Paymark and TNS Partnership Boosts New Zealand Payments Infrastructure
April 30 2017 - 7:03PM
Business Wire
New Zealand’s leading electronic payment network, Paymark, is
partnering with Transaction Network Services (TNS) to reinforce its
EFTPOS services with a new range of alternative, feature rich and
highly reliable payment solutions.
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Paymark and TNS Partnership Boosts New
Zealand Payments Infrastructure (Photo: Business Wire)
The agreement will enable Paymark to extend support for its
popular dial up service to merchants in New Zealand by another
three years, with the option to extend well into the future.
Paymark will also be able to introduce new wireless and IP POS
services, as required by its merchants, thanks to TNS’ Global
Wireless Access and TNSLink for Retail solutions.
Shane Ohlin, Chief Information Officer at Paymark, said: “We are
delighted to be working with TNS to strengthen the New Zealand
marketplace. We are dedicated to providing a high quality range of
payments access services to support our merchants across the
country.
“IP Dial remains an important access option for our customers
and TNS shares our ongoing commitment to this technology.
Partnering with TNS allows us to enhance our existing dial up
offering while strategically expanding our portfolio and
future-proofing our business with new wireless and IP offerings. It
is important that we can be agile and responsive to changing market
dynamics and we’re confident our agreement with TNS puts us in a
strong position. We expect to also reduce our operational and
support costs as working with TNS will help to streamline our
infrastructure.”
TNS’ Global Wireless Access is a managed roaming wireless POS
solution which will offer merchants greater security, coverage and
reliability. It combines strongest signal detection with data
roaming to overcome traditional blackspots allowing merchants to
transact.
The TNSLink for Retail solution will replace Paymark’s OneOffice
and RetailZone services for large merchants and offer additional
functionality, including secure high speed bi-directional
connectivity support for time reporting, inventory monitoring and
other back office applications in addition to handling the POS
transactions taken instore.
John Tait, Managing Director of TNS’ Payments Division for the
Asia Pacific region, said: “We’re delighted to be working with
Paymark and boosting the services it offers. Paymark is the leading
processor in New Zealand and currently handles 75% of all card
transactions in the country. This network includes 140,000 EFTPOS
terminals across 80,000 merchants and sees approximately 1.2
billion transactions worth $60 billion carried each year on behalf
of more than 50 card issuers and acquirers. We are excited at the
role we will play in supporting this significant level of
activity.”
New Zealand’s consumers are some of the world’s biggest users of
debit and credit cards. Debit card usage, in particular, has soared
over the last 30 years, fuelled by low fees and high consumer
adoption.
Mr Tait said: “A number of New Zealand telecommunications
providers have tried to move businesses off dial PSTN access as
they seek to end of life their core infrastructure in favour of new
IP and 4G/5G wireless networks. TNS is committed to being the ‘last
man standing’ globally in providing dial POS solutions and
supporting the long tail of merchants who are still gaining the
benefits of this legacy technology. This new agreement with Paymark
reaffirms this and demonstrates our continued investment in being a
leading solutions provider for New Zealand.”
TNS’ Dial solution provides high availability with advanced node
and circuit redundancy, back-up and flexible routing capabilities.
It has been designed to deliver all types of transaction traffic,
including credit and debit cards, pre-paid mobile top-ups, gaming,
alarms, inventory control, order entry and other
transaction-oriented applications. It delivers shorter and more
cost effective transaction times than general purpose network
service providers and supports all known POS protocols. Near
real-time visibility, monitoring and reporting is provided by
TNSOnline.
The TNSLink for Retail solution uses broadband with 3G/4G
back-up or multi-network 3G/4G to provide failover and enable
stores to continue to operate if the primary means of connectivity
becomes available.
TNS’ Global Wireless Access can provide significant cost and
time savings by allowing the bulk provisioning of SIMs, and the use
of an advanced management and diagnostics portal gives flexibility
and control over SIM deployment.
Since it was founded in 1990, TNS has secured a strong payments
heritage and expanded to provide services in more than 60 countries
across Europe, the Americas and the Asia Pacific regions. The
organization is a Level 1 PCI DSS certified service provider and
its secure network is supported 24x7x365 by TNS’ Network Operating
Centers around the world. For more information about TNS, please
visit www.tnsi.com
ENDS
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.
About Paymark:
Paymark is New Zealand’s leading electronic payments company.
For the past 26 years we have served hundreds of thousands of New
Zealand merchants through our safe, secure and reliable
infrastructure.
Paymark covers more than 140,000 terminals, accounting for in
excess of 75% of the New Zealand payments landscape. We process
around 60 transactions every second of the day.
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version on businesswire.com: http://www.businesswire.com/news/home/20170430005008/en/
TNSClare CockroftPR DirectorT: +44 (0)114 292 0163E:
pr@tnsi.comorJo MoorwoodSenior Director, Marketing Communications+1
703 814 8065