CHICAGO, IL . APRIL 13, 2018 — NewNet Communication Technologies, global provider of secure transaction transport systems, announced that its new secure payment transport and acquiring solution, Secure Transaction Cloud (STC), has been featured in the February 2018 issue of the Nilson Report. The Nilson Report, in its 47th year of publication, is the most respected source of news and analysis of the global card and mobile payment industry.
The report highlights NewNet Communication Technologies´ Secure Transaction Cloud (STC) as a virtualized payment transaction application for cloud infrastructure designed to handle the transport and routing of high volumes of internet, mobile, and POS/POI payment transactions with advanced data security, point-to-point encryption, and tokenization.
“We at NewNet are quite excited to have our latest and innovative virtualized payment application for the cloud – Secure Transaction Cloud (STC), to be featured in The Nilson Report”, said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “STC application incorporates our decades of expertise in the payment domain, and offers the cutting-edge solution for the cloud ready payment industry to migrate seamlessly to the virtualized future with high security, faster speeds and leading performance”.
Available on Amazon Web Services (AWS) Marketplace , NewNet Communication Technologies´ Secure Transaction Cloud (STC) empowers Acquirers, Processors, Payment Service Providers, ISOs, FinTech Providers, MNOs, Cloud Service Providers, for retail location, Internet and mobile payment transactions, and supports usages in public, private, or hybrid cloud infrastructure.
To read the report, click here .
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.