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Transaction Network Services : TNS Partners with the Australian Payments Industry for New PCI DSS Certified Managed COIN Payment Network

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The Partnership

TNS, a leading provider of transaction network services, has formed a strategic partnership with the Australian payments industry to develop a new, fully managed infrastructure for the Community of Interest Network (COIN). This partnership aims to enhance the efficiency and security of the Australian Payment Network (APN), which is a critical component of the country’s financial infrastructure.

Key Benefits

The partnership between TNS and the Australian payments industry will bring several key benefits to the APN, including:

  • Improved security and resilience
  • Enhanced efficiency and scalability
  • Increased interoperability and connectivity
  • Better support for emerging technologies and innovations

    • The Community of Interest Network (COIN)

    The COIN is a critical component of the APN, providing a platform for the exchange of financial information and transactions between different stakeholders.

    The new system is designed to be more flexible and scalable, allowing for better integration with other systems and applications.

    The New TNS Managed COIN Payment Network

    The TNS Managed COIN Payment Network is a significant upgrade to the existing payment infrastructure. This new system is designed to provide a more secure, resilient, and available payment network for businesses and organizations.

    Key Features of the New System

  • Enhanced Security: The new system includes advanced security features to protect sensitive payment information. Higher Resilience and Availability: The TNS Managed COIN Payment Network is designed to be more fault-tolerant and available, reducing the risk of downtime and data loss. Flexibility and Scalability: The new system is designed to be more flexible and scalable, allowing for better integration with other systems and applications. ### Benefits of the New System**

    • Benefits of the New System

  • Improved Payment Processing: The new system will enable faster and more efficient payment processing, reducing the risk of errors and delays. Increased Customer Trust: The enhanced security features of the new system will help to increase customer trust and confidence in the payment process. Better Integration with Other Systems: The flexibility and scalability of the new system will enable better integration with other systems and applications, improving overall business operations. ### Implementation and Support**

    • Implementation and Support

    The migration to the new TNS Managed COIN Payment Network is now complete.

    The Impact of the TNS on Australian Financial Institutions

    The introduction of the TNS has significantly impacted Australian financial institutions, including banks, credit unions, and other financial service providers. The TNS has streamlined the payment processing system, reducing the need for manual intervention and increasing the speed of transactions. Key benefits of the TNS include: + Reduced transaction processing times + Improved security and reduced risk of fraud + Enhanced customer experience through faster transaction times + Increased efficiency and reduced costs for financial institutions The TNS has also introduced new technologies and innovations, such as real-time payment processing and instant credit checks. These advancements have enabled financial institutions to provide faster and more convenient services to their customers.

    The Benefits of the TNS for Australian Consumers

    The TNS has also had a positive impact on Australian consumers, who now have access to faster and more convenient payment options. The TNS has enabled consumers to make transactions quickly and easily, without the need for manual intervention. Benefits for consumers include: + Faster transaction times + Increased convenience and flexibility + Improved security and reduced risk of fraud + Enhanced customer experience through faster transaction times The TNS has also introduced new payment options, such as real-time payment processing and instant credit checks.

    TNS’ solutions are designed to meet the needs of various industries, including retail, hospitality, and healthcare.

    The Evolution of TNS: A Journey of Innovation and Adaptation

    TNS has been a pioneer in the payment and network solutions industry for over 30 years. The company’s journey has been marked by significant milestones, technological advancements, and a commitment to innovation. In this article, we will delve into the evolution of TNS, exploring its history, key achievements, and the driving forces behind its success.

    Early Years: A Humble Beginning

    TNS was founded in 1990 by a group of visionaries who recognized the need for secure and efficient payment solutions. The company started as a small, local business, but its ambition was to become a global leader in the industry. In its early years, TNS focused on developing and implementing unattended and in-store payment terminals for various industries. Key features of TNS’ early solutions included: + Secure payment processing + Real-time transaction monitoring + Integration with existing systems

    Expansion and Diversification

    As TNS grew, it expanded its portfolio to include online solutions and secure global network connectivity. The company recognized the importance of adapting to changing market trends and technological advancements. This led to the development of new products and services that catered to the evolving needs of its customers. Notable milestones in TNS’ expansion and diversification include: + Introduction of online payment solutions for e-commerce and digital transactions + Development of secure global network connectivity solutions for remote and mobile transactions + Integration with emerging technologies such as blockchain and artificial intelligence

    Industry-Specific Solutions

    TNS has developed a range of industry-specific solutions that cater to the unique needs of various sectors.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241114674723/en/ Contacts: TNS Clare Cockroft/Bronte Saulle 703-814-8065 pr@tnsi.com © 2024 Business Wire

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