Transaction Network Services: Secure and Reliable Payment System Networks
John Tait, MD, APACBeing an industry-leading solution provider for the retail, financial, and telecommunication industries since 1990, Transaction Network Services (TNS) offers a range of networking and communications services that are powered by innovation, advanced technology, experience, and service resilience and excellence. The company's quintessential portfolio of networking and communication services includes data communications and interoperability solutions, payment solutions, telecom solutions and financial solutions. With over 259 active connections operating across ten markets in Asia Pacific, and more than 1,250 globally, this 27-year-old company has become the choice of customers across various sectors not just to transact payments securely but also to build and manage their mission critical platforms competently.
From point–of-sale terminals to unattended payment kiosks, and e-commerce transactions to ATMs , the company runs the infrastructure behind the scenes that enables and powers its customer's payment strategies instantly and securely. “TNS supports major organizations worldwide, processes payment transactions from more than 100k ATMs and 3 million point of sale terminals.
Annually our business processes over 24 billion payment transactions,” states John Tait Managing Director, APAC, Payment Services, Transaction Network Services.
By delivering a centralized operational model that eliminates the payment concerns of any industry, the company helps its clients minimize complexity, reduce risk, and increase speed to the market. As an established company with over decades of experience in serving customers from varied industries, the company specializes in secure and resilient transaction delivery services that enable a successful delivery of payments anywhere at any time. The seasoned professionals at Transaction Network Services also provide 24/7 support to its customers around the world.
The company's capabilities in delivering a payment system irrespective of the industry its clients are operating in further help TNS to spearhead the other payment solution providers in the worldwide market. Throughout the journey, the company's vision has been delivering mission-critical solutions via a managed service model that helps clients meet their payment needs across all communication mediums, including SIMs Dial, Wireless and SSL. The company's endeavors to this end have helped its clients in various sectors to expand their services across various regions exponentially, where TNS clients connect once to TNS and then TNS manages the down stream end points for its clients globally. Today, Transaction Network Services delivers services to customers in over 60 countries throughout the world.
Transaction Network Services has connectivity to all the endpoints that are used by organizations to process and settle payment transactions. With more than 1600 customers operating across the globe, Transaction Network Services has become a synonym for payment services. Led by a team of world-class executives, the company not only simplifies clients payment operations but also ensures that their clients are in compliance with unique regulatory requirements and maintains a variable operating expense model without the need for continous capital investment.
Since 1996, the company has been operating and managing the connectivity for payment processing for one of the UK’s largest a multinational credit card and payment service providers. With its top-notch managed service model, the company helped the customer’s merchants and large corporate clients to connect with many acquirers and other third parties instantly, in a secure and reliable manner. “Our services have further supported its endeavours to streamline its network operations and processing activities and offer its customers a true one-stop shop,” adds Tait.
In the coming years, the company intends to focus more on supporting transaction payment processing and e-commerce in the online space. In terms of geographical expansion, “We will help our customers to expand regionally, nationally, and globally”.
By delivering a centralized operational model that eliminates the payment concerns of any industry, the company helps its clients minimize complexity, reduce risk, and increase speed to the market. As an established company with over decades of experience in serving customers from varied industries, the company specializes in secure and resilient transaction delivery services that enable a successful delivery of payments anywhere at any time. The seasoned professionals at Transaction Network Services also provide 24/7 support to its customers around the world.
The company's capabilities in delivering a payment system irrespective of the industry its clients are operating in further help TNS to spearhead the other payment solution providers in the worldwide market. Throughout the journey, the company's vision has been delivering mission-critical solutions via a managed service model that helps clients meet their payment needs across all communication mediums, including SIMs Dial, Wireless and SSL. The company's endeavors to this end have helped its clients in various sectors to expand their services across various regions exponentially, where TNS clients connect once to TNS and then TNS manages the down stream end points for its clients globally. Today, Transaction Network Services delivers services to customers in over 60 countries throughout the world.
Transaction Network Services has connectivity to all the endpoints that are used by organizations to process and settle payment transactions. With more than 1600 customers operating across the globe, Transaction Network Services has become a synonym for payment services. Led by a team of world-class executives, the company not only simplifies clients payment operations but also ensures that their clients are in compliance with unique regulatory requirements and maintains a variable operating expense model without the need for continous capital investment.
Since 1996, the company has been operating and managing the connectivity for payment processing for one of the UK’s largest a multinational credit card and payment service providers. With its top-notch managed service model, the company helped the customer’s merchants and large corporate clients to connect with many acquirers and other third parties instantly, in a secure and reliable manner. “Our services have further supported its endeavours to streamline its network operations and processing activities and offer its customers a true one-stop shop,” adds Tait.
In the coming years, the company intends to focus more on supporting transaction payment processing and e-commerce in the online space. In terms of geographical expansion, “We will help our customers to expand regionally, nationally, and globally”.
Transaction Network Services News
Payments Specialist Joins TNS to Lead UK and Ireland Business
TNS Recognized with Two TradingTech Insight Awards USA 2024
RESTON, Va. - Transaction Network Services (TNS) announced that it was recognized twice at the 2024 TradingTech Insight Awards USA. TNS received awards for Best Low Latency Data Feed and for Best Time Stamping / Latency Measurement System for West Highland,... , a TNS Company. The wins follow TNS’ strategic acquisition of West Highland Support Services in November 2023.
The annual TradingTech Insight Awards USA program is a peer-driven program that recognizes excellence in trading solutions and services for capital markets, focusing on vendors providing exceptional and innovative trading infrastructure, trading technology, and data solutions. The awards are a program of publication TradingTech Insight, part of the A-Team Group. A-Team editors work closely with an Advisory Board to select the shortlist in each award category, and members of the capital markets community then vote to determine the winners. The results of the 2024 edition were revealed at the TradingTech Insight USA Awards Winners Reception in New York last week.
TNS’ ultra-low latency Layer 1 technology for direct exchange access within the data center was the first of its kind to be offered and deployed globally. It eradicates the need for multiple switches by using a single-hop architecture to deliver direct exchange connectivity in as little as 5 to 85 nanoseconds. With access to more than 130 exchanges across 25 countries and extensive in-house expertise in each location, TNS can deliver low latency mutualized market data feeds as well as raw data with full segregation of A and B feeds.
In a move to expand TNS’ service offering, the acquisition of West Highland and its comprehensive ALIVE, Data Notification Manager and Web Access Control Manager solutions enables TNS to deliver market data services across the entire trading stack. The combination of TNS and West Highland services into one stack provides management of market data distribution platforms, market data monitoring, and single pane-of-glass insight for clients in the financial services industry.
"This year’s award wins are a testament to our unwavering commitment to providing innovative solutions that meet the needs of the financial markets industry globally," said Tom Lazenga, General Manager, TNS Financial Markets. “It’s even more exciting to win this year because we are recognized jointly with our new West Highland team. Our goal is to enable our clients to benefit from speed, global reach and world class support, so it’s rewarding that the industry has voted for our services to be recognized again.”
“Congratulations to Transaction Network Services (TNS) for winning the Best Low Latency Data Feed award and West Highland Support Services for winning the Best Time Stamping / Latency Measurement System award in this year’s A-Team Group TradingTech Insight Awards USA 2024,” said Angela Wilbraham, CEO at A-Team Group. “These awards celebrate excellence in trading solutions, services and consultancy for capital markets, and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions in North America. Our congratulations for their achievement in winning this award in a highly competitive contest.”
Last year, TNS was named Best Managed Services Solution for Trading and West Highland was recognized as Best Specialist Market Data Consultancy at the TradingTech Insight Awards USA.
TNS brings together over 5,000 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its Infrastructure-as-a-Service (IaaS) portfolio. These solutions are monitored 24x7x365 by TNS’ Network Operations Centers in the US, Europe and Asia Pacific region. For further information visit tnsi.com/solutions/financial/.
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The annual TradingTech Insight Awards USA program is a peer-driven program that recognizes excellence in trading solutions and services for capital markets, focusing on vendors providing exceptional and innovative trading infrastructure, trading technology, and data solutions. The awards are a program of publication TradingTech Insight, part of the A-Team Group. A-Team editors work closely with an Advisory Board to select the shortlist in each award category, and members of the capital markets community then vote to determine the winners. The results of the 2024 edition were revealed at the TradingTech Insight USA Awards Winners Reception in New York last week.
TNS’ ultra-low latency Layer 1 technology for direct exchange access within the data center was the first of its kind to be offered and deployed globally. It eradicates the need for multiple switches by using a single-hop architecture to deliver direct exchange connectivity in as little as 5 to 85 nanoseconds. With access to more than 130 exchanges across 25 countries and extensive in-house expertise in each location, TNS can deliver low latency mutualized market data feeds as well as raw data with full segregation of A and B feeds.
In a move to expand TNS’ service offering, the acquisition of West Highland and its comprehensive ALIVE, Data Notification Manager and Web Access Control Manager solutions enables TNS to deliver market data services across the entire trading stack. The combination of TNS and West Highland services into one stack provides management of market data distribution platforms, market data monitoring, and single pane-of-glass insight for clients in the financial services industry.
"This year’s award wins are a testament to our unwavering commitment to providing innovative solutions that meet the needs of the financial markets industry globally," said Tom Lazenga, General Manager, TNS Financial Markets. “It’s even more exciting to win this year because we are recognized jointly with our new West Highland team. Our goal is to enable our clients to benefit from speed, global reach and world class support, so it’s rewarding that the industry has voted for our services to be recognized again.”
“Congratulations to Transaction Network Services (TNS) for winning the Best Low Latency Data Feed award and West Highland Support Services for winning the Best Time Stamping / Latency Measurement System award in this year’s A-Team Group TradingTech Insight Awards USA 2024,” said Angela Wilbraham, CEO at A-Team Group. “These awards celebrate excellence in trading solutions, services and consultancy for capital markets, and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions in North America. Our congratulations for their achievement in winning this award in a highly competitive contest.”
Last year, TNS was named Best Managed Services Solution for Trading and West Highland was recognized as Best Specialist Market Data Consultancy at the TradingTech Insight Awards USA.
TNS brings together over 5,000 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its Infrastructure-as-a-Service (IaaS) portfolio. These solutions are monitored 24x7x365 by TNS’ Network Operations Centers in the US, Europe and Asia Pacific region. For further information visit tnsi.com/solutions/financial/.
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Matthew brings more than 20 years’ experien... nce to TNS, through his time with Cardtronics, DC Payments and NCR, among others. He was most recently Chief Technology Officer, International, at Cardtronics, where he was responsible for leading its technology teams across all the company’s international markets. Matthew also spent time as Managing Director for Australia and New Zealand for DC Payments.
A keen pioneer in the payments industry, Matthew was a founding member of UK ATM company and Link member Cashbox in 2003, building the company from a strong foundation which led to its acquisition by InfoCash, part of Triton, in 2010. Matthew oversaw the integration of the two companies, and the success of the combined business meant it was subsequently acquired by DC Payments.
“I am excited to be joining TNS at a time of great opportunity as it invests significantly in its payments product portfolio, we have a dedicated and talented team who understand the challenges our customers face." Matthew Thomas, Managing Director, UK&I."
“I am excited to be joining TNS at a time of great opportunity as it invests significantly in its payments product portfolio,” said Matthew. “We have a dedicated and talented team who understand the challenges our customers face, and, combined with our innovative solutions, we are ideally placed to help our customers and partners navigate this era of rapid digital transformation.”
“We’re delighted to welcome Matthew to our global leadership team,” said John Tait, Global Managing Director for TNS’ Payments Market. “Our UK and Ireland business is strategically important thanks to its advanced marketplace and widespread technology adoption. To ensure our continued success we needed a leader with industry expertise and relationships, and a deep understanding of payments processing and networks across the UK and Ireland. I look forward to working with Matt in this part of the world.”
TNS is a Level 1 PCI DSS certified service provider, and its secure network is supported 24x7x365 by TNS’ Network Operating Centers based in the USA, UK, Malaysia and Australia. With a strong payments heritage and more than 30 years of expertise, TNS accepts, connects, and securely processes billions of transactions every year.
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