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

NewNet Secure Transactions, in partnership with Edisol-Electronic Data Interface Solutions Limited Jamaica, is set to transform the landscape of secure payment transactions in Jamaica through the deployment of its Total Control STG systems. This initiative is poised to significantly enhance the customer experience by ensuring faster payments and heightened transaction security. The NewNet payment system stands out as the industry's first comprehensive platform that supports a wide array of payment methods, including In-Store POS payments, Ecommerce, and Mobile payments, among others, all while ensuring unparalleled security and efficiency.

The collaboration between NewNet Secure Transactions and Edisol-Electronic Data Interface Solutions Limited Jamaica marks a pivotal step towards modernizing Jamaica's payment infrastructure. Krishna Viswanadham, CEO of NewNet Secure Transactions, highlighted the platform's capability to handle up to 21 million peak hour transactions and perform over 100,000 cryptographic operations per second, underscoring the system's robustness and scalability. This partnership not only aims to bolster the security and reliability of payment transactions but also aligns with the broader vision of facilitating the seamless cloud transformation of payment infrastructures for acquirers and payment service providers across the region.

Robert Lawrence, CEO of Edisol Jamaica, emphasized the significance of this collaboration in advancing secure and efficient payment solutions for businesses throughout Jamaica and the wider Caribbean. The deployment of NewNet's STG systems at a leading Jamaican acquiring bank is expected to deliver substantial benefits, including enhanced operational efficiency and the ability to rapidly introduce new payment services to the market. This initiative is particularly timely as the financial industry moves towards embracing Central Bank Digital Currencies (CBDC) and Open Banking, with NewNet's platform offering the necessary infrastructure to support these emerging trends.

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