NewNet Communication Technologies and Spire Payments launch innovative Secure Transaction Cloud(STC) solution

NewNet’s Secure Transaction Cloud (STC) virtualized payment transaction solution is is now available on Spire Payments point of sale (POS) range. This innovative cloud-based transaction transport and routing platform utilises virtual crypto engines located in the cloud and offers an alternative to costly legacy HSM and switching hardware. The STC delivers all the benefits of cloud-based technology to acquirers, gateway providers and transaction processors alike:

  • Highly secure
  • On demand self service
  • Broad network access
  • Resource pooling
  • Dynamic scalability
  • Industry leading measurable performance

Three service models are possible with this virtualized application:  Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). Deployed as private, public, hybrid or community cloud solutions, all customer configurations can be accommodated.

In addition to secure transaction routing and transport, the STC solution can accommodate virtualized secure payment applications which reside in the cloud rather than at end-points.

“NewNet’s STC solution enables the acquiring and processing industry with one of the most innovative and advanced payment applications available on the market today. Working together with Spire, NewNet facilitates migration of customer systems from legacy infrastructures in a seamless manner with STC solution, while meeting enhanced payment security requirements and offering significant financial savings.” said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “This futuristic payment platform allows NewNet to expand its payment gateway technology to existing and emerging customer segments.”

TK Cheung, President of Spire Payments, adds, “Spire Payments has worked closely with NewNet for many years and the STC solution perfectly aligns with our medium-term strategy. The natural progression to thin client architectures is now gaining traction with our customers thanks to superior communication capabilities combined with Spire’s POS end points (SP range) which utilise the very latest advancements in payment processing. Working collaboratively, Spire and NewNet can now deliver a cloud-based end-to-end solution which not only exceeds current industry security requirements but provides the ideal platform for future developments in payments.”

If you are interested in discovering more contact either NewNet or Spire Payments through their respective websites: www.newnet.com and www.spirepayments.com

NewNet is one of the premier global providers of next generation mobile technology solutions offering over 25 years of expertise across four businesses: mobile messaging, payment security, interactive voice communications and broadband wireless. Dedicated to innovation, NewNet provides operators and enterprises with a broad range of solutions that are designed to optimize global communication opportunities. NewNet solutions are available in a variety of applications including on-site, hosted, cloud and managed solutions.

Transaction.Interaction.Convergence

In a world of converging technologies in which e-commerce, mobile commerce, and social networks cross over into traditional electronic payment, Spire Payments applies its thirty years of expertise to bring to market innovative, highly secure and future proof devices and solutions that promote seamless payment transactions to all end-points around a user experience that is both interactive and rewarding.  Spire Payments, a market leading FinTech payment solution provider, is one of the original pioneers to develop world-class secure electronic payment solutions – from fixed, portable and mobile payment solutions to PIN pads and unattended terminals for integration with cash register systems and self-service kiosks.

Serving market segments ranging from the financial and retail to hospitality and transportation and with offices in Spain, the UK, the Czech Republic, Russia, Jordan and Dubai, Spire Payments is a forward-looking alternative to traditional payment terminal suppliers.  With some of the world’s top financial and retail organisations among its customers, the Spire Payments team will always be at the forefront of progress in electronic payments.