2008-07-14 04:20:00
RESTON, Va.–(EMWNews)–US POS and ATM acquirers and processors can now utilize one of the
latest telecommunications technologies for high speed transaction
delivery while extending the life of in-store dial-up POS terminals and
ATMs. This is delivered by the new FusionPoint Lite service from
Transaction Network Services (NYSE:TNS).
TNS, an industry leader in transaction-oriented, business critical data
communications, is now offering FusionPoint Lite as an addition to its
suite of broadband-based services.
The solution, backed by TNS’ vast network of
relationships and connectivity to payment processors, allows POS and ATM
terminal owners, deployers and payment acquirers to quickly and securely
migrate their dial-up terminals to broadband POS, without the expense
and disruption of replacing equipment. By migrating to broadband POS,
not only are transaction times substantially decreased, operating costs
for both the acquirer and the merchant are significantly reduced because
dial-up fees are eliminated.
Commenting on the launch of FusionPoint Lite, Alan Schwartz, Executive
Vice President, North America Sales at TNS says: “We
are delighted to be launching FusionPoint Lite in the US. This service
provides the strength of TNS’ PCI-DSS
compliant network, the simplicity of a plug-and-play solution and the
trusted support of TNS’ operations team, to
economically migrate dial-up POS and ATM devices to broadband.
“With FusionPoint Lite, users can save money
by eliminating unnecessary telephone lines. Also, because FusionPoint
Lite enables current dial-up terminals to transact via IP, processor and
merchant operating costs are reduced. A win-win for all.”
FusionPoint Lite uses an easy-to-install device called a “ConverterPoint”
to bridge the technology gap between legacy equipment and the broadband
service. No additional training is needed to use existing POS terminals
connected to the device.
The solution also includes dial back-up service as a standard feature,
which protects merchants from loss of business due to possible broadband
service interruption.
All transactions are protected using industry standard SSL 3.0
encryption along with mutual authentication, which provides the highest
level of security. Each SSL session is authenticated via a unique,
burned-in-device identity, offering a higher level of security for the
delivery of payment transactions to acquiring banks, processors and card
associations.
The TNS FusionPoint Lite service can be branded in line with the
terminal owner’s brand, helping to raise
awareness and differentiate from competitors.
To find out more about TNS please 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 28 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
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TNS Cockroft, +44 (0)114 292 6416 |
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