TNS Partners with the Australian Payments Industry for New PCI-DSS Certified, Managed COIN Payment Network
TNS was selected by AusPayNet and COIN Members for its secure, stable and efficient managed network service
SYDNEY--(BUSINESS WIRE)--Transaction Network Services (TNS) is partnering with the Australian payments industry to deliver a new fully managed infrastructure for the Australian Payment Network’s (AusPayNet) Community of Interest Network (the COIN).
“With TNS we have achieved a future-proof solution to help deliver critical reliability and resiliency.”
The COIN is a high availability, managed network for multilateral secure transmission of payment files and transactions. Designed as collaborative core infrastructure for the future of Australia’s low-value payments, the COIN provides an alternative to point-to-point connectivity between payments participants. Currently, the COIN provides network services and connectivity for cheques, direct entry, domestic cards and BPAY bill payments.
“We are delighted to have been selected by AusPayNet and its members as the exclusive payment infrastructure partner for COIN,” said Michael Johnson, Managing Director - FinTech Solutions, APAC for TNS Payments Market.
“Our carrier agnostic managed solution leverages the latest SD-WAN technology underpinned by a 99.999% availability commitment. The TNS Managed COIN Payment Network will help to provide enhanced security, higher resilience and availability, simplified access and onboarding, and greater visibility of network performance, all managed in a PCI-DSS certified environment.”
The migration to the new TNS managed COIN is now complete and includes the ability to scale and adapt to members’ and the payments landscape’s volume and technical needs.
“Partnering with TNS for a significantly enhanced COIN network meets our commitment to a secure, stable and efficient payments network,” said Andy White, CEO, AusPayNet. “With TNS we have achieved a future-proof solution to help deliver critical reliability and resiliency.”
Every BECS debit, eftpos, BPAY and cheque transaction in Australia now relies on the TNS end-to-end managed network service to securely transport essential real-time authorization and settlement files. TNS’ PCI-DSS certified, multi-carrier solution utilizes multiple connectivity types to optimize performance and increase network availability. An online portal provides real time visibility, management and reporting while the service is also supported by TNS’ four 24/7/365 global Network Operating Centers in Australia, US, UK and Malaysia.
For more information on TNS’ Payments Market solutions, visit tnsi.com/solutions/payments.
About TNS:
TNS is a global leader in providing full-stack, modern and secure payment and network solutions. As a leading provider of Infrastructure-as-a-Service (IaaS) solutions with more than 30 years’ experience, TNS has been offering managed service solutions to more than 1,400 organizations in over 50 countries. TNS’ comprehensive portfolio spans from cutting-edge unattended and in-store payment terminals, online solutions to secure global network connectivity and seamless payment processing through its cloud native payment orchestration platform. With TNS’ portfolio of industry leading services, customers can reduce the complexities of fragmented payments and connectivity with just one trusted managed service partner.
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