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Transaction Network Services: Secure and Reliable Payment System Networks
The importance of preserving the integrity and security of payment systems is a widely discussed topic amongst the retailers around the world. While Omni-channel retailing and e-commerce enables retailers to attain greater sales, the concerns associated with the payments systems are hindering retailers adopting these means. Established by a group of proficient strategists in Reston, Virgina, USA Transaction Network Services acts as a catalyst for enabling payments via its managed network solutions that support real-time payment transaction transportation.
Being an industry-leading solution provider for the retail, financial, and telecommunication industries since 1990, Transaction Network Services (TNS) offers a range of networking and communications services that are powered by innovation, advanced technology, experience, and service resilience and excellence. The company's quintessential portfolio of networking and communication services includes data communications and interoperability solutions, payment solutions, telecom solutions and financial solutions. With over 259 active connections operating across ten markets in Asia Pacific, and more than 1,250 globally, this 27-year-old company has become the choice of customers across various sectors not just to transact payments securely but also to build and manage their mission critical platforms competently.
From point–of-sale terminals to unattended payment kiosks, and e-commerce transactions to ATMs , the company runs the infrastructure behind the scenes that enables and powers its customer's payment strategies instantly and securely. “TNS supports major organizations worldwide, processes payment transactions from more than 100k ATMs and 3 million point of sale terminals.
By delivering a centralized operational model that eliminates the payment concerns of any industry, the company helps its clients minimize complexity, reduce risk, and increase speed to the market. As an established company with over decades of experience in serving customers from varied industries, the company specializes in secure and resilient transaction delivery services that enable a successful delivery of payments anywhere at any time. The seasoned professionals at Transaction Network Services also provide 24/7 support to its customers around the world.
The company's capabilities in delivering a payment system irrespective of the industry its clients are operating in further help TNS to spearhead the other payment solution providers in the worldwide market. Throughout the journey, the company's vision has been delivering mission-critical solutions via a managed service model that helps clients meet their payment needs across all communication mediums, including SIMs Dial, Wireless and SSL. The company's endeavors to this end have helped its clients in various sectors to expand their services across various regions exponentially, where TNS clients connect once to TNS and then TNS manages the down stream end points for its clients globally. Today, Transaction Network Services delivers services to customers in over 60 countries throughout the world.
Transaction Network Services has connectivity to all the endpoints that are used by organizations to process and settle payment transactions. With more than 1600 customers operating across the globe, Transaction Network Services has become a synonym for payment services. Led by a team of world-class executives, the company not only simplifies clients payment operations but also ensures that their clients are in compliance with unique regulatory requirements and maintains a variable operating expense model without the need for continous capital investment.
Since 1996, the company has been operating and managing the connectivity for payment processing for one of the UK’s largest a multinational credit card and payment service providers. With its top-notch managed service model, the company helped the customer’s merchants and large corporate clients to connect with many acquirers and other third parties instantly, in a secure and reliable manner. “Our services have further supported its endeavours to streamline its network operations and processing activities and offer its customers a true one-stop shop,” adds Tait.
In the coming years, the company intends to focus more on supporting transaction payment processing and e-commerce in the online space. In terms of geographical expansion, “We will help our customers to expand regionally, nationally, and globally”.