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.

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