Travelex Picks TNS for Payments Connectivity to Asian Banks

Foreign exchange (FX) provider Travelex said its subsidiary, Travelex Outsourcing, is strengthening its targeting of Malaysia, Singapore and Australia by using managed payments connectivity solutions from Transaction Network Services (TNS).

TNS is providing Travelex with regional host connectivity and network access points, enabling transactions between Travelex points-of-sale (POS) and its corresponding, customer financial institutions in various countries to enable dynamic currency conversion (DCC) across the Asian-Pacific region. Travelex said that, with TNS, its customers would benefit from secure end-to-end managed connectivity using a payment card industry data security standard (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.”

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