NewNet Secure Transactions(NST) solutions offer support of multi-mode digital payment capabilities and extends beyond the card-based transactions. This corresponds to ‘expanded payment types’, and any payment scheme which operates with HTTPS/XML, ISO 20022 standards that our solutions natively support. This includes the A2A/P2P/M2M(Account to Account/Person to Person/Mobile to Mobile) payments which is based off the Banks’ Accounts transferring directly from the sender’s Bank account to the recipient’s Bank account. A2A payments are widely operated by consumers on their mobile via either Bank’s own wallet application or generic mobile wallet applications like Google Pay, WhatsApp Pay etc.
With smart API integrations, advanced security for transactions, support for ISO 20022 financial transaction protocols, and compatibility with multiple processing host server systems, NewNet solution offers the easiest path for payment providers to launch new services. NewNet solutions are evolving to support the emerging payments for RTP, A2A/P2P payments. Coupled with this is the availability of NST cloud solutions on multiple public cloud providers including AWS, Azure, Google and Oracle Cloud offering the payment ecosystem entities across the world with widest options for rapid time to market.
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Virtualized Secure Cloud Payment Routing & Transport Solution
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