Archive for the ‘News’ Category

Skyview Capital Builds Portfolio to Enable Telecom and Software Growth

Posted on: August 27th, 2013 by NewNet

 

By Rachel Ramsey, TMCnet Web Editor

 

Despite the gloomy economy for the past few years, there are some industries that have seen immense growth, innovation and development. Take telecom, for example. More than $80 billion in telecommunications and cable transactions have been completed this year, including ones from DISH, SoftBank, Vodafone andVerizon (News – Alert).

“Companies are looking to grow through acquisition as demand slows for wireless and Internet services, and they’re seeking scale so they can afford to build the high-speed networks necessary for the latest mobile and video offerings,” a recentBloomberg (News – Alert) article said.

Skyview Capital, a privately held investment firm that specializes in the acquisition and continuous management of mission-critical enterprises, has built an expertise in carve-out transactions, particularly in the telecom and software sectors, and is actively looking for additional businesses to invest in.

This year, Skyview has definitely kept itself busy. In July it acquired the Mimio online education business from Newell Rubbermaid, which offers interactive teaching technologies to increase effectiveness and engagement in K–12 classrooms. It also acquired Interact Inc. earlier this year, a provider of interactive voices response (IVR) platforms and hosted IVR systems to help improve global communications, and the Tekelec (News – Alert) Mobile Messaging business.
Alex Soltani, chairman of Skyview Capital, said, “Skyview Capital has built up a strong reputation, performing carve out and buyout transactions. We have a team of operating professionals, who work with the management teams to stabilize and grow the acquired businesses.”

In addition to 2013’s acquisitions, Skyview’s current and previous portfolio includes Aserdiv, Collins Communications, Fastech Integrated Solutions (News – Alert), NewNet Communication Technologies, Ixilix, Solvport, PAS Technologies and Transcend Communications (News – Alert).  Skyview was recently honored by The Los Angeles Business Journal as one of the Top-25 LA-based private equity firms.

“At Skyview, we strive to create long-term sustainable value within the enterprises we acquire, by providing them the highest level of financial resources and operational acumen necessary to realize and achieve their full business potential. Our investment principles are driven strictly by growth – organic growth, growth through acquisition, and specifically growth through our partnerships with talented executives,” Soltani said.

For more information, visit www.skyviewcapital.com

NewNet Communication Technologies Traxcom Products Ensure Security in Transaction Processes

Posted on: July 27th, 2013 by NewNet

 

By Rachel Ramsey, TMCnet Web Editor

 

The proliferation of mobile devices has led to improved app development, features and capabilities. Think about how many different things you can accomplish from your smartphone or tablet alone – using GPS, sharing via social media, checking e-mail and making banking transactions or purchasing something online are not impossible feats. In fact, a recent U.S. Federal Reserve study found nearly 21 percent of mobile phone users have used mobile banking in the past year, and a Juniper Research (News–Alert) report predicts mobile commerce transactions to exceed $3.2 trillion by 2017. The rise in payment transactions means mobile device and network providers need to be prepared to offer high levels of security, safety and data confidentiality.

NewNet (News – Alert) Communications, a provider of solutions for next-generation mobile, fixed line networks, messaging and transaction processing, offers Traxcomsecure transaction processing solutions to provide a high degree of security to ensure data confidentiality and safety, and improve the efficiency of operations.

TMC (News – Alert) recently caught up with NewNet’s T.K. Cheung, SVP and GM of Secure Transaction Processing Division, to discuss the solutions, how they help set NewNet apart in the industry from competitors, what prompted NewNet to offerPCI (News – Alert) compliance with Traxcom and what’s in store for NewNet in the future.

The Traxcom solutions have facilitated secure, high-speed payments transaction aggregation from millions of POS/ATM/payment terminals and switching and routing of these transactions with high security to backend Financial Authorization Servers for more than 24 years. They target a variety of customers, including transaction acquirers, payment processors, banks, retailers, financial institutions, payment service providers, payment aggregators, transaction network service providers, fixed and mobile telecommunication network providers, Independent Sales Organizations (ISOs).

“We deliver secure payment transaction routing services for the legacy Dial POS terminals, now popular broadband and mobile payment terminals and fast emerging mobile smart POS and NFC Mobile Wallet transactions,” Cheung explained.

The Traxcom product portfolio includes the Total Control Secure Transaction Gateway (STG) Dial Payment processing system, which delivers a specialized suite that enables fast transaction processing of credit card authorizations, debit card fund transfers and health benefit authorizations, and AccessGuard 1000 Mobile and Broadband IP Payment Processing gateways, which are designed to process high volumes of IP-based authorization and payment queries generated from a “smart card” terminal device, and internet based payment terminal devices.

“Speed, security, stability and system availability are the key requirements of payment transaction systems and these hold the key parameters of NewNet Traxcom products as proven in the industry with our deployments with Tier 1 Acquirers, Processors, Wireline Carriers, MNOs (Mobile Network Operators) etc.,” said Cheung. “Security is the most critical aspect of payment transactions and having been in this business and working with some of the largest Tier 1 Acquirers, processor and carriers globally, we have remained in the forefront of offering most advance security for payment routing solutions with latest cryptographic methodologies.”

“NewNet’s Secure Transactions Business Unit provides mission-critical solutions to allow carriers and financial institutions to securely process electronic payment Transactions globally. As new point of sale (POS) payment platforms arise, there will be increased opportunities for NewNet’s Secure Transactions products and services. We are seeing traction domestically as these new digital payment platforms proliferate and as acquirers and ISOs seek innovative, customer-focused suppliers. We also see enormous growth in demand in emerging markets, which are experiencing rapid increases in credit card penetration and volumes,” said Matt Thompson, SVP corporate development, NewNet Communication Technologies
NewNet has integrated transaction processing, security handling, load balancing and network routing into a single system, thereby enabling customers to avoid the need for separate systems for each of the different functions.

“Our systems enable the customers to offer new payment solutions on emerging client/terminal devices by still connecting to existing authorization servers, thus bridging the future with present day systems,” said Cheung.

Traxcom and PCI Compliance

The Payment Card Industry (PCI) Data Security Standard represents a common set of industry standards to ensure the safe handling of sensitive payment card data information. These standards are founded by global payment brands – American Express, Discover Financial Services, JCB International, MasterCard (News – Alert)Worldwide and Visa Inc. – and have industry-wide participation from the payment industry ecosystem players comprising of banks, acquirers, processors, merchants, system providers, application developers and more. The PCI Security Standard council is responsible for the development, management, education and awareness of the PCI Security Standards, which cover the security requirements associated with multiple aspects of the payment industry.

NewNet serves a major role in the payment ecosystem. NewNet delivers market payment solutions that offer a true understanding of core payment functionalities, technology edge and far sighted vision which attempts to meet the following:

  • Enables the masses to make seamless payment transactions from mobile devices for card and non-card alternative payments
  • Offer integrated solutions for tokenization, data encryption, certificate management solutions for enhanced security of transactions
  • Advance commerce solutions for content streaming to POS devices which are touch points to consumers while in the middle of transaction authorization process
  • Provide innovative payment routing solution that avoids the need to store credit/debit card data or customer information on mobile devices for payment purposes
  • Work with financial institutions to offer payment processing systems that prevents the transfer of sensitive card data across public networks benefiting acquirers, processors, carrier and banks
  • Offer multicurrency and dynamic currency conversion solutions coupled with payment switching and routing
  • Ensure increased revenues for all entities in payment ecosystem by enabling faster, secure and reliable means of payment handling for e-commerce and m-commerce transactions

Putting Traxcom to Use
Point-of-sale (POS) acquirers and processors deploy NewNet’s Traxcom solutions for aggregating dial, broadband/mobile IP POS transaction from the merchant locations, utilize the multiple protocols supported on TC STG and AG1000 systems to handle a variety of transaction types, routes the transactions to the specific hosts depending on the transactions with high speed and security. They also collect transaction session data records for statistics, traffic reporting etc. to enhance their transaction management capabilities.

The solutions empower MNOs or wireline/broadband telcos to derive new sources of revenue and have a major role in the payment ecosystem, including one or more of the several possible services of mobile/broadband/dial transaction acquiring, mobile/broadband/dial POS transaction transport as a VAS and mobile NFC wallet payment transaction routing.

“We have a clear vision for the payment industry for today and tomorrow as we stay ahead of the technology curve and move along the path breaking changes in the areas for new payment options, new devices with advanced service capabilities and security enhancements and strive to bring those benefits in our products to the market as quick as the market can adopt,” Cheung said.

NewNet Communication Technologies Expands Sales Team to Grow Secure Transaction Solutions

Posted on: July 27th, 2013 by NewNet

 

By Rachel Ramsey, TMCnet Web Editor

Every day, the number of features, functions and capabilities on mobile devices continues to expand. One of the most common uses of these mobile devices, whether it’s a smartphone, tablet or laptop, is for financial purposes. Mobile banking, wallets and payments have become prominent-use cases in today’s on-the-go world, which require very secure solutions.

NewNet (News – Alert) Communication Technologies is a provider of mobility technologies focusing on messaging, signaling, wireless broadband, consumer Internet, multimedia content delivery, mobile advertising, secure transactions, interactive voice response (IVR) and mobile real-time charging and rating. The company hired four additional regional sales directors to its global sales team in the past six months in an effort to grow its secure transaction solutions for mobile payments, e-banking, transaction acquirers, payment processing, retailers, educational networks, NFC, mobile wallets and service providers.

“The NewNet Secure Transactions division offers a highly secure IP, dial, and mobile payment transaction switching router utilizing the latest technologies with high-performance dual crypto processors, extensive network management features, CDR analysis and reporting,” said TK Cheung, SVP and general manager, in a statement.
NewNet’s Traxcom AccessGuard portfolio is a suite of secure, high-performance, carrier-grade transaction processing gateway solutions. It 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 smartphones, Bluetooth-enabled devices and apps.

Matt Thompson, NewNet SVP of marketing, said, “We are very excited to supplement our Secure Transactions’ division Regional Sales team. We have compelling products which can uniquely serve the growing needs of telecom and financial services providers in established and emerging markets. NewNet is able to leverage its deep knowledge of financial processing routers to deliver innovative solutions to our customers. The global electronic payments business is evolving rapidly and NewNet is at the forefront.”

NewNet also provides cloud-based voice broadcasting and outbound IVR solutions that offer flexibility in providing high-quality customer service, lower costs and a vehicle for alternative marketing campaigns to gain customer retention. It acquired hosted IVR platform Nimblevox by Interact earlier this year.

NewNet Communication Technologies Expands Global Sales Team to Grow Secure Transaction Router Business

Posted on: July 8th, 2013 by NewNet

 

Arlington Heights, IL July 8, 2013 -­ NewNet Communication Technologies, LLC, a wholly-owned Portfolio Company of Skyview Capital, and a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer Internet, multimedia content delivery, mobile advertising, secure transactions, Interactive Voice Response (IVR), and mobile real-time charging and rating, is pleased to announce the hire of four additional regional Sales Directors to their Global Sales team.

The addition of the Total Control compact IP transaction accelerator and Total Control Gateway to NewNet’s robust secure transaction portfolio provide enhanced transaction processing and security, and currently processes billions of transactions worldwide. TK Cheung, SVP and General Manager, says, “The NewNet Secure Transactions division offers a highly secure IP, dial, and mobile payment transaction switching router utilizing the latest technologies with high-performance dual crypto processors, extensive network management features, CDR analysis and reporting.” NewNet looks to expand their global reach of providing proven secure transaction solutions for Mobile payments, e-banking, transaction acquirers, payment processing, retailers, educational networks, NFC, mobile wallets and service providers. The latest enhancements to NewNet’s secure transaction portfolio provide unparalleled transaction routing, direct forwarding, enhanced encryption, and integrated payments, all on a PCI DSS industry standard security compliant system. Matt Thompson, NewNet SVP of Marketing, says “We are very excited to supplement our Secure Transactions’ division Regional Sales team. We have compelling products which can uniquely serve the growing needs of telecom and financial services providers in established and emerging markets. NewNet is able to leverage its deep knowledge of financial processing routers to deliver innovative solutions to our customers. The global electronic payments business is evolving rapidly and NewNet is at the forefront.”

As part of their global expansion goals, NewNet has added four new Regional Sales Directors to their team over the past 6 months. Edison Lima joined the NewNet team as the Regional Sales Director for Latin America after previous roles at Getnet and Hypercom. Mr. Lima brings over 20 years’ experience in corporate sales specializing in large contracts in the area of transaction processing and means of payment.
Dave Holman joined NewNet as the Regional Sales Director for North America after previous roles as the VP of Sales and Business Development for PayCommerce and EZIC, VP of Sales and Operations at Fast Transact, VP of Sales at Century Payments, and President of Foundation Merchant Services. Mr. Holman brings over 35 years of Sales Management experience at a senior level, and has brokered deals with the World’s two largest IBO companies as well as the largest professional sports brand in the World.

Tony Timpano joined NewNet as the Regional Sales Director for the EMEA region after previous roles at Hypercom and Ingenico. Mr. Timpano brings over 30 years of experience in computing and telecommunication sales and service, providing transaction process systems for fortune 500 companies as well as ISO’s throughout North America and abroad.

David Neo joined NewNet as the Regional Sales Director for APAC after previous roles at Verifone, Hypercom, and Vivotech. Mr. Neo brings over 30 years of experience, along with an extensive background in electronic funds transfer or transaction processing, mobile payments, smart cards, contactless RFID/ NFC payments, debit and credit cards.

“The continued growth of our secure transactions business, along with the addition of our Total Control, and Total Control Gateway solutions demonstrate our unrelenting commitment to excellence, as well as make us an attractive Network Access Control solution for financial services companies, processors, acquirers, and electronic payments companies.” said P.J. Louis, CEO of NewNet. “By adding experienced and highly respected professionals to our Global Sales team, we will remain well-positioned to handle the fast-pace growth we expect throughout 2013 and beyond.”

About NewNet Communication Technologies
NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit newnet.com or skyviewcapital.com, or send an inquiry to traxcominfo@newnet.com.

NewNet Communication Technologies to Partner with PCI Security Standards Council to Improve Payment Data Security Worldwide

Posted on: April 16th, 2013 by NewNet

 

As Council’s newest Participating Organization, NewNet Communication Technologies to contribute to the development of PCI Security Standards

Arlington Heights, IL April 16, 2013 — NewNet Communication Technologies, LLC, a wholly-owned Portfolio Company of Skyview Capital, announced today that it has joined the PCI Security Standards Council as a new Participating Organization. NewNet is a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions, Interactive Voice Response (IVR), and mobile real-time charging and rating. NewNet will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS).

Endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the PCI Security Standards require merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data protection. To enhance payment data security globally while embracing new technologies as they are developed, the Council relies on involvement of those across the payments processing chain, from merchants and service providers to payment device manufacturers and software developers, financial institutions and processors.

As a Participating Organization, NewNet adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 600 organizations united to improve payment security.
NewNet will also have the opportunity to recommend new initiatives for consideration to the PCI Security Standards Council, participate in exclusive webinars and question and answer sessions with Council representatives, and review and discuss new versions of the PCI Security Standards while sharing cross-sector experiences and best practices at the annual Community Meetings.

“In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against network security threats and data breaches,” said Bob Russo, General Manager of the PCI Security Standards Council. “By joining as a Participating Organization, NewNet demonstrates they are playing an active part in mitigating the threats and improving the security of the payment chain globally by driving the security standards to higher levels of adoption and strength.”

NewNet’s CEO, PJ Louis, said: “We are pleased to become a Participating Organization member of the PCI Security Standards Council. “As a member NewNet will play a direct role in the ongoing development of PCI standards while providing the highest levels of security for our TraxcomSecure transaction processing product line.”

About the PCI Security Standards Council
The PCI Security Standards Council is an open, global forum that is responsible for the development, management, education and awareness of the PCI Data Security Standard (PCI DSS) and other standards that increase payment data security. Founded in 2006 by the major payment card brands American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the Council has more than 600 Participating Organizations representing merchants, banks, processors and vendors worldwide. To learn more about playing a part in securing payment card data globally, please visit: pcisecuritystandards.org

Connect with the PCI Council on LinkedIn: http://www.linkedin.com/company/pci-security-standards-council Join the conversation on Twitter: http://twitter.com/#!/PCISSC

About NewNet Communication Technologies
Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit newnet.com and skyviewcapital.com

NewNet Communication Technologies Appoints T.K. Cheung as Senior Vice President and GM of Secure Transactions Business Unit

Posted on: February 4th, 2013 by NewNet

Arlington Heights, IL February 4, 2013 — NewNet Communication Technologies, LLC, a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions has appointed T.K. Cheung as SVP and GM Secure Transactions business unit. In this role, Cheung is responsible for overseeing all activities related to sales, products, services and support for the secure transaction switching product lines, reporting to PJ Louis, CEO of NewNet Communication Technologies.

“I am pleased to welcome T.K. Cheung to lead the Secure Transactions business in NewNet” Louis said. “His extensive industry knowledge and global experience will definitely help expand NewNet’s Secure Transactions business across the world.”

Cheung has over 30 years of experience in the electronic payments and telecommunications industries with proven track record in P&L management, process analysis and re-engineering in a global arena. He has played instrumental roles in releasing revenue-generating products and acquiring customers.

Cheung has held a number of international and US-based positions for Hypercom, Equinox and American Express. Most recently, Cheung was Senior Vice President of Research & Development at Equinox Payments, subsequent to the acquisition and divestiture of Hypercom USA by VeriFone, Inc. During his 19 years’ at Hypercom Corporation, Cheung held a variety of leadership roles covering business development, product management and engineering in the US and Asia, including Vice President of Global Quality & Security and Managing Director for Asia Pacific. Before joining Hypercom Corporation, T.K. took up several important technical roles at American Express in Hong Kong and the United Kingdom.

About NewNet Communication Technologies
NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. Skyview Capital, LLC, is a private investment firm that specializes in the acquisition and management of companies across multiple sectors of technology, telecommunications, services, and niche manufacturing. For further information, please visit https://newnet.com/business-units/secure-transactions/

NewNet Communication Technologies Launches Conexus Partner Program

Posted on: February 1st, 2013 by NewNet

NewNet Communication Technologies Conexus Partner Program is designed to accelerate and grow NewNet Conexus Partners sales and revenue.

Arlington Heights, IL. February 1, 2013.— NewNet Communication Technologies, LLC, a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing launched the NewNet Conexus Partner Program today. This partner program is designed to accelerate and grow NewNet Conexus Partners sales and revenue.

NewNet Conexus Partner Program is a flexible, benefits rich channel partner program offered by NewNet Communication Technologies to facilitate collective success for NewNet and NewNet partners. This multi-tiered program helps NewNet partners take advantage of new opportunities and niche solutions in the communication market and generate revenue potential by leveraging NewNet’s innovative secure transaction processing and mobile messaging platforms. Focused on mutual success, the NewNet Conexus Partner Program rewards NewNet partners for their expertise in key technologies and local markets with attractive incentives, innovative products, comprehensive training, as well as professional sales and marketing support. NewNet is committed to supporting our NewNet channel partners every step of the way to success and offer a partner program that is built on value, innovation and commitment.

“Our partners are our priority” emphasizes PJ Louis, CEO of NewNet Communication Technologies. “We truly believe that value-added resellers, system integrators, and OEM partners are critical to NewNet’s success. In return, NewNet partners will receive great incentives, huge support and the rich resources they need to sell and implement NewNet solutions. We are confident that NewNet’s best-of-breed partner management models will bring a mutual success to NewNet and NewNet partners.”

About NewNet Communication Technologies
Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. Skyview Capital, LLC, is a private investment firm that specializes in the acquisition and management of companies across multiple sectors of technology, telecommunications, services, and niche manufacturing. For further information, please visit https://newnet.com/business-units/secure-transactions/

NewNet Communication Technologies Introduces the Total Control Secure Transaction Gateway-Dial

Posted on: October 16th, 2012 by NewNet

The Next Generation Dial Access Payment Transaction Switching and Routing Gateway

Arlington Heights, IL. October 16, 2012 — NewNet Communication Technologies, LLC, a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing launched today at the Electronic Transaction Association’s (ETA) Strategic Leadership Forum a new Total Control product: Secure Transaction Gateway-dial (STGd), NewNet’s next generation solution for carrier class transaction network service providers. Leveraging the widely deployed Total Control platform, the Total Control STGd offers a small form factor dial, IP and X.25 payment transaction switching and routing powerhouse with great emphasis on performance, scalability and security.

Running on an industry standard rack server, the STGd system is designed with the best of breed features: carrier grade processing with the latest Intel Dual-Core Sandy Bridge processors, advanced TI DSPs, an industry grade real time Linux operating system, and a high density of E1/T1s per server. The mighty punch of the Total Control STGd is packed in a power efficient, small footprint 1U form factor and it is linearly scalable to thousands of DS0s. Beneath the surface lies the feature rich and secure computing application framework capable of virtualization, logical segregation, load balancing across modem spans and authorization servers.

Integrating with network management, monitoring, configuration handling, statistics, billing, and reporting applications, the Total Control STGd system expands the opportunities for customers to avail new generation application services.

Total Control STGd exceeds PCI compliance requirements and brings in unparalleled mechanisms to guarantee that the market leading platform continues to push the envelope to keep your data safe. Intelligent fail safe mechanisms ensure that configurations can only be applied if they are standards compliant, eliminating security risks before they emerge. By offering the latest security protection mechanisms and hardened encryption capabilities, advanced key algorithms and key exchange methods, the Total Control STGd builds a strong foundation for payment transaction processing.

“Total Control STGd is small, powerful, green and extremely secure” emphasizes Roger Pavane, Executive Vice President Sales & Marketing of NewNet Communication Technologies “with options to evolve into Modem Over IP and SIP based packet data network interfaces for data offloading from PSTN networks for faster and cost efficient modes of transactions, Total Control STGd ensures that your investment remains future proof.”

 

About NewNet Communication Technologies
Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. Skyview Capital, LLC, is a private investment firm that specializes in the acquisition and management of companies across multiple sectors of technology, telecommunications, services, and niche manufacturing. For further information, please visit www.newnet.com

NETS, Singapore’s largest payment distribution and financial transaction processing services company, Selects NewNet Solution

Posted on: July 13th, 2012 by NewNet

Singapore based NETS upgrades to NewNet’s high density Total Control 1000 system for delivery of secure payment services
Arlington Heights, IL — July. 13 , 2012

NewNet Communication Technologies announced today that NETS (Network for Electronic Transfers Singapore), Singapore’s largest payment, distribution and financial transaction processing services company, selected NewNet’s industry leading TraxcomSecure Total Control 1000 secure payment gateway platform for the expansion and upgrade of its payments transaction processing network. NewNet Communication Technologies is a recognized leader in secure transaction processing, mobile multimedia content delivery and wireless network infrastructure solutions.

NETS is Singapore’s largest merchant acquirer and has the largest terminal base in the country. Worldwide adoption of e-commerce and m-commerce payments is fully under way and the Asia region is at the forefront of this growth. JP Morgan has predicted that the Asian retail e-commerce market excluding travel will double from about US$156 billion in 2010 to US$323 billion by 2013. The Singapore online shopping market size is set to explode from about Sg$1.1 billion in 2010 to Sg$4.4 billion by 2015. NETS has selected and deployed the NewNet Total Control 1000 dial gateway solution to address the increased network capacity needs.

“We are delighted to be a key component in the growth of the NETS network,” said Mary Lynch, Director of Marketing and Sales Alignment “According to a Yankee group report some of the most enthusiastic adopters of e-commerce and m-commerce are in Asia, with the market projected to grow over 70% and over 69% of the respondents indicated that they favored the use of a mobile phone for payment transactions. This kind of an innovative early adoption environment is where NewNet excels, because our solution delivers the highest standards of availability, reliability, security and performance necessary to drive the rapid use of advanced payment transaction services. The selection of our solution by NETS is a validation of our ability to help our customers evolve their service offerings to keep pace with their growth and capacity needs.”

The NewNet Total Control 1000 Trax 2.5 system offers a market-leading solution for dial-based carrier class transaction network services to service providers, merchant acquirers and payment processors. The recently enhanced payments platform provides specialized software to enable faster transaction processing of credit card and debit card authorizations, fund transfers, and health and other electronic benefits transfers. The high-density TC1000 platform speeds transaction times with features such as Fast Connect, and supports transaction protocols such as VISA I/II, ISO 8583, TPDU and several custom protocols.

The NewNet AccessGuard 1000 platform provides the required end-to-end security features for mobile and broadband payment transaction processing, including SSL acceleration and offloading, digital certificates, and state-of-the-art DUKPT powered encryption and decryption. Secure connectivity to host processor systems is provided using IPsec. The AccessGuard portfolio of products supports 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. Innovative applications and services such as mobile wallet, Smart Cash and mobile money transfers can be delivered using the AccessGuard platforms.

 

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. NewNet is a wholly owned portfolio company of Los Angeles based private investment firm Skyview Capital LLC., Skyview Capital specializes in the acquisition and strategic management of mission-critical, industry-leading businesses in services and technology.

For more information, visit:
www.newnet.com
www.skyviewcapital.com

NewNet Launches TraxcomSecure® AccessGuard 1000 Enhanced Mobile Broadband Payments Gateway

Posted on: April 13th, 2012 by NewNet

Expands Portfolio with Highly Secure and Highly Scalable Payment Gateway Solution
— Integrated gateway with Transaction Security, Protocol Processing and Transaction Routing
— Supports SSL based transport encryption as well end to end data encryption
— High performance and Highly scalable

 

Shelton, CT – April 13, 2012 – NewNet Communication Technologies, a recognized leader in secure transaction processing and wireless network infrastructure, today announced a powerful new addition to its field proven and widely deployed AccessGuard mobile and broadband payment processing product portfolio. The state-of –the-art AccessGuard 1000 (AG1000) platform provides customers enhanced security, performance and scalability to deliver advanced payment and financial processing services and address the explosive growth of mobile and broadband financial transactions globally.

The AG1000 product is delivered on off the shelf Intel based servers running Linux in a compact 1U or 2U form factor. The inclusion of specialized hardware accelerators on the server platforms enables the AG1000 to scale to very high rates of simultaneous transactions processed. The AG1000 inherits all the capabilities of the AccessGuard portfolio to deliver field proven support for a broad range of transaction protocols, flexible transaction routing, ease of management and superior analytics and reporting with the integration of the AccessView reporting server.

“Globally, mobile payment transactions continue to grow and portend a much lesser need for cash in the near future,” said Amy Cravens, Senior Analyst of Mobile Payments, NPD / In Stat. “With transactions projected to exceed $636 billion in 2016, having a system like the AccessGuard 1000 that can scale to meet increasing demand is a high priority for carriers and payment acquirers.”

The ubiquitous availability of mobile devices has spurred advances in NFC technology and the availability of mobile wallet solutions from a broad swath of players in the payments market. The industry recognizes the opportunity to further simplify the electronic payments process and enable the adoption of stored value mobile prepaid transactions worldwide by consumers. Providing secure transport of these mobile based transactions as well as enhanced security for the end to end data increases the safety and in turn the adoption of these technologies.

“The launch of the AG1000 platform demonstrates our commitment to solidify and grow our global leadership position in the payments processing and financial transactions market,” said P.J. Louis, NewNet Interim CEO. “The AG1000 platform provides a high performance, highly secure and scalable solution and enables our customers to deliver advanced and innovative services to exploit the growth in the payments market. The TraxcomSecure product portfolio, with the addition of the AG1000, provides a robust solution set for our customers to accommodate this growth and achieve their financial goals.”

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.

NewNet will present a comprehensive demonstration of the TraxcomSecure® product suite at the ETA (Electronic Transaction Association) exposition in Las Vegas, April 17-19, 2012 exhibiting in stand 1200. The demonstrations will illustrate how the AccessGuard platforms provide end-to-end contactless payment solutions utilizing smart phones and Bluetooth swipe devices.

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 signaling 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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