NewNet Secure Transaction Cloud (STC) payment solution is powered by Oracle Cloud and is now available on the Oracle Cloud Marketplace
CHICAGO, April 8, 2022 /PRNewswire/ –NewNet Secure Transactions, a global provider of secure payment transportation systems and a member of Oracle PartnerNetwork (OPN), today announced that its Secure Transaction Cloud (STC) with Oracle Cloud Infrastructure (OCI) Vault solution has achieved Con technology from Oracle Cloud Expertise and is now available at Oracle Cloud Marketplace, offering added value to Oracle Cloud customers. The NewNet Secure Transaction Cloud Payment The solution enables a secure cloud payment switching and routing application to transport large volumes of transactions. The app is expanding to handle fiat and crypto/CBDC payments. STC helps payment companies quickly and cost-effectively scale their digital payments footprint.
NewNet’s STC solution offers a secure cloud-based payment acquisition, processing and issuer processing application with advanced data security, intelligent routing capabilities, comprehensive network functions, point-to-point encryption and tokenization for security of transactions. payment transactions.
NewNet’s STC uses OCI’s globally available platform to offer enhanced scalability, significant processing power, incredible redundancy, and smart management options. With OCI Vault’s advanced encryption and security capabilities, NewNet’s STC provides customers with a single cloud payment application with one of the highest levels of security standards, compliance, and high-speed crypto operations.
Offered as a subscription model, NewNet’s STC supports a variety of payment methods. This includes web and internet payments, mobile payments, wallet payments, A2A/P2P/M2M payments, POS/POI based transactions, ATM transactions and all forms of e-commerce with full PCI compliance. STC offers a payment routing application with integrated payment, security, network and analytics features targeting PSPs, PayFacs, acquirers, processors, mobile/POS providers, banks, FinTech, NSPs, MNOs and BNPL providers.
Oracle Cloud Marketplace is a one-stop shop for Oracle customers looking for trusted business applications that offer unique business solutions, including those that extend Oracle Cloud Applications. oracle cloud is a second-generation enterprise cloud that delivers massive, non-variable performance and next-generation security in a comprehensive portfolio of services that includes SaaS, application development, application hosting, and business analytics. Customers gain access to leading compute, storage, data management, integration, security, HPC, artificial intelligence (AI), and Blockchain services to augment and modernize their critical workloads. Oracle Cloud runs Oracle Autonomous Database, the industry’s first and only autonomous database.
“By leveraging the tremendous capabilities of Oracle Cloud Infrastructure Vault, NewNet’s Secure Transaction Cloud solution enables the payment transaction processing and acquisition industry with one of the most innovative and advanced payment applications for near-seamless migration and growth. significant volume,” said Krishna Viswanadham, President of NewNet Secure Transactions. “Secure Transaction Cloud’s virtualized payment and security features operating on Oracle Cloud Infrastructure ensure enhanced security for current and emerging payment transactions, both for fiat and crypto/CBDC payments, with the strongest encryptions from Oracle Cloud Infrastructure Vault using long-length keys and cryptographic operations handled entirely within the security boundaries of the hardware. We have a patent-pending crypto and fiat payment solution that will enable secure payments across Web 3.0 and the metaverse.”
Matt Thompsonsenior vice president of Capital Skyview said, “We are very excited about this new cloud offering from our portfolio company NewNet Secure Transactions. This innovative new service, in collaboration with Oracle, will provide our new and existing customers with a scalable cloud payment solution.”
“The cloud represents a tremendous opportunity for our partner community,” said David Hicks, Vice President, Worldwide ISV Cloud Business Development, Oracle. “NewNet Secure Transactions’ commitment to innovation with Oracle Cloud Infrastructure Vault and quality execution to help our mutual customers receive secure, cloud-enabled payment solutions ready to meet critical business needs.”
Powered by Oracle Cloud Expertise recognizes OPN members with solutions running on Oracle Cloud. For partners who earn Powered by Oracle Cloud Expertise, this achievement gives customers confidence that the partner’s application is compatible with the Oracle Cloud Infrastructure SLAallowing complete access and control over your cloud infrastructure services, as well as consistent performance.
Click here to access NewNet’s Secure Transaction Cloud on Oracle Cloud Infrastructure for a free trial and explore the features of the application.
About NewNet Secure Transactions
NewNet Secure Transactions is a leading global provider of next-generation payment technology solutions, offering significant years of experience in secure payment solutions. NewNet Secure Transactions provides digital payment infrastructure solutions with intelligent routing and switching features and cloud transformation for acquirers, processors, banks, PSPs, payment gateways, PayFacs, MNOs, NSPs, FinTechs, CSPs, etc. NST systems handle integrated routing of payment transactions, secure network access and payment data security using flexible APIs, accepting omnichannel payments from mobile transactions, web, in-store POS, SmartPOS, mPOS, e-commerce, mobile commerce, BNPL and ATMs, fully compliant with security standards and expanding to simultaneous handling of crypto/CBDC payments. NewNet solutions are deployed with customers in more than 60 countries, handle a quarter of the annual global transaction volume, and are available in both public and private clouds as well as server-based solutions for data centers.
NewNet’s Secure Transaction Cloud (STC) Solution Leverages NewNet’s Secure Payment Transport Aggregate Path[STAR] OS (NPaySTAR OS/NPay* OS) and the complete NPay* payment stack of the NPay* payment platform that offers extensive capabilities for the wide spectrum of entities in the payment ecosystem. The STC application offers NFV-based virtualized secure payment applications with a wide range of Virtual Network Functions (VNF) for payment transaction routing and additional security including:
Protocols based on ISO 20022, ISO8583, APACS, TPDU, VISA, XML/REST
Cloud Payment NAC (Network Access Concentrator / Network Access Controller)
Point-to-Point Encryption (P2PE), Tokenization
Load balancing, multiple host interfaces
Advanced management and reporting
About the Oracle Partner Network
Oracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to the cloud and drive superior business results for customers. The OPN program enables partners to engage with Oracle through tracks aligned with how they go to market: Cloud Build for partners providing products or services built on or integrated with Oracle Cloud; Cloud Sell for partners reselling Oracle Cloud technology; Cloud Service for partners who implement, deploy, and manage Oracle Cloud Services; and License and Hardware for partners who build, service, or sell Oracle software licenses or hardware products. Customers can accelerate their business goals with OPN Partners who have gained expertise in a family of products or a cloud service. To know more visit: http://www.oracle.com/partnernetwork
Oracle, Java and MySQL are registered trademarks of Oracle Corporation.
This press release was issued via 24-7PressRelease.com. For more information visit http://www.24-7pressrelease.com.
View original content to download media:https://www.prnewswire.com/news-releases/newnet-secure-transactions-selects-oracle-cloud-infrastructure-providing-customers-with-secure-and-scalable-cloud-payments-301520434.html
SOURCE NewNet Secure