Transaction Network Services and MEI Commence Strategic Relationship; Two Leading Payment Suppliers Form Agreement To Provide Consumers with Multiple Payment Options.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 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 for transaction-oriented applications, today announced a strategic relationship with MEI (Mars Electronics International), the leading manufacturer of unattended payment systems. Under terms of the non-exclusive relationship, TNS and MEI will provide vending customers with the ability to purchase items via cash, coins, debit or credit cards supported by MEI's Remote Data Port technology. TNS is a leading provider of point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) 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. networking in the country and is Pepsi trademark-authorized for credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. vending transactions. MEI serves the unattended payment system markets in bottling and full-line vending, gaming, retail and transit. It holds the largest installed base of vending payment systems. The MEI(TM) Remote Data Port provides the added benefit of supporting the MEI EASITRAX(TM) Vending Management System, which offers dynamic scheduling, machine status alerts, curbside curb·side n. 1. The side of a pavement or street that is bordered by a curb. 2. A sidewalk. adj. Located, operating, or occurring at or along the sidewalk or curb: polling that eliminates the "first walk" to the machine and many other functions enhancing control and efficiency. "MEI has an impressive 30+ year history as the largest supplier of coin and bill systems in the country," said Heidi Goff, executive vice president and general manager, POS division at TNS. "The company's proven track record makes them an attractive partner in our strategic vending business, and we look forward to a strong, profitable relationship." "The complementary electronic payment capabilities of TNS expand the access of operators and bottlers to cashless vending technology, which we view as a growth opportunity," said Jeff Jordan, vice president, Global Vending at MEI. "Considering our collective strengths, we believe this relationship will bring strategic advantages as we continue to supply comprehensive solutions to our customers." About Transaction Network Services, Inc. Transaction Network Services (TNS) 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 across multiple 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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. About MEI MEI holds the largest worldwide installed base of unattended payment mechanisms. MEI systems are relied upon for more than 1 billion transactions per week in 90 countries. Its products are in widespread use in the vending, soft drink, gaming, amusement, transportation, retail, and kiosk markets. For more information, visit www.meiglobal.com. |
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