CHICAGO, Nov. 28, 2018 /PRNewswire/ -- NewNet Secure Transactions Cloud is expanding its global sales initiatives for its patent pending solutions. STC (Secure Transaction Cloud) is a virtualized system for transmission and processing of payment transactions. Through STC's secure M2M network, SIM cards from any Carrier can now communicate securely from POS (payment terminal) to Acquirers in the $3 Trillion electronic payments industry.
NewNet STC's patent pending technology offers new security mechanisms coupled with the agility of systems operating in the cloud and, consequently, eliminating high infrastructure costs. STC's key benefits include high security, fast time to market, lower cost of ownership, versatility, and industry protocol support.
This has been a growing demand in an increasingly competitive market, where start-ups are causing strong disruption of the most traditional models in the industry.
"We are actively growing our sales team globally and launching trials with leading telcos, financial services companies, processors, and payment gateways. We have been serving some of the largest financial services players for over twenty years with our server-based gateways. Our new cloud-based solution will allow incumbent and new entrant financial services companies to offer innovative cloud payment solutions," said Rick Bigelow, CEO of NewNet and Senior Vice President of Skyview Capital. The suite of services can be viewed via the You Tube video: https://youtu.be/EPlhD_0dZ-g.
North American Sales Director Bob Alvarez recently joined NewNet STC and says "I am excited to bring the NewNet STC solutions to the marketplace. STC serves an important niche in the global electronic payments ecosystem."
"The STC application offers the complete solution. It connects the end points of a financial transaction, from the equipment operating a SIM card protected through secure connections until the final transaction authorization with the financial services systems," said Devarajan Puthupparambil, Head of Business, NewNet's Secure Transactions BU.
NEWNET Secure Transaction is a wholly owned portfolio company of Private Investment Firm, Skyview Capital (www.skyviewcapital.com).
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, global telecom operators, acquirers, processors, financial institutions and enterprises, and we offer state of the art solutions 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, and transport solutions. NewNet's payment systems power 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, and Load Balancing for a wide range of payment types including Internet payments, mobile payments, POS/mPOS based transactions and a variety of eCommerce, mCommerce payments with PCI compliant HSMs. More information is available at www.securetransactionscloud.com.
About Skyview Capital, LLC:
Skyview Capital is a global private investment firm headquartered in Los Angeles specializing in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and niche manufacturing. By leveraging its deep operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed more than 25 transactions within its target market verticals. Visit www.skyviewcapital.com.