Spire Payments signs worldwide master distribution agreement with NewNet Communication Technologies
Arlington Heights, IL November 28, 2013 – NewNet Communication Technologies LLC and Spire Payments have entered a distribution agreement for NewNet’s Traxcom Secure Solutions products and services enabling Spire to offer these products and services in all geographies except North America. NewNet is a global leader in mobility technologies with a primary focus in messaging, signalling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions, Interactive Voice Response (IVR), and mobile real time charging and rating.
As Spire Payments continues its geographical expansion it is often asked by prospects and customers to advise on or recommend third party network and routing solutions that are
compatible with Spire Payments devices. The TraxcomSecure network lends itself perfectly to the integration of next generation payment solutions such as mobile POS, where a number of different devices such as smartphones and tablets need to be integrated into the existing trusted and secure payments processing environment. This networking functionality provides a good strategic match for Spire Payments’ entire range of POS devices – including the PosMate Smart™ mobile POS unit.
NewNet also delivers the fundamental security capabilities needed to enable safe and reliable transport of financial transactions, security verification, or any data which requires high levels of industry standard data encryption over many network types. Besides traditional payments the Secure Transaction products opens up new opportunities for Spire Payments, especially in the area of MNOs, hospitality and healthcare verticals.
“Given the breadth of our experience in the electronics payment space, our customers have been looking to Spire to build a strong portfolio of payment solutions and to recommend third party secure payment routing and processing platforms. NewNet has a well-deserved reputation for quality and reliability, so we are extremely pleased to be able to offer the Traxcom Total Control and Access Guard products to our customers as part of a complete offering” stated Kazem Aminaee, CEO of Spire Payments.
TK Cheung, President of NewNet Traxcom Secure Transactions unit, stated, “The NewNet Secure Transaction partnership will enable Spire Payments to offer to its customers a complete end-to-end solution for all payment transactions including mobile, EMV, contact and contactless, and represents a win-win opportunity for both parties.”
About Spire Payments
In a world of converging technologies in which e-commerce, mobile commerce, and social
networks cross over into traditional electronic payment, Spire Payments applies its thirty years of expertise to bring to market innovative, highly secure and future proof devices and solutions that promote seamless payment transactions to all end-points around a user experience that is both interactive and rewarding. Spire Payments, the fastest growing European POS solutions provider, is one of the original pioneers to develop world-class secure electronic payment solutions – from fixed, portable and mobile payment solutions to PIN pads and unattended terminals for integration with cash register systems and self-service kiosks.
Serving market segments ranging from the financial and retail to hospitality and transportation and with offices in Spain, the UK, the Czech Republic, Dubai and Hong Kong, Spire Payments is a forward-looking alternative to traditional payment terminal suppliers. With some of the world’s top financial and retail organisations among its customers, the Spire Payments team will always be at the forefront of progress in electronic payments.