News

TNS Smart Network now processing transactions for 7,200 Canadian ATMs

August 30, 2004

TORONTO - TNS Smart Network Inc., Canada's largest privately owned transaction processor, has reached a milestone of more than 7,200 ATMs in Canada.

According to a news release, this growth represents a 149 percent increase in ATMs in the past three years.

Mischa Weisz, the company's president and CEO, attributes the growth to TNS' sound reputation for customer service, and its proprietary processing software.

TNS Smart Network's has seen a 79 percent increase in transaction volume since 2001. "In 1998 I thought we would peak at 2,000 ATMs," said Weisz, "however we are continually astonished by the growth of new Independent Sales Organization companies which have added to the complement of new ATMs being deployed in Canada."

TNS continues to add new features such as customizable alert notifications and wireless transactions/ATM security monitoring to its software. It also began offering processing in the United States through a subsidiary, SPN Processing Network, earlier this year.