Barclaycard Business renews contract with TNS after nearly a decade together
August 04, 2007 (PRLEAP.COM) Technology NewsReston, Va. – 4 August 2007 - Barclaycard Business today extends its long-standing partnership with Transaction Network Services, Inc. (NYSE: TNS) following more than nine successful years together. TNS will continue to ensure that Barclaycard Business offers fast, reliable and secure payment transactions to its customers for another four years.
Thanks to a unique and comprehensive mix of products and services, TNS manages billions of transactions each year for Barclaycard Business, ensuring efficient authorisation and timely settlement across TNS’ secure private network.
Barclaycard Business is the UK's leading issuer of commercial cards with over 152,000 corporate customers, and provides card processing services for over a third of the UK’s retailers. TNS provides a range of services, including routing point of sale transactions from Barclaycard Business customers over ISDN or PSTN, DSL, host to host, leased line connectivity for larger customers, end of day settlement and polling files from Barclaycard Business’ terminal estate.
TNS has kept transaction times to a minimum for Barclaycard Business and its customers - despite a rise in transaction packet size since the introduction of Chip and PIN - by employing the latest networking technology to help streamline transactions and improve operational efficiency.
Robert Moss, Chief Operating Officer, Barclaycard Business, comments, “TNS provides us with the support and flexibility we demand in the payments industry. The TNS team is proactive and professional and its offering has grown to suit our needs, supporting new and emerging technologies in a fast-changing market place. TNS is a vital part of our IT infrastructure and this renewed contract reflects this partnership approach.”
Mark Collins, managing director, Transaction Network Services UK and Ireland, explains, “We are delighted to be securing another four years with Barclaycard Business, supporting them in becoming the most admired card and lending business in the world. They look after over a third of Britain's retailers and are expanding their services to international customers and we are excited to be a part of this. TNS’ recent acquisitions and operations around the world mean we have many more options to bring to the table for Barclaycard Business and their customers both nationally and globally.”
Notes to editors
Barclaycard Business is one of Europe’s largest acquirers and processors of plastic card transactions, with over 95,000 retailer and business relationships. In addition to traditional terminals, Barclaycard Business has other options available for processing card payments: the portable terminal is ideal for restaurants and bars; the mobile option allows payments on the move for taxi drivers and other mobile professions; and Barclaycard Business offers a secure online/telephone payment solution. In 2005, more than 1.8 billion purchases were made with credit and debit cards through 192,000 Barclaycard Business’ customer outlets in the UK.
Barclaycard Business is also Europe’s Number 1 issuer of Visa Commercial Cards with over 152,000 corporate customers, and over 565,000 cardholders. It services businesses of all sizes from multi-national companies and Government departments to small and medium enterprises. Barclaycard Business cards are welcome at more than 24 million places worldwide.
For further information please contact:
Four Communications, 0870 420 3245
Transaction Network Services (TNS) is an international 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 32 offices across 29 countries with the ability to provide services in other countries.
For further information about TNS' transaction solutions, please refer to 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