SHELTON, Conn.--(BUSINESS WIRE)--Elavon, a leading global merchant acquirer, has selected NewNet‘s proven, market leading transaction processing solution for its operation in the fast growing Brazilian payments market. Recognized as one of the top ten payment acquirers in the world, Elavon announced today that it has deployed NewNet’s TraxcomSecure® Total Control 1000 (TC1000) Dial Transaction Gateway platform as the centerpiece of its state-of-the-art payments processing network in Brazil.
NewNet’s TC1000 system will be deployed in multiple locations to meet the capacity and performance requirements of Elavon’s network in Brazil. This high-speed transaction network has the capability to handle several million transactions per year and will enable Elavon to deliver innovative payment solutions for secure point-of-sale devices. Brazil is experiencing robust growth in consumption and credit volume. NewNet payment systems will help Elavon to compete in this fast growing market that demands scale, experience, service quality and innovation.
“We are glad to be building our operations in Brazil together with NewNet payment platforms,” said Sergio Pironato, I.T. Director at Elavon, Brazil. “We have great confidence that the efficiency, security, and performance of NewNet’s market leading payment processing systems will enable us to deliver innovative and superior m-commerce and e-commerce payments services in Brazil.”
NewNet’s payment processing product portfolio includes dial, broadband and mobile payment solutions on the TC1000 and AccessGuard platforms. These solutions enable mobile and wireline carriers, payment processors and acquirers, and financial application providers to expand traditional payment transaction services into the mobile and broadband universe. Carriers can deliver new and innovative payments services on mobile phones, Bluetooth-enabled devices, NFC equipped mobiles, tablets, and other mobile devices with card readers.
“Elavon is a highly successful world leader in the transaction processing arena, and NewNet has a strong history of network support with Elavon in North America and Europe. We are delighted that they have selected us as they expand into Brazil, one of the fastest growing payment processing markets. This market is also a key focus and investment opportunity for NewNet,” said P.J. Louis, NewNet Interim CEO. “The highly secure high density TC1000 solution inter-operates with Point of Sale devices from any manufacturer. NewNet provides a proven platform, with coveted economies of scale, and the highest standards of availability, reliability, security and performance. Our payment transaction customers require this kind of innovative performance and value the expansion capabilities of NewNet’s platform.”
The NewNet Total Control 1000 Trax 2.5 system offers the market-leading solution for dial-based carrier class transaction network services to service providers, merchant acquirers and payment processors. This dial transaction gateway provides specialized software to enable faster transaction processing of credit card and debit card authorizations, fund transfers, and health and other electronic benefits transfers. The high-density TC1000 platform speeds transaction times with features such as Fast Connect, and supports transaction protocols such as VISA I/II, ISO 8583, TPDU and several custom protocols.
The NewNet AccessGuard platform provides the required end-to-end security features for mobile and broadband payment transaction processing, including SSL acceleration and offloading, digital certificates, and state-of-the-art DUKPT powered encryption and decryption. Secure connectivity to host processor systems is provided using IPsec. The AccessGuard portfolio of products supports 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. Innovative applications and carrier services such as mobile wallet, Smart Cash and mobile money transfers can be delivered using the AccessGuard platforms.
NewNet will be showcasing and demonstrating its mobile payment solutions portfolio at the upcoming ETA (Electronic Transaction Association) Trade Show, to be held in Las Vegas April 17-19, booth 1200.
About Elavon
Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp (NYSE: USB) and provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada, Mexico, Puerto Rico and Brazil. Elavon markets solutions including credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring through multiple alliance channels including financial institutions, trade associations and third party sales agents. Elavon’s suite of solutions is tailored to meet the needs of merchants in specialized markets such as small business, retail, hospitality/T&E, health care, education and the public sector. Elavon Brazil is a joint venture between Elavon and Credicard created to offer a full suite of payment solutions to the Brazilian marketplace.
About NewNet Communication Technologies, LLC
NewNet Communication Technologies, LLC is a leading provider of innovative solutions for next generation mobile and fixed line networks. NewNet enables global telecom operators and equipment manufacturers to rapidly develop and deploy cutting edge, revenue-generating applications that deliver feature-rich, value added services. Recognized as a trusted leader in the carrier applications market for over 20 years, NewNet has been synonymous with telecom product excellence and development expertise. The company is committed to providing unparalleled service to its customers. With installations in major carrier networks in over 70 countries, NewNet’s product offerings include: The WiMAX end to end wireless broadband product portfolio; TraxcomSecure® electronic transaction processing solutions, which deliver services such as mobile payments, e-banking, and e-commerce; Mercury, the industry’s most complete purpose-built, mobile multimedia content delivery platform; and the Total Control PDSN platform, which provides economic delivery of premium mobile data services in CDMA networks. Other products include Distributed7, the world’s first standards-based signaling platform, and a short message service center (SMSC), which has been deployed in more than 200 wireless networks worldwide. The company is headquartered in the USA, with sales and support teams located around the world. For more information, visit www.newnet.com.