Travelex Outsourcing, a subsidiary of Travelex Limited the world’s
leading global specialist provider of foreign exchange, is strengthening
its targeting of Malaysia, Singapore and Australia by using managed
payments connectivity solutions from Transaction
Network Services (NYSE:TNS).
TNS is providing Travelex with regional host connectivity
and network access points, enabling transactions between Travelex
points-of-sale and its corresponding, customer financial institutions in
various countries to enable Dynamic Currency Conversion (DCC) across the
Asia Pacific region. With TNS, Travelex and its customers benefit from secure
end-to-end managed connectivity utilising a PCI
DSS certified backbone network.
Travelex will also be using TNSonline, a web-based network management
portal which provides a real time view of network and transaction
performance for reporting and troubleshooting.
Damian Cecchi, General Manager of Travelex Outsourcing, said: “TNS
provides a shared, secure payments-only backbone between our target
countries. Working with TNS will enable us to rapidly connect new
customers in international markets, at a price point that represents
value compared to building it in-house. With TNS’ scalable, outsourced
solution, Travelex can continue to expand its business and services in
new markets with new customers, faster.”
John Banfield, Senior Vice President and General Manager of TNS’ Asia
Pacific Payments Division, said: “TNS is pleased to have been chosen by
Travelex to augment its existing in-house capabilities. For more than 20
years TNS has been providing services to financial
institutions and merchants around the world, and we look forward to
supporting Travelex with our unique expertise and understanding of
complex, payment networks as Travelex expands into the Asia region.”
Payments Division provides a wide array of end-to-end managed
solutions designed specifically for the payments market, including
solutions for acquirers, processors, merchants and other payment service
providers. On behalf of these organizations, each year TNS manages over
15 billion payment transactions across the world and provides services
and support to customers in over 60 countries.
For more information about TNS’ Asia Pacific payments solutions visit www.tnsi.com/au.
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.
‘One Connection, A World of Opportunities’
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.
Travelex is the world's largest foreign exchange specialist with more
than 1,000 retail branches in 24 countries, at key airport, seaport,
rail and tourist locations. Over 40% of travelers - 1.7 billion
passengers a year - pass through airports where Travelex operates
including the major gateways at Amsterdam, Beijing, Frankfurt, Hong
Kong, London, Mumbai, New York, Paris, Sydney & Tokyo. Every hour,
Travelex provides foreign currency to more than 2,000 customers.