South-East Asia invaded by TNS

To enhance its local network in the Asia-Pacific region Transaction Network Services (TNS), one of the world's leading providers of fast, reliable and secure transaction-oriented products and services for payments, recently opened  a new branch in Singapore.

TNS has its offices in Japan, Korea, Hong Kong, Thailand, India and Australia and believes this new branch will strengthen its presence in the region. It is to be focused on providing products and services for card-present point of sales (POS), card not present (CNP) payments and PCI-compliant merchant and technical helpdesk services.

Matthew Rainbow, TNS Senior Sales Manager notes: "E-commerce is a significant growth area for TNS in the region. Merchants are increasingly moving away from dial-up connectivity towards ‘always-on' broadband for their online businesses and are looking for better availability, lower transaction fees and sophisticated reporting and reconciliation services as their online payments grow."

"This fits perfectly with TNS' Merchant Services business which provides payment gateways to regional banks and global merchants alike. TNS has existing relationships with the leading international banks, major card schemes and global payment service providers, including American Express, MasterCard and Citibank. In addition to transacting online payment data, TNS has experience and global presence in providing best of breed point of sale and ATM networks to banks, telco's and large, multinational merchants. TNS has identified the ASEAN region as a high growth opportunity to expand TNS' services in the Asia-Pacific market."

"TNS sees Asia-Pacific and particularly the ASEAN region as a high growth market that we want to expand into, as well as leveraging the relationships we have with our existing banking and merchant customer base," comments Jennifer Stibbard, SVP of Asia-Pacific.

There is a large number of advantages of using TNS services. The first is that TNS becomes a single provider for the companies which reduces their telecom costs and provides a broad range of merchant services, including e-commerce, wireless and biometric transactions, and private VPN services. Consumers using TNS' global private network achieve greater network resiliency to maximize their payment systems availability.