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Brazil: Cielo selects NewNet for nationwide expansion of its payments processing network

Wednesday 17 August 2011 10:07 CET | News

Brazilian merchant acquirer and payment processor Cielo has selected NewNet’s TraxcomSecure Total Control 1000 (TC1000) Secure Transaction Processing platform for the nationwide rollout of its payments processing network. NewNet Communication Technologies, a Skyview Capital portfolio company, is a provider of transaction processing, mobile multimedia content delivery and wireless network infrastructure.

Spread nationwide, Cielo’s transaction network Points-of-Presence (POP’s) are located in 14 states in Brazil. NewNet’s TC1000 systems are set to be deployed in multiple locations at each POP. This high-speed transaction network has the capability to handle several billion transactions per year and is expected to enable Cielo to enhance its position in merchant acquiring and payment transaction processing.

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 channels. Carriers can deliver new payment services on mobile phones, Bluetooth-enabled devices, NFC equipped mobiles, tablets, and other mobile devices with card readers.


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Keywords: Cielo, Brazil, NewNet, payments processing, TraxcomSecure Total Control 1000, merchant acquirer, payment processor
Categories: Payments & Commerce
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Countries: World
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Payments & Commerce






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