PayPoint Appoints Transaction Network Services in Multi-Year Dial-up Contract.RESTON, Va. -- Transaction Network Services, Inc. (NYSE NYSE See: New York Stock Exchange :TNS TNS transcutaneous neural stimulation. ) - one of the UK's leading providers of data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. services - has been appointed by PayPoint to provide dial-up connectivity between its retail terminals and headquarters in Welwyn Garden City Welwyn Garden City (wĕl`ĭn), city (1991 pop. 40,665), Hertfordshire, E central England. It is a garden city, founded by Ebenezer Howard in 1920. Its industries produce a variety of products, including radio and television sets. . PayPoint currently operates approximately 12,000 terminals in convenient locations collecting payment of household utility bills, council tax and rent, mobile phone pre-payments and television license renewals each year. In a five-year deal, using its secure and private network, TNS will route transactions from terminals located in convenience stores, newsstands, supermarkets, service stations and liquor stores to PayPoint's processing hubs in Welwyn Garden City and Hatfield. Barry Skillett, general manager, operations, PayPoint commented: "PayPoint facilities are sought after by retailers wanting to provide an extra service to customers. TNS' solution is enabling us to expand our network at a rate that was not previously possible." Alan Haskins, UK sales account manager, TNS, commented: "Because TNS' dial-up service blends seamlessly with PayPoint's POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale and ATM's, it is possible to bring new end points on-stream quickly. The TNS network will reduce the time taken to route transactions in store." He added: "PayPoint was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. data communications services capable of transmitting transactions from terminals in Ireland as well as the U.K. Using TNS' international network, we will also provide routing to around 1,000 Irish terminals to the PayPoint host." The deal solidifies TNS' position as a leading provider of data communications infrastructure to independent service operators. 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. This press release may contain various remarks about the future expectations, plans and prospects of TNS that constitute forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. TNS' actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed under the heading "Risk Factors" in TNS' prospectus filed with the U.S. Securities and Exchange Commission on September 28, 2004, which may be accessed at www.sec.gov or TNS' investor relations Investor relations The process by which the corporation communicates with its investors. web page available at www.tnsi.com. 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. About PayPoint PayPoint is one of the UK's leading branded networks for cash payments, collecting payments for the London congestion charge The London congestion charge is a fee for some motorists entering the Central London area. As of 2006 it is the largest city to have adopted a congestion charge model. The organisation responsible for the charge is Transport for London (TfL), with Capita Group operating the scheme , most utilities and collecting approximately a quarter of all mobile phone electronic top-up payments in the UK. PayPoint now handles four million transactions each week at over 14,000 stores in the UK. |
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