Archive for October, 2017

NewNet Communication Technologies and Spire Payments Showcase Innovative Secure Transaction Cloud (STC) Solution at Money 2020 Vegas

Posted on: October 26th, 2017 by NewNet

 

NewNet’s cloud-based transaction transport and routing platform, Secure Transaction Cloud (STC), is demonstrated on Spire Payments POS range at Money 2020 Vegas

 

Three service models are possible with this virtualized application together with cloud services: Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). Deployed as private, public, hybrid or community cloud solutions, all customer configurations can be accommodated.

In addition to secure transaction routing and transport, the STC solution can accommodate virtualized secure payment applications which reside in the cloud rather than at end-points.

“NewNet’s STC solution enables the acquiring and processing industry with one of the most innovative and advanced payment applications available on the market today. Migration from legacy infrastructures is seamless, while the resulting solution not only exceeds current payment security requirements but also offers significant financial savings.” said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “This new delivery platform allows NewNet to extend its payment gateway technology to new and existing customer segments.”

TK Cheung, President of Spire Payments, adds, “Spire Payments has worked closely with NewNet for many years and the STC solution perfectly aligns with our medium-term strategy. The natural progression to thin client architectures is now gaining traction with our customers thanks to superior communication capabilities combined with Spire’s POS end points (SP range) which utilise the very latest advancements in payment processing. Working collaboratively, Spire and NewNet can now deliver a cloud-based end-to-end solution which not only exceeds current industry security requirements but provides the ideal platform for future developments in payments.”

If you are interested in discovering more please visit booth #1430 at Money 2020, or contact either NewNet or Spire Payments through their respective websites: http://www.newnet.com and http://www.spirepayments.com

 

About NewNet Communication Technologies 
NewNet is one of the premier global providers of next generation mobile technology solutions offering over 25 years of expertise across four businesses: mobile messaging, payment security, interactive voice communications and broadband wireless. Dedicated to innovation, NewNet provides operators and enterprises with a broad range of solutions that are designed to optimize global communication opportunities. NewNet solutions are available in a variety of applications including on-site, hosted, cloud and managed solutions.

 

About Spire Payments 
Transaction.Interaction.Convergence
In a world of converging technologies in which e-commerce, mobile commerce, and social networks cross over into traditional electronic payment, Spire Payments applies its thirty years of expertise to bring to market innovative, highly secure and future proof devices and solutions that promote seamless payment transactions to all end-points around a user experience that is both interactive and rewarding. Spire Payments, a market leading FinTech payment solution provider, is one of the original pioneers to develop world-class secure electronic payment solutions – from fixed, portable and mobile payment solutions to PIN pads and unattended terminals for integration with cash register systems and self-service kiosks.

Serving market segments ranging from the financial and retail to hospitality and transportation and with offices in Spain, the UK, the Czech Republic, Russia, Jordan and Dubai, Spire Payments is a forward-looking alternative to traditional payment terminal suppliers. With some of the world’s top financial and retail organizations among its customers, the Spire Payments team will always be at the forefront of progress in electronic payments.

 

MEDIA CONTACTS 
NewNet Communication Technologies 
Devarajan Puthupparambil
traxcominfo@newnet.com

 

Spire Payments 
Nigel Dean, Marketing Director
M: +44 (0) 7876 883730
E: nigel.dean@spirepayments.com

NewNet Communication Technologies announces Secure Transaction Cloud (STC) Payment Solution on AWS Marketplace with AWS CloudHSM

Posted on: October 17th, 2017 by NewNet

Read original article here: http://www.prweb.com/releases/2017/10/prweb14809868.htm#! 

 

NewNet’s Secure Transaction Cloud (STC) with AWS CloudHSM is a secure Cloud Payment handling application vital for transporting high volumes of transactions 

 

CHICAGO (PRWEB) OCTOBER 17, 2017 – NewNet Communication Technologies, global provider of secure transaction transport systems, today announced a secure payment transport and acquiring solution for Amazon Web Services (AWS). NewNet’s new Secure Transaction Cloud (STC) solution with AWS CloudHSM launched on AWS Marketplace and is designed to provide payment providers with a secure cloud payment handling application vital for transporting high volumes of transactions.

 

NewNet’s STC solution is a comprehensive cloud-based secure payment acquiring and transport application with advanced data security, point-to-point encryption and tokenization for facilitating the end-to-end security of payment transactions. NewNet’s STC solution runs on AWS and is backed by AWS CloudHSM. STC is now available on AWS Marketplace for trial, allowing customers to experience its security payment transaction routing and aggregation capabilities.

With AWS CloudHSM’s advanced encryption and hardware security capabilities, NewNet’s STC gives customers a cloud payment application for scalable, resilient and high-speed payment handling.

Now available on AWS Marketplace, NewNet’s STC payment application solution is designed to allow for faster modernization while lowering risk for a broad spectrum of payment ecosystem participants, including acquirers, processors, payment service providers, transaction network service providers, merchant service providers, retail chains, mobile network operators and telecommunication companies, banks, financial institutions and other fin-tech providers in the payment transaction domain.

“With a cloud-based payment transport and acquiring application, NewNet’s STC solution enables the payment transaction acquiring and processing industry with one of the most innovative and advanced payment applications in a high security cloud for seamless migration and significant economic value,” said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “The virtualized payment and security functions of STC operating on AWS provide high security for payment transactions, with AWS CloudHSM FIPS 140-2 Level 3 compliant platform enabling crypto operations including encryptions using long length keys to be handled completely within hardware security boundaries. This new delivery platform allows NewNet to extend its payment gateway technology to new and existing customer segments.”

“The new CloudHSM service from AWS improves security and simplifies high-availability for our customers while also lowering cost,” said Eric Docktor, Director of AWS Cryptography at Amazon Web Services, Inc. “We are excited to see NewNet take advantage of these capabilities to build a fully cloud-native payments solution that gives their customers high-volume, low-latency payment processing.”

NewNet’s STC solution offers virtual networks functions (VNF) based virtualized secure payment applications with a broad range of VNF for payment transaction routing and added security, including:

  • TLS, IPsec, SSH;
  • HTTPS;
  • ISO8583, TPDU, VISA, XML based transaction protocols;
  • Enhanced security with point to point encryption (P2PE), and tokenization;
  • Multiple host interfaces;
  • Advanced management and reporting; and
  • Load balancing.

NewNet’s STC supports a variety of payment methods including internet payments, mobile payments, wallet payments, POS/POI based transactions, and all forms of ecommerce and commerce payments with PCI standard compliant security. The platform is priced based on usage, with a software as a service (SaaS) model.

For more information, please contact traxcominfo@newnet.com

ABOUT NEWNET COMMUNICATION TECHNOLOGIES

NewNet is one of the premier global providers of next generation mobile technology solutions offering over 25 years of expertise across four businesses: mobile messaging, payment security, interactive voice communications and broadband wireless. Dedicated to innovation, NewNet provides operators and enterprises with a broad range of solutions that are designed to optimize global communication opportunities. NewNet solutions are available in a variety of applications including on-site, hosted, cloud and managed solutions. For more information about NewNet, visit http://www.newnet.com.

 

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