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NewNet Solution Helps Skyband Upgrade Secure Payment Network

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NewNet Solution Helps Skyband Upgrade Secure Payment Network

 
January 30, 2012

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  By Carolyn J Dawson, TMCnet Contributor

NewNet's (News - Alert) TraxcomSecure portfolio of dial, IP and mobile payment products will be leveraged by Skyband, a service provider in Saudi Arabia, to upgrade its payments processing network.


In a release, Ron Pyles, President and CEO at NewNet, said, "As a fast adopter of advanced mobile technologies, with keen market interest in newer payment technologies, the high growth Middle East market is a vital focus of investment opportunity for NewNet. We are very delighted to work with a leading payment services provider such as Skyband as they expand their services and presence in the region. We can interoperate with point-of-sale devices from any manufacturer, and our high density TC1000 and AG500 solutions provide customers a robust and proven platform. The solution set delivers the highest standards of availability, reliability, security and performance necessary to drive the rapid adoption of advanced payment transaction services."

The Middle East is experiencing a great deal of card usage, which has resulted in a massive spike in electronic payment transactions. NewNet’s high-speed transaction network is well equipped to handle several million transactions and will now help Skyband to provide innovative payment solutions and compete in a fast paced market that requires experience, service, quality and creativity.

Osman Oueida, Executive Vice President at Skyband, said, “Strong growth in our payment transaction business prompted us to seek a vendor with a proven track record who can help us plan for the future, as well as accommodate our immediate needs. We are very pleased to partner with NewNet to upgrade our payments network infrastructure. We believe that the efficiency, security, and performance offered by NewNet's market leading payment processing systems will enable us to deliver advanced and superior m-commerce and e-commerce payment services through our network. This upgrade complements our growth objectives to offer our service capabilities in the broader Middle East market, including our NFC (near field communications) initiatives. We are especially pleased with the deployment speed and the world class support we have received from NewNet."

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Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Rich Steeves
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