NewNet’s STC is a virtualized payment transaction application designed to provide payment providers with a secure cloud based payment handling application, vital for transporting high volumes of internet and mobile payment transactions.
CHICAGO (PRWEB) FEBRUARY 21, 2018 – NewNet Communication Technologies , the global provider of secure transaction transport systems announced the global availability of the secure cloud payment transport and acquiring solution – Secure Transaction Cloud (STC). NewNet’s STC is a virtualized payment transaction application designed to provide payment providers with a secure cloud based payment handling application, vital for transporting high volumes of internet and mobile payment transactions.
NewNet Communication Technologies STC solution is a 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. It allows for faster migration to cloud based infrastructures for a broad spectrum of payment ecosystems, network operators and telecommunication companies.
Backed by AWS CloudHSM , NewNet’s STC solution runs on AWS. 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.
“NewNet’s STC solution provides the payment industry with one of the most innovative and advanced payment applications in a high security cloud for seamless adoption and major economic advantage,” said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “The virtualized payment and security functions of STC operating on secure, highly capable cloud infrastructure provide much needed performance and security for payment transactions.”
Spire Payments, a leading Fintech Solution provider throughout Europe and the Middle East and a NewNet Partner, has successfully implemented the STC solution on its endpoints. Spire Payments will be presenting at Merchants Payment Ecosystem (MPE) 2018 in Berlin (20-22 Feb), while also exhibiting their entire range of endpoints and software solutions at stand P14.
NewNet’s STC is available in all major global regions for public, private or hybrid cloud based usages, based on specific customer requirements for ecommerce, mcommerce or in-store based POS/mPOS payment handling. NewNet’s STC solution on AWS and can be accessed here: https://aws.amazon.com/marketplace/pp/B076D9HY55
If you are interested in learning more about NewNet’s STC or if you are attending MPE 2018 in Berlin and would like to discuss the STC solution, visit the Spire Payments’ stand P14, or contact NewNet at http://securetxncloud.com.
Additional Resources
Cloud-Based Secure Transaction Processing Becomes Reality Case Study
Secure Transaction Cloud (STC) – Data Sheet
Secure Transaction Cloud (STC) – Product Sheet
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.