Travelex subsidiary outsources payments connectivity to TNS in Asia

16 July 2012

Travelex Outsourcing, a subsidiary of the foreign exchange (FX) provider Travelex, is using managed payments connectivity solutions from Transaction Network Services (TNS) to improve its coverage in the Malaysian, Singaporean and Australian markets.

TNS is providing Travelex with regional host connectivity and network access points, enabling transactions between Travelex Points of Sale (PoS) terminals and its corresponding, customer financial institutions in various countries to enable dynamic currency conversion (DCC) across the Asia Pacific region. Travelex said that, with TNS, its customers would benefit from secure end-to-end managed connectivity utilising a PCI DSS certified backbone network.

Travelex will also be using TNSonline, a web-based network management portal which provides a real time view of network and transaction performance for reporting and troubleshooting.

“TNS provides a shared, secure payments-only backbone between our target countries,” said Damian Cecchi, general manager of Travelex Outsourcing. “Working with TNS will enable us to rapidly connect new customers in international markets, at a price point that represents value to building it in-house.”

By Neil Ainger

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