MasterCard Renews Multi-year Payment Technology Agreement with Transaction Network Services
Sydney, Australia, 9 March, 2010 – Transaction Network Services (NYSE: TNS) has renewed its agreement with MasterCard to provide payment server software for MasterCard’s ecommerce platform, the MasterCard Internet Gateway Service (MiGS).
MiGS provides an outsourced payment gateway service for MasterCard’s bank acquirers and merchant customers. The MiGS platform provides Card-Not-Present transactions for online activities, including eCommerce and purchases via mobiles and telephones. It is used worldwide by more than 70 bank acquirers and over 17,000 merchants.
This renewed agreement cements the relationship between the TNS Payment Division and MasterCard which began in 2007.
Shuan Ghaidan, Group Head, Customer Delivery, Asia/Pacific, Middle East & Africa Region, MasterCard, said: “The agreement with TNS was renewed because of their track record for supporting our business needs over the term of our previous agreement. This renewed agreement will enable MasterCard to continue to deliver value to customers through ourmarket-leading hosted processing services.
“With TNS’ payments technology, MasterCard can continue to offer flexible payment types and administrative tools for empowering our customers,ensuring a secure environment for transactions, and simplifying thecustomers’ payment experience.”
TNS supports MiGS with payment software for a range of online payments services commonly used in Card-Not-Present transactions. TNS technology enables processing of multi-regional card transactions and supports a secure, reliable and efficient payments environment.
John Banfield, Senior Vice President and General Manager of TNS’ Asia Pacific Payments Division, said: “TNS is proud to be the chosen technology partner for the MiGS eCommerce processing platform. This agreement affirms TNS’ commitment to MasterCard’s vision of the future of eCommerce.”
TNS is a global provider of payment solutions, connecting merchants and retailers to the world’s leading banks, acquirers and processors to enable secure, efficient and cost-effective delivery and processing of payments. TNS’ Payments Division provides a wide array of end-to-end managed solutions designed specifically for the payments market, including solutions for acquirers, processors, merchants and other payment service providers.
For more information about TNS visit www.tnsi.com.
About Transaction Network Services:
Transaction Network Services (TNS) is an international data communications company that enables payments, money and voices, to move around the world. TNS’ mission is to enable the world to transact. It does this through abroad range of networking, communications and value added services, which it provides to many of the world’s leading retailers, banks/processors, telecommunications companies and financial markets.
Sinceits inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport oftransaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable andaccessible by multiple methods. Today, TNS has offices throughout the world serving customers in 40 countries with the ability to provide services in other countries. For further information about TNS, visit www.tnsi.com
Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could causeactual results to differ materially from historical results orperformance and from any opinions or statements expressed with respectto future periods. www.tnsi.com
About MasterCard Worldwide:
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders andmerchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysisand consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through itsfamily of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews.
For further information please contact:
Michelle Ramirez
Marcomms & PR Specialist
Transaction Network Services
Tel: +61 2 9959 0835
mramirez@tnsi.com
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