The partnership between NewNet Secure Transactions, a global leader in secure payment technologies, and Edisol-Electronic Data Interface Solutions Limited Jamaica, marks a significant advancement in the realm of secure payment transactions in Jamaica. This collaboration is set to deploy NewNet's Total Control STG(STG) systems, a comprehensive payment platform designed to secure routing of payment transactions from merchant POS Terminals at Payment Acquiring Bank in Jamaica. The initiative is poised to redefine the payment landscape by offering remarkably faster payments and unparalleled transaction security.
At the heart of this deployment is the NewNet payment system, renowned as the industry's first and only platform offering secure payment routing & switching application for a wide array of digital payments. From In-Store POS payments to Ecommerce, Web, Mobile, Real Time Payments, and more, the system is built to handle high volumes of transactions with efficiency and security. Leveraging advanced encryption and secure routing technologies, the platform ensures reliable services around the clock, catering to the needs of the Bank's merchants and their customers.
Krishna Viswanadham, CEO of NewNet Secure Transactions, expressed enthusiasm about bringing this innovative payment platform to Jamaica. Highlighting the platform's scalability and performance, Viswanadham emphasized the commitment to enhancing the security and reliability of payment transactions in the region. The partnership with Edisol-Electronic Data Interface Solutions Limited Jamaica is a testament to this vision, aiming to facilitate the seamless cloud transformation of payment infrastructure for acquirers and payment services providers.
Robert Lawrence, CEO of Edisol Jamaica, underscored the significance of this collaboration in providing secure and efficient payment solutions to businesses across Jamaica and the wider Caribbean region. The deployment of the NewNet STG systems is expected to enable the future of payments, offering transformative solutions that cater to the evolving needs of the digital economy.
The Jamaican acquiring bank, recognized for its innovative approach and customer service excellence, stands to benefit immensely from the enhanced security and operational efficiency offered by the NewNet STG systems. This initiative not only supports the bank's current operations but also positions it to explore new payment initiatives, including integration with CBDC pilots and digital payment options for the underbanked and unbanked population. For more information on NewNet Secure Transactions, visit https://www.newnet.com.
