FAQ on NewNet Secure Transactions and Edisol-Electronic Data Interface Solutions Limited Jamaica Partnership
Summary
What is the main purpose of the partnership between NewNet Secure Transactions and Edisol-Electronic Data Interface Solutions Limited Jamaica?
The partnership aims to deploy NewNet’s Total Control STG systems for secure routing of payment transactions in Jamaica, improving customer experience with faster payments and enhanced security.
Why is this partnership significant for Jamaica?
It introduces advanced secure payment technologies to Jamaica, offering unparalleled security, high volume performance, and efficiency in processing payment transactions, benefiting merchants and customers alike.
How does the NewNet payment system work?
The system offers secure payment routing & switching for various digital payments, leveraging advanced encryption and secure routing technologies, and is designed to support future payment innovations like CBDC and Open Banking.
Who are the key players involved in this initiative?
NewNet Secure Transactions, a global leader in secure payment technologies, and Edisol-Electronic Data Interface Solutions Limited Jamaica, NewNet’s partner for the Caribbean region, are the key players.
When is this payment solution being implemented in Jamaica?
The deployment is announced as of July 31, 2025, with the system expected to improve the customer experience shortly after implementation.
Where in Jamaica is this payment solution being deployed?
The solution is being implemented at a Payment Acquiring Bank in Jamaica, though the specific bank is not named in the content.
What are the benefits of the NewNet payment platform for acquiring banks?
The platform enables banks to rapidly roll out new services, integrate with CBDC pilots, offer digital payment options to the underbanked, and achieve a high return on investment through advanced payment infrastructure.
How can businesses or individuals request a demo or more information about NewNet’s solutions?
Interested parties can request a demo or seek more information about NewNet’s payment solutions and white papers at newnet.com.
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