NewNet Secure Transactions and Edisol-Electronic Data Interface Solutions Limited Jamaica Partner to Revolutionize Payment Security in Jamaica

NewNet Secure Transactions, a global leader in secure payment technologies, has announced a strategic partnership with Edisol-Electronic Data Interface Solutions Limited Jamaica to deploy its Total Control STG systems in Jamaica. This collaboration aims to transform the secure payment transaction landscape by offering faster payments and enhanced security for merchants and customers alike.

The NewNet payment system is distinguished as the industry's first comprehensive platform that supports a wide range of payment methods, including In-Store POS payments, Ecommerce, Mobile, and Real Time Payments, among others. Its deployment in Jamaica is expected to significantly improve the efficiency and security of payment transactions, leveraging advanced encryption and secure routing technologies.

Krishna Viswanadham, CEO of NewNet Secure Transactions, highlighted the platform's capability to handle up to 21 million peak hour transactions and perform cryptographic operations at speeds exceeding 100,000 per second. This partnership underscores NewNet's commitment to advancing payment infrastructure in the Caribbean region, with a vision to facilitate seamless cloud transformation for acquirers and payment service providers.

Robert Lawrence, CEO of Edisol Jamaica, emphasized the significance of this collaboration in providing secure and efficient payment solutions across Jamaica and the wider Caribbean. The partnership is set to enable businesses to adopt future-ready payment technologies, including integration with CBDC pilots and digital payment options for the underbanked population.

The Jamaican acquiring bank, a key beneficiary of this initiative, will gain from the operational efficiencies and enhanced security features of the NewNet STG systems. This deployment not only promises to streamline payment processes but also offers the bank the agility to introduce new services to the market swiftly, ensuring a competitive edge and a solid return on investment.

For further details on NewNet Secure Transactions and its innovative payment solutions, visit https://www.newnet.com. Information about Edisol-Electronic Data Interface Solutions Limited Jamaica can be found at their official website.