TNS launches payments stack – FinanceFeeds

Transaction Network Services (TNS) has announced the launch of Complete Commerce – a full-stack, modern and secure payment and network capability.

With Complete Commerce, TNS is helping solve payment complexity by leveraging a single supplier relationship and reducing total cost of ownership (TCO) across the enterprise’s technology environment.

What makes TNS unique is that it does not use a third party for connectivity but instead transmits transactions via a secure core network designed and built by TNS for the payments industry.

TNS’ extensive network intersects with acquirers, processors, loyalty, and alternative payment providers across the globe to facilitate mission-critical payment message transmission. The TNS cloud native payment orchestration stack allows payments to be processed in real-time to multiple endpoints across the globe.

“Accept virtually any type of payment method, online or in-person “

John Tait, Global Managing Director of TNS Payments Market, said: “By offering a PCI DSS certified, fully managed service for payments and network connectivity, Complete Commerce enables enterprises to accept virtually any type of payment method, online or in-person with TNS’ range of terminals – unattended, at the pump or in-store. In addition, our secure connectivity product suite enables enterprises to connect payment devices, retail sites and cloud environments to TNS’ carrier agnostic, global, private network.”

“The combination of TNS’ portfolios allows us to provide enterprises with unique insights through TNS’ portals, monitoring and measuring transactions across the full enterprise commerce ecosystem. This will help enterprises reduce technical complexities, while modernizing and future proofing their payment and network connectivity strategies. With Complete Commerce we can help solve these pain points by bundling a range of omni-channel and connectivity services together and providing a single partner with a unified view of business operations.”

Complete Commerce is also supported by the latest security standards across payments and network connectivity including PCI DSS certification, PCI P2PE validation, and PCI PTS v6.x devices. The solution leverages TNS’ Accept, Connect and Orchestrate payment portfolios.

TNS enables around 35 billion payment transactions around the world each year for the largest acquirers and financial institutions. Its solutions are scalable, agnostic, and actively monitored 24x7x365 from four global Network Operations Centers in the US, UK, Australia, and Malaysia.