NewNet Launches New Payment Security Solution – TransKrypt™ P2PE with Tokenization

Posted on: November 3rd, 2014 by NewNet

 

NewNet’s TransKrypt™ Point-to-Point Encryption (P2PE) security solution allows merchants to limit their PCI compliance scope and reduce risk liabilities.

Arlington Heights, IL November 3, 2014 — NewNet Communication Technologies, a global provider of next generation technology with expertise in secure transaction solutions, announced today the launch of its new payment security solution TransKrypt™; a comprehensive point-to-point and tokenization solution that ensures complete payment data security for P2PE environments.
TransKrypt™ Point-to-Point Encryption (P2PE) security solution for Terminal Line Encryption and Tokenization allows merchants to limit their PCI compliance scope and reduce risk liabilities. TransKrypt™ P2PE provides acquirers, processors, financial institutions and network service providers with high-speed encryption and decryption capabilities to ensure the protection of customers’ sensitive transaction data.

“TransKrypt™ is another shining example of the NewNet Secure Transaction Business Unit’s commitment to providing our global customers with innovative payment security solutions as payment technology evolves” said T.K. Cheung, President of NewNet’s Secure Transaction Processing Division. “With multiple data breaches reported annually, a comprehensive P2PE and Tokenization security solution is vital for securing card sensitive data and significantly reducing the risk of multi-million dollar skimming data breaches”

With TransKrypt™ P2PE capabilities for Terminal Line Encryption and Tokenization, organizations can ensure protection from transaction security threats by streamlining the end-to-end payment security process.

Based on ANSI X9.24 standards and specified DUKPT mechanisms, TransKrypt™ P2PE security solution offers complete support for strong encryption such as AES and 3DES. TransKrypt™ P2PE utilizes FIPS 140-2 Level 3 certified HSM solution to securely store sensitive data and provide high speed encryption and decryption capabilities.

TransKrypt™ P2PE works seamlessly with NewNet’s existing Secure Transaction Portfolio solutions, processing 20% of all global payment transactions, including the AccessGuard (AG1000) and Total Control STG. The PCI compliant AG1000 and Total Control STG solutions enable fast transaction processing of transaction authorizations and process millions of IP-based transactions per hour.

Want to discuss more about TransKrypt™ P2PE with Tokenization Security Solution and see a live demonstration of AccessGuard and Total Control STG system ? Visit us at CARTES SECURE CONNEXIONS 2014 in Paris, November 4-6 in Booth 4H019.

About NewNet Communication Technologies
NewNet is a premier global provider of next generation mobile technology solutions offering over 25 years of expertise across four businesses: Mobile Messaging, Payment Security, Interactive Voice Communications and Broadband Wireless. Dedicated to innovation, NewNet provides operators and enterprises with a broad range of solutions that optimize global communication opportunities. NewNet solutions are available in a variety of applications including on-site, hosted, cloud and managed solutions.

For more information about NewNet and its businesses, visit www.newnet.com. Keep up with NewNet news by following NewNet’s Twitter feed at www.twitter.com/NNCT

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