Australia's Popular Online Classified Marketplace Selects TNS for Payment Security
Australia’s leading print and online media company, Fairfax Media, has selected Transaction Network Services (NYSE:TNS) to provide eCommerce payment solutions for its online subsidiary, Fairfax Digital, Australia’s premier network of online news, information and classified websites.
As part of the solution, Fairfax Digital has access to the TNS ePayment Gateway, which addresses fraud, security and reconciliation for online payments. These card-not-present transactions are all managed within TNS’ PCI DSS certified processing environment which removes the burden associated with internal administrative payment systems and procedures.
“Fairfax Digital sought the best in payment solutions and selected TNS because of their comprehensive offering in IP service, card data management, and transaction security,” said Brent McLean, Fairfax Digital Technology Manager. “We are proud of our growing online capabilities and TNS’ global payment expertise will help us ensure we offer the community a secure and positive online experience.”
In addition to payments processing, Fairfax also benefits from TNS’ Stored Card Tokenisation solution which securely encrypts and stores customer card holder data. This solution leverages tokenisation technology to securely exchange sensitive card data for a unique “token” to be stored in the merchants system. The token protects the card information from unauthorised access. By applying these TNS solutions, merchants are able to significantly reduce the scope of PCI DSS and associated costs.
John Banfield, TNS Senior Vice President, Asia Pacific said: “It is with great pleasure we bring our solutions to Fairfax Digital, a leading platform for Australia’s eCommerce community. Fairfax is the right type of business to benefit from our scalable services, which incorporates best practices for managing the security and delivery of critical payment transactions.”
As part of TNS’ global payment gateway solutions, merchants can authorise and settle multi-regional card transactions securely, reliably and cost-effectively. The TNS ePayment Gateway solution helps process card-not-present payments for an ever-growing ecosystem of over 18,000 merchants, more than 110 banks and major card schemes worldwide.
For more information about TNS please visit www.tnsi.com
Ends/…
