News

TNS inks multi-year agreement with Open Solutions

December 11, 2011

Open Solutions Inc., a provider of integrated enabling technologies for financial service providers throughout Canada, the United States and other international markets, today announced its partnership with Transaction Network Services to support payment transaction processing solutions in Canada.

According to a press release, TNS currently supports the communication needs of more than 100,000 ATMs around the globe through its payment network.

"With this agreement to use TNS' Secure SSL Gateway and Dial services, Open Solutions now becomes one of our largest customers in Canada. Thanks to this important relationship and others, we are extremely well positioned to continue to grow our payment networking and gateway businesses in Canada," said Ray Low, president of TNS' payments division.

TNS is a provider of payment gateway and payment network connectivity solutions, connecting merchants and retailers to banks, acquirers and processors to enable secure delivery and processing of payments.

For more information on this topic, visit our transaction processing research center.