Under the agreement, NewNet’s TC1000 system is set to enable Elavon to deliver payment services for secure point-of-sale devices.
NewNet’s payment processing product portfolio provides transaction processing across dial, broadband and mobile access technologies with its Total Control 1000 (TC1000) and AccessGuard (AG) platforms.
The NewNet TC1000 Trax 2.5 System provides solutions for dial-based carrier class transaction network services to service providers, merchant acquirers and payment processors. The payments platform provides software which allows transaction processing of credit card and debit card authorizations, fund transfers and other.
The NewNet AccessGuard platforms provides end-to-end security features for mobile and broadband internet payment transaction processing, including SSL acceleration and offloading, digital certificates and DUKPT powered encryption and decryption. Services such as NFC payments, mobile wallet, Smart Cash and mobile money transfers can be delivered using the AccessGuard platforms.
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