Chicago, IL (PRWEB) February 26, 2018
NewNet Communication Technologies is pleased to announce its presence at GSMA Mobile World Congress, the world’s largest mobile industry gathering. NewNet will be exhibiting its powerful cloud-based payment transaction solution, Secure Transaction Cloud (STC), at Booth #8.1K61 in Hall 8.
NewNet’s STC solution is a virtualized payment transaction application designed for public, private or hybrid cloud use. It allows for faster migration to cloud-based infrastructures for a broad spectrum of payment ecosystems, network operators and telecommunication companies. With advanced data security, point-to-point encryption and tokenization for facilitating the end-to-end security of payment transactions, the STC is a highly secure alternative to costly legacy Hardware Security Modules (HSMs) and switching hardware.
Available on Amazon Web Services (AWS) Marketplace, NewNet’s STC empowers MNOs, Cloud Service Providers, and Payment Service Providers for Internet and mobile payment transactions.
The Secure Transaction Cloud (STC) virtualized payment transaction solution is demonstrated at NewNet's Booth at GSMA Mobile World Congress. The demo will be featured on Spire Payments’ Point of Sale (POS), Smartphones, Tablets and Laptop based transactions conducting mobile and Internet payments.
To ensure seamless migration from legacy infrastructures, NewNet’s STC provides a carrier grade payment solution with a comprehensive set of features and benefits:
- High security
- Faster completion of transactions
- Scalability with rapid creation of additional instances
- Assured performance
- Economic deployment with pay per use models
- Reliability for seamless continuous usage of critical functions
“NewNet’s STC solution enables Mobile Network Operators and Cloud Service Providers with one of the most innovative and advanced payment applications available on the market today. Migration from legacy infrastructures is seamless, we are able to exceed payment security requirements while at the same time realize it significant cost savings.” said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “This new delivery platform from NewNet presents the MNOs and CSPs with a powerful solution to generate new revenues from the ever expanding mobile and internet payment segments”.
NewNet’s team of experts will be on hand at GSMA Mobile World Congress (Booth #8.1K61) to explain the features of the Secure Transaction Cloud (STC), show demos and discuss successful implementations. To arrange an onsite meeting, please email Devarajan.puthupparambil(at)newnet(dot)com
NewNet’s STC solution can be accessed at AWS Marketplace here:
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.