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