11.03.2005 22:53:00
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CardSystems Solutions Renews with TNS to Provide Data Network Services
Business Editors
RESTON, Va.--(BUSINESS WIRE)--March 11, 2005--Transaction Network Services, Inc., a subsidiary of TNS, Inc. (NYSE:TNS), today announced that CardSystems Solutions Inc., a world leader in electronic transaction processing services, has again selected TNS to deliver CardSystems Solutions' primary transaction network transport in the United States.
"Reliable data communication is imperative in merchant services," said John Perry, President and CEO of CardSystems. "TNS offers a truly robust communication network that ensures our merchants will continue to receive the premium services that help them run their business more efficiently and cost-effectively."
"This agreement represents CardSystems Solutions' ongoing confidence in TNS to deliver critical POS solutions," said Heidi Goff, Executive Vice President and General Manager of TNS' POS Division. "We are very pleased to be broadening the scope of our relationship to provide network coverage to transport CardSystems Solutions' transaction traffic seamlessly throughout the U.S."
About Transaction Network Services
Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery platforms that enable transaction authorization and processing across several vertical markets and trading communities.
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. TNS' network technologies have been deployed in the United States and internationally, and TNS' networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine markets. For further information about TNS' transaction solutions, please refer to www.tnsi.com.
The statements and information contained in this press release 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 TNS 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. TNS disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.
About CardSystems
CardSystems Solutions Inc. is a leading provider of integrated payment solutions to associations, financial institutions, Independent Sales Organizations (ISO) and retail merchants. With CardSystems' comprehensive and flexible array of processing services, clients can manage the entire payment processing cycle and customize services to fit their needs while maintaining complete control of risk, dispute resolution and proprietary customer data. CardSystems' intelligent enabling technologies include an expert system, neural network and service offerings optimized for the card processing industry. CardSystems products include traditional terminals, integrated applications, and e-payment solutions. The company processes payment transactions for more than 115,000 customer locations. For more information on CardSystems, visit www.cardsystems.com.
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CONTACT: TNS, Inc. Mike Murphy, 703-453-8550 mmurphy@tnsi.com or CardSystems Solutions, Inc. Bill Reeves, 770-395-2950 bill.reeves@cardsystems.com
KEYWORD: VIRGINIA INDUSTRY KEYWORD: HARDWARE SOFTWARE NETWORKING INTERNET E-COMMERCE PRODUCT MARKETING AGREEMENTS SOURCE: Transaction Network Services, Inc.
Copyright Business Wire 2005
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