Consorzio BANCOMAT Selects TNS to Support Online Compliance Solution

Nov 03 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.

Consorzio BANCOMAT is developing a new project to assess and audit members of its PagoBANCOMAT and BANCOMAT community. This information is also critical to ensuring that members are up to date with the latest status of its CB2 compliance rules and regulations for PagoBANCOMAT, and delivering fully compliant services. The solution also enables Consorzio BANCOMAT and its members to exchange information on audits and assessments

Alessandro Zollo, Secretary General at Consorzio BANCOMAT, said: “We chose TNS because of its reputation as a provider of high quality solutions in the payments industry. TNS is a trusted service provider with an extensive heritage throughout the payment industry and its Managed Connectivity Solutions will enable us to ensure card users are being served with fully compliant services from their bank.

“The majority of our members are already connected to TNS’ secure and robust network, so the decision to use TNS ensured a fast, effective and secure electronic process. This allowed us to quickly deploy a solution that will help our members in their efforts to adhere to compliance requirements and enhance their security measures.” 

Martin Croot, Senior Vice President and General Manager for Mainland Europe, said: “We are delighted to be working with Consorzio BANCOMAT. Member banks know how important it is to meet the compliance rules and regulations set by Corsorzio BANCOMAT.  We are pleased that our broad bank connectivity and secure network helped Consorzio BANCOMAT quickly launch a secure solution for their members.”

TNS is one of the world’s leaders in connecting merchants, banks, acquirers and processors to enable secure, efficient and cost-effective delivery and processing of payments. Its global expertise extends to more than 40 countries across the Americas, Europe and Asia Pacific regions, with billions of transactions crossing its high-speed global networks each year.

Consorzio BANCOMAT is an association which provides the governance, the systems, services and rules that administrates electronic payments for its consumers, retailers and businesses throughout Italy

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