NewNet announces Successful Trial of Secure Transaction Cloud (STC) on Amazon Web Services with its Partner Webcom in India

Posted on: June 5th, 2018 by NewNet
NewNet offers broad payment transaction capabilities in India with its new cloud based secure payment transaction and acquiring solution Secure Transaction Cloud (STC)

 

CHICAGO, IL . NewNet Communication Technologies announces the successful trial of its new secure payment transport and acquiring solution, Secure Transaction Cloud (STC), in India with its Partner Webcom India Pvt Ltd,on Amazon Web Services (AWS) cloud infrastructure with CloudHSM. Transactions for retail payments, internet payments and mobile payments with Smart POS/mPOS/POS terminals, web payment clients, and POI devices were successfully tested as part of the India trial.

NewNet’s Secure Transaction Cloud (STC) provides acquirers, processors, and payment services providers with a scalable transaction transport and routing system that enables fast transaction processing of credit card authorization. The virtualized capabilities allow STC to support a wide range of payment types including all forms of eCommerce and mCommerce payments together with internet/mobile POS/POI payment transactions with PCI standard compliant security utilizing HSMs. STC serves the multi-billion dollar electronic payments market.

“We are excited with the successful trial of the Secure Transaction Cloud(STC) in India, and are keen to have a significant role in the expanding digital payment opportunities in India which is seeing significant growth in payment volumes,” said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “STC offers major advantages for acquirers, processors, payment services providers planning seamless migration to private or public cloud infrastructure for preparing themselves to handle the huge volume expansion.”

“We are extremely proud to partner with NewNet for the successful trial of Secure Transaction Cloud (STC) in India, where we expect to see huge payment growth in the next several years”, said Pusp Raj Singh, Head of Sales at Webcom India Pvt Ltd. “NewNet’s innovative virtualized payment application for the cloud – STC, holds enormous potential for the payment industry to significantly ease the rapid expansion and high-performance requirements. This application hugely benefits the new entrants entering into the ecommerce and mcommerce payments at this time of unprecedented digital payments growth in India.”

Matt Thompson, SVP at Skyview Capital says, “We are excited that our NewNet portfolio company has launched the Secure Transaction Cloud service. This is a game changer since it allows electronic payments companies to scale rapidly, leveraging cloud security technology. This new service is built on the twenty-plus years of experience NewNet has gained serving some of the largest payments companies in the world.”

Available on Amazon Web Services (AWS) Marketplace, NewNet’s Secure Transaction Cloud (STC) supports usages in public, private, or hybrid cloud infrastructure with advanced data security, point-to-point encryption, and tokenization.

Visit Amazon Web Services (AWS) Marketplace anytime to get started with a free trial.

About NewNet Communication Technologies 

NewNet Communication Technologies is a leading provider of innovative communication and payment solutions. NewNet’s global customer base includes next generation mobile and fixed line networks, secure transaction transport, enabling global telecom operators, acquirers, processors, financial institutions and enterprises to rapidly develop and deploy cutting edge revenue generating applications that deliver feature-rich, value added services. NewNet Secure Transactions (NST) BU offers secure Payment transaction routing, switching, transport solutions. NewNet’s payment systems powers over 25% of all global payment card and digital transactions, worldwide. NST’s latest solution of Secure Transaction Cloud (STC) offers virtualized secure payment applications for transaction transport in cloud with specific Virtual Network Functions for Security, Transaction protocols, P2PE, Tokenization, Host Interfaces, Load Balancing etc. for a wide range of payment types including Internet payments, mobile payments, POS/mPOS based transactions and variety of eCommerce, mCommerce payments with PCI compliant HSMs. NewNet is a portfolio company of Skyview Capital. More information is available at www.securetransactionscloud.com

About Webcom India Pvt Ltd.

Webcom India Pvt. Ltd. was incorporated in 1992 and was the sole distributor of Hypercom   payment system products in India. Webcom sold and provided local marketing, consulting & support and training services for payment products in India for more than 20 years. This included POS terminals, Pinpads, Network Controllers and software solutions that were used by all leading companies in the Payment Systems space in India and Nepal. Its clients list includes leading acquirers, transaction service providers, telecom network providers, major issuers and processors etc in India and Nepal. Webcom has partnered with NewNet Communications Technologies, a leading global provider of Payment Solutions to help companies participate in the digital payment space by offering them secure, cost-effective and innovative solutions.

For more information contact pusprajsingh@webcomind.com, mobile: +91 98183 10663

 

Contact Us

Want to Learn More?