Consider an e-commerce marketplace for leading consumer brands annually transacting $14 Billion worth of purchase payments from customers and having to pay over $1 Billion in various fees to accept digital payments. Sounds surprising, but at a closer look it is very much the stark reality. To make it worse, as volume grows so do the fees & charges!

The fees include fees for merchant acquiring, card interchange, security services, dashboards, standards compliance, and per transaction charges etc., and more. Have such e-commerce providers got options to manage these payment transactions at far less fees per transaction and make savings in several hundred million dollars?

Absolutely yes, with NewNet Secure Transactions and the industry first cloud payment solution of Secure Transaction Cloud(STC). NewNet STC is enabling the providers to be the Payment Service Provider of their own with proven interfaces with any leading or standard payment processor in all global regions for web, mobile payments and omnichannel commerce.

STC ensures full conformance to security standards, support of latest payment protocols including ISO 20022, high volume performance for the peak transactions, and industry reputed support services round the clock. All these made available on multiple global cloud service providers’ infrastructure including AWS, Azure, and Oracle Cloud. 

Contact NewNet Sales at [email protected] for additional information.