Skyband Upgrades Secure Payment Network with NewNet Solution

Posted on: January 24th, 2012 by NewNet

Skyband deploys NewNet’s Total Control 1000 & AccessGuard 500 systems for delivery of secure dial, internet and GPRS payment services 

Shelton, CT – Jan 24, 2012 – NewNet Communication Technologies announced today that Skyband, the leading merchant acquiring service provider in Saudi Arabia, and one of the top end-to-end payment service solution providers in the Middle East, has upgraded its state of the art payments processing network with NewNet’s TraxcomSecure® portfolio of dial, IP and mobile payment products. NewNet Communication Technologies is a recognized leader in secure transaction processing, mobile multimedia content delivery and wireless network infrastructure solutions.

NewNet’s payment processing product portfolio provides secure transaction processing across dial, broadband and mobile access technologies with its Total Control 1000 (TC1000) and AccessGuard (AG) platforms. The TC1000 and the AG500 systems will be deployed at several points of presence to meet the capacity and performance requirements of Skyband’s expanding payments network. This high-speed transaction network has the capability to handle several million transactions and will enable Skyband to deliver innovative payment solutions. In the fast growing Middle Eastern countries increased card usage has driven a surge in electronic payment transactions. NewNet’s payment platforms will help Skyband compete in a growing market that demands scale, experience, service, quality and innovation.

“Strong growth in our payment transaction business prompted us to seek a vendor with a proven track record who can help us plan for the future, as well as accommodate our immediate needs. We are very pleased to partner with NewNet to upgrade our payments network infrastructure,” said Osman Oueida, Executive Vice President at Skyband. “We believe that the efficiency, security, and performance offered by NewNet’s market leading payment processing systems will enable us to deliver advanced and superior m-commerce and e-commerce payment services through our network. This upgrade complements our growth objectives to offer our service capabilities in the broader Middle East market, including our NFC (near field communications) initiatives. We are especially pleased with the deployment speed and the world class support we have received from NewNet.”

“As a fast adopter of advanced mobile technologies, with keen market interest in newer payment technologies, the high growth Middle East market is a vital focus of investment opportunity for NewNet,” said Ron Pyles, President and CEO at NewNet. “We are very delighted to work with a leading payment services provider such as Skyband as they expand their services and presence in the region. We can interoperate with point-of-sale devices from any manufacturer, and our high density TC1000 and AG500 solutions provide customers a robust and proven platform. The solution set delivers the highest standards of availability, reliability, security and performance necessary to drive the rapid adoption of advanced payment transaction services.”

The NewNet TC1000 Trax 2.5 System offers a market-leading solution for dial-based carrier class transaction network services to service providers, merchant acquirers and payment processors. The recently enhanced payments platform provides specialized software to allow faster transaction processing of credit card and debit card authorizations, fund transfers, and health and other electronic benefits transfers. The high-density TC1000 platform speeds transaction times with features such as Fast Connect, and supports transaction protocols such as VISA I/II, ISO 8583, TPDU and several custom protocols.

The NewNet AccessGuard platforms provide the required end-to-end security features for mobile and broadband internet payment transaction processing, including SSL acceleration and offloading, digital certificates, and state-of- the-art DUKPT powered encryption and decryption. IPsec provides secure connectivity to host processor systems. The AccessGuard Product Portfolio supports a broad variety of industry standards and vendor-proprietary payment protocols, including Visa I/II, ISO 8583 and TPDU, enabling interoperability between client protocols and host processor protocols. Innovative applications and services such as NFC payments, mobile wallet, Smart Cash and mobile money transfers can be delivered using the AccessGuard platforms.

NewNet will be showcasing and demonstrating its mobile payment solutions portfolio at the upcoming Mobile World Congress, to be held in Barcelona from February 27 to March 1, in Hall1 Booth 1D19.

About Skyband 
Skyband is a member of the Saudi Inteltec Group and is one of the first VSAT service providers in the Kingdom of Saudi Arabia under the license received from the Communication and Information Technology Commission (CITC). Skyband operates VSAT Services, a Network Operation Center and Data Center Managed Services in the Kingdom of Saudi Arabia and offers the latest satellite and VSAT communication technologies for data, voice and video transmission. The Skyband network allows high speed, reliable, robust, cost-effective, scalable and secured communication across the Kingdom and can be availed by all industry segments. Skyband provides end-to-end payment processing services to a significant proportion of merchants in Saudi Arabia. Skyband offers payment services over Dial, IP and Mobile payment devices and terminals and are leaders in the technology area in the region. Skyband designs, delivers and manages customized network solutions for Branch Connectivity. These solutions can be any of the following: (point-to-point, point-to-multipoint, and multipoint-to- multipoint), GSM network and backhauls (cell-on-wheels), ATM and net banking connectivity, mobile ATMs, business continuity planning, Data Center Managed Services (co-location hosting, network-security-storage management, etc.), Network Managed Services, internet access over VSAT carrier, ERP connectivity solutions, video-conferencing, and multicast e-learning solutions.

About NewNet Communication Technologies, LLC 
NewNet Communication Technologies, LLC is a leading provider of innovative solutions for next generation mobile and fixed line networks. NewNet enables global telecom operators and equipment manufacturers to rapidly develop and deploy cutting edge, revenue-generating applications that deliver feature-rich, value added services. Recognized as a trusted leader in the carrier applications market for over 20 years, NewNet has been synonymous with telecom product excellence and development expertise. The company is committed to providing unparalleled service to its customers. With installations in major carrier networks in over 70 countries, NewNet’s product offerings include: The WiMAX end to end wireless broadband product portfolio; TraxcomSecure® electronic transaction processing solutions, which deliver services such as mobile payments, e-banking, and e-commerce; Mercury, the industry’s most complete purpose-built, mobile multimedia content delivery platform; and the Total Control PDSN platform, which provides economic delivery of premium mobile data services in CDMA networks. Other products include Distributed7, the world’s first standards-based signalling platform, and a short message service center (SMSC), which has been deployed in more than 200 wireless networks worldwide. The company is headquartered in the USA, with sales and support teams located around the world. For more information, visit www.newnet.com

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