcomSecure® electronic transaction processing solutions, which deliver services such as mobile payments, e-banking, and e-commerce; Mercury, the industry’s most complete purpose-built, mobile multimedia content delivery platform; and the Total Control PDSN platform, which provides economic delivery of premium mobile data services in CDMA networks. Other products include Distributed7, the world’s first standards-based signalling platform, and a short message service center (SMSC), which has been deployed in more than 200 wireless networks worldwide. The company is headquartered in the USA, with sales and support teams located around the world. For more information, visit www.newnet.com

NewNet Launches Traxcom All-IP Secure Transaction Platforms

Posted on: February 7th, 2011 by NewNet

Industry Leading Security and Performance AccessGuard Platforms to Drive Contactless Payments 

Shelton, CT – February 7, 2011 – NewNet Communication Technologies, a Skyview Capital portfolio company and a recognized leader in mobile multimedia content delivery, secure transaction processing and wireless network infrastructure, today announced the launch of its Traxcom AccessGuard portfolio, a suite of extremely secure, high performance, carrier grade transaction processing gateway solutions. The AccessGuard product suite enables mobile carriers, payment processors and acquirers, and financial application providers to expand traditional payment transaction services into the mobile universe and deliver new innovative services on smart phones, Bluetooth enabled devices, and with smart phone applications such as Smart Checks, e-Wallet, Smart Cash and mobile money transfers.

The AccessGuard platforms are fully compliant with Payment Card Interconnect Digital Security Standards (PCI-DSS) and the Derived Unique Key Payment Transaction (DUKPT) cryptography standards. They are designed to deliver the required end-to-end security features including SSL acceleration and offloading, digital certificates, and state-of-the-art DUKPT powered encryption and decryption for client applications. Secure connectivity to host processor systems is provided using IPsec. The AccessGuard portfolio of products support a broad variety of industry standards and vendor proprietary payment protocols including Visa I/II, ISO 8583 and TPDU, enabling interoperability between client protocols and host processor protocols. It provides intelligent routing of transactions to host processing platforms, and supports load balancing and geo-redundant operations.

“The launch of the AccessGuard platforms demonstrates our strong support and commitment to the recently acquired Traxcom business,” said Ron Pyles, President and CEO of NewNet. “Mobile carriers are exploring new services and applications to drive revenue and growth. Our Traxcom product family and our innovative Mercury mobile multimedia content delivery platform are very well positioned to help our customers achieve their financial goals.”

“Globally, mobile payment transactions will exceed $1 trillion by 2014,” said Prasad Kallur, NewNet’s Executive Vice President for Business Development. “Ubiquitous availability of mobile connectivity and the advent of a broad range of smart devices and advanced feature phones will enable customers to deliver new secure transaction services for mobile applications such as payments, banking, money transfers and document exchange by utilizing the versatile feature sets offered by the AccessGuard platforms.”

NewNet will present comprehensive demonstrations of the Traxcom product suite at the Mobile World Congress in Barcelona on February 14-17, 2011. Live demonstrations will illustrate how the AccessGuard platforms provide end-to-end contactless payment solutions utilizing smart phones and Bluetooth swipe devices. NewNet will be in stand 1G03 in Hall 1.

About NewNet Communication Technologies, LLC 
NewNet Communication Technologies, LLC is a leading provider of innovative solutions for next generation mobile and fixed line networks. NewNet enables global telecom operators and equipment manufacturers to rapidly develop and deploy cutting edge, revenue-generating applications that deliver feature-rich, value added services. Recognized as a trusted leader in the carrier applications market for over 20 years, NewNet has been synonymous with telecom product excellence and development expertise. The company is committed to providing unparalleled service to its customers. With installations in major carrier networks in over 70 countries, NewNet’s product offerings include: The WiMAX end to end wireless broadband product portfolio; TraxcomSecure® electronic transaction processing solutions, which deliver services such as mobile payments, e-banking, and e-commerce; Mercury, the industry’s most complete purpose-built, mobile multimedia content delivery platform; and the Total Control PDSN platform, which provides economic delivery of premium mobile data services in CDMA networks. Other products include Distributed7, the world’s first standards-based signalling platform, and a short message service center (SMSC), which has been deployed in more than 200 wireless networks worldwide. The company is headquartered in the USA, with sales and support teams located around the world. For more information, visit www.newnet.com

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