CHICAGO, June 7, 2019 /PRNewswire-PRWeb/ -- NewNet Secure Transactions and Bleu are working to develop innovative payment systems which offer localized offerings as well as enhanced and lower cost payment routing.
Sesie Bonsi, CEO of Bleu says of the Partnership, "We are pleased to work with NewNet Secure Transactions. NewNet has 20-plus years of experience, serving some of the most established names in electronic payments. Their experience and customer base combined with Bleu's innovative, next-generation Point-of-sale and payment solutions will bring a new paradigm to the world of payments."
Krishna Viswanadham, President of Secure Transactions says, "We are excited by this partnership to offer NewNet's industry leading cloud based STC application for secure routing of transactions from Bleu's payment accepting solutions with several leading Processors. We see lot of opportunities for integrated payments and value-added loyalty services in multiple financial and non-financial vertical industries."
NewNet serves some of the largest payment companies in the world and sees an opportunity to work with Bleu on new payment experiences for large enterprise clients, fans, and customers.
The combination of our two companies' technologies is a disruptive force in payments. NewNet Secure Transactions has a patent pending payment encryption and routing system.
Bleu has developed a patented Bluetooth payment and engagement platform that allows customers and fans to pay anywhere, anytime.
The firms plan on deploying these payment capabilities in early 2020.
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 Bleu Tech Enterprises
Bleu's business process management software allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology, financial services and human resources.
Merchant's have access to the full suite of applications from account & payments, HR, compliance, IT, retail operations, Inventory and CRM.
The Bleu Point of Transaction (PoT) network allows customers to pay wherever, whenever. A universal payment gateway, leveraging Bluetooth and enabling all forms of payment including mobile to mobile and chip cards, and a mobile platform for customer loyalty and engagement.
With each transaction through our patented method, the merchant is able to use in-store analytics and specific payment data to deliver a personalized shopping experience back to the customer.
For more information go to http://www.bleuco.com
SOURCE NewNet Communication Technologies