NewNet Secure Transactions Partners with Edisol-Electronic Data Interface Solutions Limited Jamaica to Revolutionize Payment Security
The collaboration between NewNet Secure Transactions and Edisol-Electronic Data Interface Solutions Limited Jamaica introduces a cutting-edge payment platform to Jamaica, promising enhanced security, efficiency, and scalability in digital transactions.
The partnership between NewNet Secure Transactions and Edisol-Electronic Data Interface Solutions Limited Jamaica marks a significant advancement in the realm of secure digital payments in Jamaica. This collaboration introduces the Total Control STG(STG) systems, a pioneering payment platform designed to streamline the routing of transactions from merchant POS terminals at payment acquiring banks, ensuring both speed and security.
At the heart of this initiative is the NewNet payment system, renowned for its comprehensive capabilities in handling a wide array of digital payments, including In-Store POS, Ecommerce, Web, Mobile, and Real Time Payments, among others. The system's deployment in Jamaica is poised to transform the payment landscape by offering unmatched security features, scalability, and efficiency, leveraging advanced encryption and secure routing technologies.
Krishna Viswanadham, CEO of NewNet Secure Transactions, highlighted the platform's industry-leading features, such as its ability to process up to 21 million peak hour transactions and perform cryptographic operations at speeds exceeding 100,000 per second. These capabilities underscore the platform's readiness to meet the growing demands of Jamaica's digital payment ecosystem.
Robert Lawrence, CEO of Edisol Jamaica, emphasized the strategic importance of this partnership in bolstering the security and reliability of payment transactions across Jamaica and the Caribbean. The collaboration not only enhances the operational efficiency of the Jamaican acquiring bank but also paves the way for future payment innovations, including integration with CBDC pilots and digital payment options for the underbanked.
The NewNet payment platform's introduction in Jamaica is a testament to the country's commitment to embracing digital transformation in the financial sector. By enabling rapid deployment of new services and ensuring a high return on investment, the platform sets a new standard for payment infrastructure in the region. For more information on NewNet's innovative solutions, visit https://www.newnet.com.