NewNet and its Partner Neubits Completes Successful Trial of Secure Transaction Cloud (STC) on Amazon Web Services in Singapore

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NewNet announces extended availability of its new secure payment transport and acquiring solution, Secure Transaction Cloud (STC), after successful trial in Singapore.

NewNet Communication Technologies announced the successful trial of its new secure payment transport and acquiring solution,Secure Transaction Cloud (STC), on Amazon Web Services (AWS) cloud infrastructure with CloudHSM in Singapore. The trial successfully tested transactions for retail payments, internet payments and mobile payments with Smart POS/mPOS/POS terminals, web payment clients, and POI devices.

NewNet´s Secure Transaction Cloud (STC) provides acquirers, processors, and payment services providers with a scalable transaction transport and routing system that enables fast transaction processing of credit card authorization. The virtualized capabilities allow STC to support a wide range of payment types including all forms of eCommerce and mCommerce payments together with internet/mobile POS/POI payment transactions with PCI standard compliant security utilizing HSMs. STC serves the multi-billion dollar electronic payments market.

“The successful trial of the Secure Transaction Cloud provides acquirers, processors, payment services providers and other payment ecosystem entities in Singapore to confidently plan migration to a private or public cloud infrastructure,” said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “We are excited to have our new cloud payment application successfully tested in Singapore with Neubits, and look forward to more successes here and in other countries.”

“We are proud to partner NewNet for the completion of a successful trial of Secure Transaction Cloud (STC) in Singapore,” said Albert Png, Managing Director of Neubits.
“NewNet’s new virtualized payment application for the cloud – STC, will certainly benefit the payment industry. We look forward to more collaboration with NewNet in the future.”

Available on Amazon Web Services (AWS) Marketplace, NewNet’s Secure Transaction Cloud (STC) supports usages in public, private, or hybrid cloud infrastructure with advanced data security, point-to-point encryption, and tokenization.

Visit Amazon Web Services (AWS) Marketplace anytime to get started with a free trial.

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. More information is available at http://www.securetransactionscloud.com

About Neubits
Neubits Pte Ltd is a leading ICT solutions provider offering a comprehensive range of products, solutions and services in security and network infrastructure. Neubits serves a large customer base in the market sectors of enterprise (including banks and financial institutions), government and transport, and service providers. Keeping itself abreast of the latest technological advancement, Neubits is poised to provide the global market with its strategic and ingenious solutions and quality services to support the digital transformation of its customers.
Visit us at http://www.neubits.net

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Devarajan Puthupparambil
@NewNetCT
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