SYDNEY--(BUSINESS WIRE)--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).
This renewed agreement cements the relationship between the TNS Payments 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 our market-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 the customers’ 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 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 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 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
About MasterCard Worldwide:
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family 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.
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