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TNS TAKES CENTRE STAGE AT SYDNEY PCI DSS EVENT

Minimising exposure to card fraud and PCI compliance costs highlighted in presentation

3 December 2009 – Payments Solution provider, Transaction Network Services (NYSE:TNS) is presenting the challenges that non-compliance and fraud bring to the payments landscape at the PCI DSS (Payment Card Industry Data Security Standard) Compliance conference in Sydney today.

The TNS presentation offers practical advice on minimising card fraud and streamlining PCI compliance costs through the implementation of managed end-to-end EFTPOS encryption and the outsourcing of stored card data services.

Brad Templeton, Product Marketing Director APAC, who is leading the TNS speaking session said: “As the rate of card data breaches continue to rise, and with the loss of personal data costing Australians over $1 billion in 2007 (Source: ABS), businesses need to consider the options to shift sensitive card data out of their environment and allow them to focus on their core profit objectives.

“There is a minimum standard of compliance that all businesses should adhere to and a range of solutions are now available to reduce the vulnerability to potential threats. TNS offers outsourced solutions, such as TNS Stored Card Payments and TNS Managed POS Encryption, giving businesses the ability to securely process payments without storing card data in their systems, aimed at reducing businesses’ associated costs and scope of PCI DSS compliance.”

Storage of cardholder data presents a number of risks to businesses. This sensitive information carries with it a high risk of being compromised internally and externally, and has the potential to impact the cardholder as well as the merchants themselves. 

Mr Templeton said: “With Australian governments now recognising the need to strengthen penalties for personal data theft and trafficking, this PCI DSS Compliance Conference offers a great opportunity for Australian businesses and their customers to learn about the impact of data breaches and the associated fraud. The event will encourage the industry to take practical steps to move beyond issues of compliance towards best practice in card data security.”

The TNS Stored Card Payments and TNS Managed POS Encryption solutions help reduce the risk of data breach and compliance overhead by shifting the burden of sensitive cardholder data away from the retailer’s responsibility into TNS’ PCI DSS certified processing environments. TNS’ solutions are designed to help reduce exposure to the impacts of data breach, and aid compliance, by protecting cardholder data in most of the common usage scenarios experienced by merchants today.

For more information on TNS solutions, visit www.tnspayments.net.

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 a broad 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.

Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. Today, TNS has offices throughout the world serving customers in 28 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 cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com

For further information please contact:

Clare Cockroft                                                              Michelle Ramirez

PR Manager                                                                  Marcomms PR Specialist

Transaction Network Services                                      Transaction Network Services

Tel: +44 (0)114 292 6416                                            Tel: +61 2 9959 0835

Tel: +1 703 814 8065                                                   mramirez@tnsi.com

ccockroft@tnsi.com