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Shelton, CT – February 7, 2011 – NewNet Communication Technologies, a Skyview Capital portfolio company and a recognized leader in mobile multimedia content delivery, secure transaction processing and wireless network infrastructure, today announced the launch of its Traxcom AccessGuard portfolio, a suite of extremely secure, high performance, carrier grade transaction processing gateway solutions. The AccessGuard product suite enables mobile carriers, payment processors and acquirers, and financial application providers to expand traditional payment transaction services into the mobile universe and deliver new innovative services on smart phones, Bluetooth enabled devices, and with smart phone applications such as Smart Checks, e-Wallet, Smart Cash and mobile money transfers.
The AccessGuard platforms are fully compliant with Payment Card Interconnect Digital Security Standards (PCI-DSS) and the Derived Unique Key Payment Transaction (DUKPT) cryptography standards. They are designed to deliver the required end-to-end security features including SSL acceleration and offloading, digital certificates, and state-of-the-art DUKPT powered encryption and decryption for client applications. Secure connectivity to host processor systems is provided using IPsec. The AccessGuard portfolio of products support a broad variety of industry standards and vendor proprietary payment protocols including Visa I/II, ISO 8583 and TPDU, enabling interoperability between client protocols and host processor protocols. It provides intelligent routing of transactions to host processing platforms, and supports load balancing and geo-redundant operations.
“The launch of the AccessGuard platforms demonstrates our strong support and commitment to the recently acquired Traxcom business,” said Ron Pyles, President and CEO of NewNet. “Mobile carriers are exploring new services and applications to drive revenue and growth. Our Traxcom product family and our innovative Mercury mobile multimedia content delivery platform are very well positioned to help our customers achieve their financial goals.”
“Globally, mobile payment transactions will exceed $1 trillion by 2014,” said Prasad Kallur, NewNet’s Executive Vice President for Business Development. “Ubiquitous availability of mobile connectivity and the advent of a broad range of smart devices and advanced feature phones will enable customers to deliver new secure transaction services for mobile applications such as payments, banking, money transfers and document exchange by utilizing the versatile feature sets offered by the AccessGuard platforms.”
NewNet will present comprehensive demonstrations of the Traxcom product suite at the Mobile World Congress in Barcelona on February 14-17, 2011. Live demonstrations will illustrate how the AccessGuard platforms provide end-to-end contactless payment solutions utilizing smart phones and Bluetooth swipe devices. NewNet will be in stand 1G03 in Hall 1.
About NewNet Communication Technologies, LLC
NewNet Communication Technologies, LLC, is a leading provider of software and services supporting innovative mobile multimedia content delivery, secure transaction processing, and wireless network infrastructure to leading telecom operators worldwide. NewNet solutions are installed in major carrier networks in over 70 countries, powering a broad range of revenue generating applications and services. NewNet’s products and services enable carriers and telecom equipment manufacturers to enrich the mobile subscriber’s experience. For nearly two decades NewNet has been synonymous with telecom product excellence and is committed to providing unparalleled service to its customers. NewNet is headquartered in the USA, with sales and support teams located around the world. For more information, visit www.newnet.com