American Express and TNS unveil new payment service provider solution
Apr 06, 2012 (Datamonitor via COMTEX) --
American Express Company, a global service company, and Transaction Network Services, or TNS, a provider of data communications and interoperability solutions for the payments, have unveiled American Express Payment Gateway, a payment service provider solution that offers a single-source for all sized merchants looking to establish online payment functionality.
The solution enables businesses to set up the ability to manage eCommerce and other card-not-present transactions and provides fraud and card data security for those transactions.
The American Express Payment Gateway offers capabilities of: Supports card brands and payment types; Enables payment acceptance globally with multi-currency enablement in over 120 global currencies and local acquirer connectivity; Meets business needs through hosted solutions, standard or custom implementation and in-country solutions; Delivers value-added services, such as Accertify's fraud management solution, cardholder authentication capabilities, and TNS' tokenization solution; and Provides product support with multi-lingual representatives by phone 24 hours a day, seven days a week, 365 days a year.
American Express Payment Gateway connects merchants with all processors, acquirers and networks and helps enable all forms of online payment transactions to be processed safely and securely by utilizing TNS' payment software and global network and leveraging fraud protection capabilities from Accertify, an American Express company and fraud prevention and risk management provider.
"Through our relationship with merchants, we know they are looking for a more reliable, global and stand-alone e-commerce payment solution," said Suzan Kereere, Senior vice president and General Manager, Global Network Business at American Express. "We are delighted to work with TNS to address this need. The American Express Payment Gateway will enable businesses to focus their efforts on expanding their market reach, while we manage the processing, security and service behind online card acceptance."
"Our agreement with American Express demonstrates our commitment to supporting merchant-based solutions," said Mike Keegan TNS' President and COO. "The combination of our reliable, global card-not-present payments solution, Accertify's advanced fraud capabilities and American Express' high-quality service, creates a solution that stands out in the marketplace and will benefit merchants of all types."
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