Transaction Network Services enhances TNSPay gateway with PayPal
SYDNEY, 7 July 2010 – Transaction Network Services (NYSE:TNS), a global provider of payment solutions, has integrated PayPal as a payment option within its TNSPay gateway, providing its merchants easy access to PayPal’s 84 million global accounts.
This initiative, which is being rolled out across the Asia Pacific region, allows Australia to be the first country to make the solution readily available to merchants via TNS’ payment gateway. Prior to this integration, businesses on the TNSPay gateway would have to request a custom systems integration to use PayPal.
Over the past five years, transactions through PayPal have grown fivefold and over 30,000 Australian merchants currently offer PayPal as a safe and secure payment option. The integration within the TNS platform will enable the merchants using the TNSPay gateway to easily offer PayPal as a payment option.
In addition to providing access to PayPal’s 3 million active accounts in Australia, the solution opens the door to merchants seeking opportunities to sell products or services to overseas markets. With more than 84 million active accounts in 190 markets and 24 currencies, PayPal helps merchants drive sales both domestically and internationally.
“The integration with PayPal through TNS, can reduce associated implementation costs for merchants by removing the need for multiple integrations, whilst maintaining consolidated control for reviewing sales, reporting, refunding and Risk Management,” said John Banfield, Senior Vice President & General Manager, Asia Pacific Payments Division, TNS. “TNS prides itself on offering efficient payment solutions and we are excited to bring this additional benefit which offers a more convenient eCommerce experience for our merchants and their customers. This new gateway feature benefits online merchants seeking to expand their offerings and reach new audiences.”
By adding PayPal, TNS offers merchants a comprehensive range of payment types across a single payment gateway solution. As TNS continues to expand its payment gateway presence globally, this agreement delivers the capability for TNS merchants anywhere to accept PayPal.
“We are delighted that TNS merchants can easily integrate PayPal, providing their customers with the benefits of PayPal’s safe and secure payment service,” said Frerk-Malte Feller, Managing Director, PayPal Australia. “As Australians do more of their shopping online it’s important that they have peace of mind when making a purchase. PayPal keeps financial information private, giving consumers the confidence that their financial information is secure when shopping online.”
– ENDS –
About Transaction Network Services
Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.
TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 40 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
For further information about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’
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 cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods.
<!--[if !supportLineBreakNewLine]-->
About PayPal
PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay without sharing financial information and gives consumers the flexibility to pay in any way they prefer, including through credit cards, bank accounts or account balances. With more than 84 million active accounts (210 million registered) in 190 markets and 24 currencies around the world, PayPal enables global e-commerce. The company's open payment platform, PayPal X,allows developersto build innovative payment applications on multiple platforms and devices. PayPal is an eBay company.
The PayPal online payment service is provided to Australian customers by PayPal Australia Pty. Limited ABN 93 111 195 389 ("PayPal") which holds Australian financial services licence number 304962. Before deciding to sign-up or use the PayPal service you should consider the Product Disclosure Statement, available at www.paypal.com.au. This media release is provided for information purposes only and is not intended as financial product advice.
For more information contact:
Michelle Ramirez
mramirez@tnsi.com
Tel: 9959 0835
| 
POS Transactions 
