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.
The payment revolution is here with 5G. 5G promises a whole new world of in nite possibilities and rewriting the world as we know, with assurances for an unprecedented level of connectedness among humans, machines, devices, and networks.
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.
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.
Payment devices have undergone rapid transformation. With the latest PCI standards to support PIN entry on smart devices, millions of mobile devices are now open to become payment terminals. The key requirements for the floodgates to open include smart, user friendly and exciting payment application tailored for the respective payment user interactions, ergonomic end user device designs, and intelligent security solution to ensure the overall security of payments through these devices.