Travelex Selects TNS for Payments Connectivity to Banks in Asia
SYDNEY--(BUSINESS WIRE)-- Travelex Outsourcing, a subsidiary of Travelex Limited the worlds leading global specialist provider of foreign exchange, is strengthening its targeting of Malaysia, Singapore and Australia by using managed payments connectivity solutions from Transaction Network Services (NYSE:TNS).
TNS is providing Travelex with regional host connectivity and network access points, enabling transactions between Travelex points-of-sale and its corresponding, customer financial institutions in various countries to enable Dynamic Currency Conversion (DCC) across the Asia Pacific region. With TNS, Travelex and its customers benefit from secure end-to-end managed connectivity utilising a PCI DSS certified backbone network.
Travelex will also be using TNSonline, a web-based network management portal which provides a real time view of network and transaction performance for reporting and troubleshooting.
Damian Cecchi, General Manager of Travelex Outsourcing, said: TNS provides a shared, secure payments-only backbone between our target countries. Working with TNS will enable us to rapidly connect new customers in international markets, at a price point that represents value compared to building it in-house. With TNS scalable, outsourced solution, Travelex can continue to expand its business and services in new markets with new customers, faster.
John Banfield, Senior Vice President and General Manager of TNS Asia Pacific Payments Division, said: TNS is pleased to have been chosen by Travelex to augment its existing in-house capabilities. For more than 20 years TNS has been providing services to financial institutions and merchants around the world, and we look forward to supporting Travelex with our unique expertise and understanding of complex, payment networks as Travelex expands into the Asia region.
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. On behalf of these organizations, each year TNS manages over 15 billion payment transactions across the world and provides services and support to customers in over 60 countries.
For more information about TNS Asia Pacific payments solutions visit www.tnsi.com/au.
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
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Travelex is the world's largest foreign exchange specialist with more than 1,000 retail branches in 24 countries, at key airport, seaport, rail and tourist locations. Over 40% of travelers - 1.7 billion passengers a year - pass through airports where Travelex operates including the major gateways at Amsterdam, Beijing, Frankfurt, Hong Kong, London, Mumbai, New York, Paris, Sydney & Tokyo. Every hour, Travelex provides foreign currency to more than 2,000 customers.
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Jo Moorwood/Fi Khan
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Source: Transaction Network ServicesCopyright Business Wire 2012