SHELTON, Conn.--(BUSINESS WIRE)--NewNet Communication Technologies, a recognized leader in secure transaction processing and wireless network infrastructure, today announced a powerful new addition to its field proven and widely deployed AccessGuard mobile and broadband payment processing product portfolio. The state-of–the-art AccessGuard 1000 (AG1000) platform provides customers with enhanced security, performance and scalability to deliver advanced payment and financial processing services and address the explosive growth of mobile and broadband financial transactions globally.
The AG1000 product is delivered on off the shelf with Intel based servers running Linux in a compact 1U or 2U form factor. The inclusion of specialized hardware accelerators on the server platforms enables the AG1000 to scale to very high rates of simultaneous transactions processed. The AG1000 inherits all the capabilities of the AccessGuard portfolio to deliver field proven support for a broad range of transaction protocols, flexible transaction routing, ease of management and superior analytics and reporting with the integration of the AccessView reporting server.
“Globally, mobile payment transactions continue to grow and portend a much lesser need for cash in the near future,” said Amy Cravens, Senior Analyst of Mobile Payments, NPD / In Stat. “With transactions projected to exceed $636 billion in 2016, having a system like the AccessGuard 1000 that can scale to meet increasing demand is a high priority for carriers and payment acquirers.”
The ubiquitous availability of mobile devices has spurred advances in NFC technology and the availability of mobile wallet solutions from a broad swath of players in the payments market. The industry recognizes the opportunity to further simplify the electronic payments process and enable the adoption of stored value mobile prepaid transactions worldwide by consumers. Providing secure transport of these mobile based transactions as well as enhanced security for the end-to-end data increases the safety and in turn the adoption of these technologies.
“The launch of the AG1000 platform demonstrates our commitment to solidify and grow our global leadership position in the payments processing and financial transactions market,” said P.J. Louis, NewNet Interim CEO. “The AG1000 platform provides a high performance, highly secure and scalable solution and enables our customers to deliver advanced and innovative services to exploit the growth in the payments market. The TraxcomSecure product portfolio, with the addition of the AG1000, provides a robust solution set for our customers to accommodate this growth and achieve their financial goals.”
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.
NewNet will present a comprehensive demonstration of the TraxcomSecure® product suite at the ETA (Electronic Transaction Association) exposition in Las Vegas, April 17-19, 2012 exhibiting in stand 1200. The demonstrations will illustrate how the AccessGuard platforms provide end-to-end contactless payment solutions utilizing smart phones and Bluetooth swipe devices.
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 or www.skyviewcapital.com.