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TNS, Inc. : American Express and TNS Launch New Payment Service Provider

04/04/2012 | 09:25am US/Eastern

American Express Payment Gateway provides secure, single-source e-commerce solution for businesses of all sizes

American Express (NYSE: AXP) and Transaction Network Services (NYSE: TNS) today announced the launch of the American Express® Payment Gateway, a payment service provider solution that offers a single-source for all sized merchants looking to establish online payment functionality. The solution enables businesses to quickly and easily set up the ability to manage e-commerce and other card-not-present transactions and provides fraud and card data security for those transactions.

The American Express Payment Gateway offers the following capabilities:

  • Supports major card brands and payment types
  • Enables payment acceptance globally with multi-currency enablement in over 120 global currencies and major local acquirer connectivity
  • Meets unique business needs through hosted solutions, standard or custom implementation and in-country solutions
  • Delivers value-added services, such as Accertify's fraud management solution, cardholder authentication capabilities, and TNS' tokenization solution
  • Provides product support with multi-lingual representatives by phone 24 hours a day, seven days a week, 365 days a year

As businesses look to build their online presence, the American Express Payment Gateway connects merchants with all major processors, acquirers and networks and helps enable all forms of online payment transactions to be processed safely and securely by utilizing TNS' payment software and global network and leveraging fraud protection capabilities from Accertify, an American Express company and leading fraud prevention and risk management provider.

"Through our relationship with merchants, we know they are looking for a more reliable, global and stand-alone e-commerce payment solution," said Suzan Kereere, Senior Vice President and General Manager, Global Network Business at American Express. "We are delighted to work with TNS to address this need. The American Express Payment Gateway will enable businesses to focus their efforts on expanding their market reach, while we manage the processing, security and service behind online card acceptance."

"Our agreement with American Express demonstrates our commitment to supporting merchant-based solutions," said Mike Keegan TNS' President and Chief Operating Officer. "The combination of our reliable, global card-not-present payments solution, Accertify's advanced fraud capabilities and American Express' high-quality service, creates a solution that stands out in the marketplace and will benefit merchants of all types."

The American Express Payment Gateway is initially launching in four countries: the United States, Mexico, United Kingdom, and Australia. The companies plan to continue to evolve the payment gateway with additional features and functionality, as well as roll it out to other countries. For more information, please visit: https://paymentgateway.americanexpress.com.

About American Express

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Global Merchant Services is the merchant network of American Express, that acquires and maintains relationships with millions of merchants around the globe, which welcome American Express-branded Cards. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, twitter.com/americanexpress and youtube.com/americanexpress.

About Transaction Network Services

Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.

TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.

Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.

For further information about TNS, visit www.tnsi.com.

American Express
William Tsang, 212-640-0933
william.d.tsang@aexp.com
or
Transaction Network Services
Jo Moorwood, +44 (0) 114 292 0200
jmoorwood@tnsi.com


© Business Wire 2012
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