Wednesday, July 6, 2011

DealsDirect Improves Security and Customer Experience with TNSPay

July 05, 2011 07:01 PM Eastern Daylight Time
SYDNEY--(BUSINESS WIRE)--Online consumers visiting Australia’s leading online discount department store, DealsDirect.com.au, are now benefiting from a safer, faster and more user friendly checkout experience thanks to the recently implemented TNSPay™ gateway from Transaction Network Services (NYSE:TNS).
“DealsDirect services around 3,000 orders every day, and our customers expect a reputable and trusted online shopping environment. We chose TNS because its industry reputation and experience in payment security support our requirements. TNSPay will also help address the evolving compliance and payments processing security needs of our online enterprise.”
http://www.tnsi.comDealsDirect has selected TNS to help strengthen the security of its payments processing environment and will use the full suite of TNSPaysolutions, including risk management, hosted payment forms, and stored card tokenization.
Paul Greenberg, Co-Founder and Managing Director, DealsDirect said: “DealsDirect services around 3,000 orders every day, and our customers expect a reputable and trusted online shopping environment. We chose TNS because its industry reputation and experience in payment securitysupport our requirements. TNSPay will also help address the evolving compliance and payments processing security needs of our online enterprise.”
The agreement between DealsDirect and TNS also extends the TNSPay solution to its subsidiary store, DealMe.com.au, which offers daily specials for dining, shopping, beauty treatments and entertainment in major capital cities across Australia.
Mr Greenberg added: “TNS provides a reliable and secure platform for our eCommerce business with reputable and easy to integrate solutions, helping us address the increasing pressures around compliance regulations. TNS’ scalable solutions suit our growing business and protect our bottom line.”
TNSPay’s risk management, hosted payment form and tokenization features can help businesses reduce the costs and risks associated with fraud.
The TNSPay risk management tool helps combat fraud by allowing a merchant to apply risk assessments on selected transaction criteria, which might include paying special attention to transactions from certain countries or from specific customers or cards. Merchants can also set rules to help speed transaction approval for “known” or repeat customers, which can improve customer satisfaction and help to create loyalty.
Hosted payment forms increase security for online systems by removing sensitive customer cardholder information from the merchant’s website. The solution creates an additional level of merchant security as card data information is posted directly to a secure hosted server within the TNS PCI DSS certified processing environment.
In circumstances where cardholder details need to be retained and managed, merchants can use stored card tokenization to securely exchange card details with a token that represents the information. TNS’ secure encrypted database stores the cardholder information remotely, away from a merchant’s system and files, thereby simplifying their complex PCI DSS compliance requirements.
By combining hosted payment forms with stored-card tokenization, TNSPay provides powerful capabilities for reducing PCI DSS scope and improving data security, allowing merchants to collect payment information and process recurring or repeat payments using this information without handling the card data.
John Banfield, Senior Vice President and General Manager, TNS Payments Asia Pacific said: “Research indicates* that 1 in 5 online consumers abandon purchases at point of card entry due to doubts regarding the integrity of the site’s payment security. By utilising TNSPay, DealsDirect is incorporating steps to secure its eCommerce environment, with the added benefit of a potential reduction in the cost and complexity of its PCI DSS audits. This is because TNSPay complies with the information security standards as defined by the Payment Card Industry Security Standards Council.”
The TNSPay gateway, which processes more than a quarter of a billion transactions a year for over 30,000 merchants, is part of a comprehensive range of payment services TNS has developed since entering the card transaction processing market as a Payment Service Provider over 20 years ago. Through TNSPay and its broader payment solution offering, TNS now connects over a million merchants and retailer locations to the world’s leading banks, acquirers and processors, enabling secure, efficient and cost-effective delivery and processing of payments.
The core TNS Secure Payments Network is leveraged by the TNSPay platform. This high-availability network spans the globe and has connections into the world’s leading processors and acquirers. With the ability to provide the TNSPay solution directly to merchants or to distribute it via partnerships, TNS has been able to assist companies, including leading card associations, retailers such as Westfield Group, and travel companies such as Continental Airlines, expand and grow their businesses.
TNS’ global expertise extends to more than 60 countries across the Asia Pacific, Europe, and the Americas regions. For more information about TNS and TNSPay visit www.tnsi.com.au.
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 60 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.
About DealsDirect:
DealsDirect.com.au is Australia’s leading online discount department store. If you love a bargain, you’ll love DealsDirect.com.au! We offer a huge range of 7,500 big brand names and quality products at heavily discounted prices in 24 categories – everything from toys, manchester, wine, electrical appliances, homewares, home furniture, outdoors, sports and fitness, electronics, floor rugs and more.

Contacts

Transaction Network Services
Clare Cockroft
PR Manager
Tel: +44 (0)114 292 6416
Tel: +1 703 814 8065
ccockroft@tnsi.com
or
Michelle Ramirez
Marketing Communications Specialist
Tel: +61 2 9959 0835
mramirez@tnsi.com
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