TNS Acquires Comms XL to Further its Strategy of Becoming an End-to-End POS Technology Provider.RESTON, Va. -- Transaction Network Services, Inc. (NYSE NYSE See: New York Stock Exchange :TNS TNS transcutaneous neural stimulation. ), a leading network and 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. provider for transaction-oriented applications, is transforming the provision of point of sale technology with the acquisition of Comms XL. The acquisition further establishes TNS as one of the leading end-to-end point of sale technology providers. TNS now has the expertise to handle both ends of the retail process, from the transaction at the point of sale to processing the information with card issuers and acquiring banks. This acquisition builds on TNS' previous experience transporting over 8 billion card transactions annually and furthers TNS' capabilities to provide an end-to-end point of sale solution encompassing communications, payment terminals, logistics, EPOS (Electronic Point Of Sale) See point of sale. software and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . Comms XL provides over 1,000 customers -- including well known names such as JD Sports JD Sports, part of the John David Group and now more commonly known as just 'JD', is a sports-fashion retail company based in Bury, England with shops throughout the UK. and First Choice -- with a variety of card transaction processing services, including pre-approved Chip and PIN software, a payment service provider gateway and innovative kiosk and hospitality solutions. Comms XL sells directly and through its channel partners in markets such as retail, hospitality, local government, utilities and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . "With Comms XL, TNS is now able to provide a solution at every stage of the point of sale process -- from the retailer to the bank and everything in between," said Alan Stephenson-Brown, director of business development at TNS. "For retailers, it means that they now only have to work with one company when it comes to setting up the point of sale. In addition to the obvious benefits of dealing with a single provider, it will also provide retailers with further opportunities to maximize their IT investment, reduce costs and build stronger relationships with their customers," adds Stephenson-Brown. "We're delighted to combine our expertise and complementary technologies with TNS," says Wendy Dobson, sales director at Comms XL. "Retailers want to add value, not hassle, to their EPOS environment, so we'll be talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to all of our customers and partners about how they can combine the benefits of transaction and communications technologies." 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 authorisation 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. |
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