PAX Technology, Inc. Signs OEM Agreement With NewNet Communication Technologies

Posted on: March 28th, 2014 by NewNet

 

NewNet Communication Technologies has signed a North American OEM agreement for NewNet’s Secure Transaction products and solutions.

Arlington Heights, IL March 28, 2014 – NewNet Communication Technologies LLC, a leading global provider of innovative solutions for next generation mobile, fixed line networks, messaging and transaction processing, announced that PAX Technology , Inc. has signed a North American OEM agreement for NewNet’s Secure Transaction products and solutions.

PAX Technology Inc. (PAX), a leading global provider of electronic payment terminals, will begin to expand their already impressive North American portfolio through NewNet’s Secure Transaction Transport AccessGuard 1000 and the Total Control Secure Transaction Gateway solutions.
“NewNet Secure Transactions is pleased to be a partner of PAX Technology in providing secure transaction transport networking products to PAX’s expanding portfolio in North America” says TK Cheung, President of NewNet Secure Transactions unit. “This will enable PAX’s customers to deploy a complete end-to-end and secure payment solution”.

“NewNet’s extensive network product portfolio provides the same security and reliability that PAX values in its products,” said Andy Chau, president and CEO of PAX Technology, Inc. “Keeping payment transactions secure is the top priority for both PAX and NewNet making our companies a perfect fit to be working together.”
Security is handled with paramount importance on all NewNet Secure Transaction products, services and applications. The NewNet AccessGuard 1000 and Total Control Secure Transaction Gateway solutions provide the highest level of security needed for encrypting sensitive data and enabling safe, reliable transaction transport over several network types. “NewNet Secure Transaction products and solutions are fully compliant to PCI DSS guidelines and ensure the highest level of security for transactions” stated TK.

PAX will be showcasing POS terminals and solutions at the ETA Transact 14 in Las Vegas, Nevada. Visit booth #436 from April 8-10th to learn more about PAX payment solutions.

About PAX (www.pax.us) 
PAX is one of the fastest growing POS terminal manufacturers in the world. PAX has been serving the global retail marketplace for over ten years and has distribution in over fifty countries shipping over 6 million terminals worldwide in recent years. PAX offers a complete line of products and services supported by extensive R&D capabilities. In addition to a most competitive pricing model, quality assurance is the company’s top priority which enables PAX to have a strong advantage in the marketplace.

About NewNet Communication Technologies
NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit https://newnet.com/business-units/secure-transactions/ or skyviewcapital.com.

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