Printer Friendly
The Free Library
14,763,846 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Affiliated Computer Services Selects Transaction Network Services; More than 20,000 POS Terminals Enhanced by TNS' Transaction Processing and Data Network Services.


RESTON, Va. -- Transaction Network Services (TNS TNS

transcutaneous neural stimulation.
), Inc. (NYSE NYSE

See: New York Stock Exchange
:TNS), a leading provider of business-critical network and data communications services for transaction-oriented applications, today announced that Affiliated Computer Services Affiliated Computer Services (ACS) (NYSE: ACS) is a Fortune 500 company that provides information technology outsourcing as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. , Inc. (ACS (Asynchronous Communications Server) See network access server. ), a premier provider of business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in  and information technology solutions, has selected TNS to provide cohesive transaction processing networking for more than 20,000 point-of-service (POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
) terminals across the United States.

ACS deploys thousands of POS terminals for processing Electronic Benefit Transfer (EBT EBT

See: Earnings Before Taxes
) transactions across nine states, as well as 6,000 POS terminals across two states for Electronic Child Care programs used for time and attendance and remittance payments for vendors. EBT is the electronic system that allows a recipient to authorize transfer of their government benefits from a Federal account to a retailer account to pay for products received. EBT is currently being used in many States to issue food stamp and other benefits. EBT has been implemented in all States since June of 2004. In May of 2006, TNS processed millions of transactions on behalf of ACS.

"TNS offers reliable and expeditious ex·pe·di·tious  
adj.
Acting or done with speed and efficiency. See Synonyms at fast1.



ex
 processing, where every second counts. Their expertise will benefit our customers across a number of states," said Ann Kieffaber, senior vice president and managing director of ACS' Government and Community Solutions line-of-business. "ACS investigated a number of vendors and came to the conclusion that TNS would be the best strategic partner and the best equipped to ensure that we continue to provide a superior service. We look forward to working with TNS as we continue to serve the EBT program."

"ACS is one of the industry's leading providers of child support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services  with payment processing and disbursement operations in the U.S.," said Heidi Goff, executive vice president and general manager, POS division at TNS. "Our company's proven track record in critical transaction processing with POS terminals made TNS a natural partner. By improving speed, efficiency and security we can help ACS in better serving the needs of those reliant on EBT services."

About ACS

ACS, a global FORTUNE 500 company with more than 55,000 people supporting client operations reaching nearly 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 under the symbol "ACS." ACS makes technology work. Visit ACS on the Internet at www.acs-inc.com.

About Transaction Network Services, Inc.

Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery platforms to enable transaction authorization and processing across several vertical markets and trading communities.

Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. TNS network technologies have been deployed in the United States and internationally, and TNS networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip.  markets. For further information about TNS transaction solutions, please refer to www.tnsi.com.

The statements and information contained in this press release that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond TNS' control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. TNS disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Aug 15, 2006
Words:617
Previous Article:Saddam Silenced on MySpace.com: 'A Place for Friends' is Anything but as Online Site Boots Saddam from Touting Book, ``National Lampoon The Saddam...
Next Article:CharterMac Completes the Acquisition of ARCap.
Topics:



Related Articles
Technical support: the point of club point-of-sale systems.
Payments Industry Veteran Thomas Dunn Joins Transaction Network Services.
Transaction Network Services and Avantel Create Latin American Transaction Alliance; First POS Agreement for TNS Latin American Operations.
Lincoln Oil Selects FusionPoint by TNS; Lincoln Oil is the Latest Customer of Comprehensive Data Network System.
Brabham Oil Selects FusionPoint by TNS; Brabham Oil is the Latest Customer of Comprehensive Data Network System.
Cox Oil Selects FusionPoint by TNS; Cox Oil is the Latest Customer of Comprehensive Data Network System.
Transaction Network Services and MEI Commence Strategic Relationship; Two Leading Payment Suppliers Form Agreement To Provide Consumers with Multiple...
Worsley Operating Corporation Selects FusionPoint by TNS; 120+ Convenience Stores to Benefit from Transaction Network Service's Comprehensive Data...
Electronic Payment Exchange Selects Transaction Network Services to Enhance Connectivity and Premier Processing Services.
Valero Energy Corporation Partners with Transaction Network Services.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles