News
TNSPay Gateway Enables Westfield to Open Doors to New Virtual Shopping Centre
15 December 2010
Australian shoppers can now enjoy online shopping at Westfield’s new online shopping mall, supported by the TNSPay gateway solution from Transaction Network Services (NYSE:TNS).
Chi-East Joins with TNS to Boost Global Connectivity
13 December 2010
Financial market participants across Asia can now seek dark pools of liquidity throughout the region, thanks to a new agreement between Chi-East, the first Asian exchange backed non-display venue, and global connectivity provider Transaction Network Services (NYSE:TNS).
Successful Senior Executive Dan Dooley to Lead TNS Telecom Division
30 November 2010
Dan Dooley has been named President and General Manager of the Telecommunication Services Division (TSD) of Transaction Network Services, Inc. (NYSE:TNS).
TNS Delivers Industry First Global Roaming Hub for CDMA Operators
29 November 2010
CDMA2000 wireless operators across the world can now expand their global roaming footprint and streamline the delivery of roaming services with Transaction Network Services’ (NYSE:TNS) new Roaming Hub for CDMA.
Consorzio BANCOMAT Selects TNS to Support Online Compliance Solution
03 November 2010
Consorzio BANCOMAT, Italy’s national debit scheme, now has online access to critical compliance information from its membership community via a new portal that utilises secure and resilient network capabilities from Transaction Network Services (NYSE:TNS).
Alaska Option Customers Realize ATM Communication Alternative with New TNS Solution
20 October 2010
Alaska Option has enhanced its services to customers by adding wireless ATM processing with TNSLink, a managed communication solution from Transaction Network Services (NYSE: TNS).
TNS, Inc. Closes Acquisition of Cequint, Inc.
04 October 2010
RESTON, Va. - TNS, Inc. (NYSE: TNS) a leading provider of critical data communications services for the telecommunications, payments and financial services industries, completed its acquisition of Cequint, Inc., a leader in carrier-grade caller ID products and enhanced services with top US-based mobile operators on October 1, 2010. The purchase price included an initial payment of $49.3 million, consisting of $46.5 million in cash and $2.8 million in TNS stock issued to certain Cequint executives, and may be adjusted in the future for a potential additional $62.5 million in cash for the achievement of future performance-based targets tied to the achievement of four specified profit milestones not to extend past May 31, 2014, for a potential total of $111.8 million. As part of the $49.3 million purchase price, Cequint paid off approximately $6.8 million in debt and TNS assumed approximately $0.4 million in cash. TNS expects the transaction to add approximately $2 million in revenue for the remainder of 2010, to be slightly dilutive to 2010 adjusted earnings, and to become neutral to adjusted earnings within 12 months. TNS will further refine these expectations and update its 2010 outlook in its third quarter 2010 report in November.
More Choice for ATM Communications as TNS Canada Extends its Services
27 September 2010
For the first time in several years, banks and ISOs in Canada now have a choice of provider for ATM communications services following the launch of a new product by Transaction Network Services Canada, a subsidiary of Transaction Network Services (NYSE: TNS).
Key Senior Appointment Strengthens TNS Mainland Europe Payments Team
20 September 2010
Experienced payments industry innovator Martin Croot has joined Transaction Network Services’ (NYSE: TNS) Payments Division as Senior Vice President and General Manager of Mainland Europe.
Leading Investment and Securities Boosts FX Margin Trading Capabilities with New TNS Agreement
14 September 2010
Retail securities firms throughout Korea can now access lucrative Foreign Exchange (FX) margin trading markets in the US, thanks to a new agreement between Leading Investment and Securities and Transaction Network Services (NYSE:TNS).
