⇒ 2011

⇒ 2010
Paymenex™ TransNET opened its worldwide PRA membership application. PRA from India, Ghana and Nigeria connected to the network allowing Paymenex TransNET to process transactions in 5 currencies.

⇒ 2009
Paymenex™ TransNET implemented and tested the 3WSentry card security technology to protect cardholders and merchants. Paymenex TransNET set on BETA release with members in United States and United Kingdom.

⇒ 2008
Paymenex™ incorporated in England & Wales with prime mission to operate the Paymenex™ TransNET, critic was raised about the networking issues with the SMSV solution, prompting a Professional Doctorate research in Information Security at the CITE Graduate School of the University of East London titled E-COMMERCE BOOM and DOOM by Kingsley Chibuzor Aguoru and supervised by Dr. Hamid Jahankani and Dr. Sin Wee Lee.  And 3WSentry Card Security technology was found.

⇒ 2007
The academic solution (SMSV) produced by the research outcome tested on business enviroment by top software engineers, computer security scientists, and Testers from United Kingdom, India, and USA, leading to the conversion of the academic project to a commercial product to offer a business model of "Payment Exchange Transactions Network". The name was acronymized to "Paymenex TransNET" to be a secure interchange network designed for prepaid and Gift cards with SMSV online authentication solution.

⇒ 2006
Academic Research (MSc Information Security) at the University of Liverpool led by Kingsley Chibuzor Aguoru and supervised by Dr. Paul Kingsley investigated the online card payment problems and discovered the causes to be (1) increase in Identity theft, (2) flaws in existing systems and solutions, (3) static nature of data used online to authenticate cardholders and (4) increase in the number of online shoppers, SMSV system discovered as a solution to the problem. 

⇒ 2005
The annual "Fraud the Facts" publication from 1995 - 2005 by APACS (The UK Card Association) shows that card fraud resulting from online card payment leads with more than 52% of other types of card fraud, and there has been a continuous annual increase in loses resulting from online card transactions classified as card-not-present transactions because the card and the cardholder are not present at the point of sale or shop.