News
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).
ISO's Need to Focus Chip Upgrades on Newly Identified High Risk ATMS As Deadline Looms, Counsels Calypso Canada
13 September 2010
The focus of Canada’s drive to switch to EMV and Chip technology has shifted to high risk ATMs, but with less than four months until the Interac Association’s upgrade deadline, Calypso Canada is counselling that ISOs need to ramp up their upgrade activities if they are to meet the regulatory requirements.
TNS, Inc. to Acquire Cequint, Inc.
09 September 2010
TNS, Inc. (NYSE: TNS) a leading provider of critical data communications services for the telecommunications, payments and financial services industries, has entered into a definitive agreement to acquire Cequint, Inc., a private Seattle-based leader in carrier-grade caller ID products and enhanced services with top US-based mobile operators. The purchase price includes an initial payment of approximately $50 million, subject to normal working capital and other adjustments, consisting of approximately $46.7 million in cash and approximately $3.3 million in stock issued to certain Cequint executives, and a potential additional $62.5 million in cash for the achievement of future performance-based targets, for a potential total of $112.5 million. The boards of directors of both companies have approved the acquisition. The transaction, which is subject to the amendment of TNS’ senior credit facility, is expected to close early in the fourth quarter of 2010. Following closing, TNS expects the transaction to add approximately $2 million in revenue in the remainder of 2010, to be slightly dilutive to 2010 adjusted earnings, and to become neutral to adjusted earnings within 12 months.
TNS, Inc. Announces $50 Million Share Repurchase Program
08 September 2010
TNS, Inc. (NYSE: TNS) a leading provider of critical data communications services for the telecommunications, payments and financial services industries, today announced that its Board of Directors has authorized a repurchase program of up to $50 million of the company’s common stock over the next 18 months, subject to extension.
