Paymark and TNS Partnership Boosts New Zealand Payments Infrastructure

SYDNEY–()–New Zealand’s main digital fee community, Paymark, is partnering with Transaction Network Services (TNS) to strengthen its EFTPOS providers with a brand new vary of different, characteristic wealthy and extremely dependable fee options.

The settlement will allow Paymark to increase assist for its widespread dial up service to retailers in New Zealand by one other three years, with the choice to increase nicely into the long run. Paymark can even be capable to introduce new wireless and IP POS providers, as required by its retailers, because of TNS’ Global Wireless Access and TNSLink for Retail options.

Shane Ohlin, Chief Information Officer at Paymark, mentioned: “We are delighted to be working with TNS to strengthen the New Zealand market. We are devoted to offering a top quality vary of funds entry providers to assist our retailers throughout the nation.

“IP Dial stays an necessary entry possibility for our clients and TNS shares our ongoing dedication to this expertise. Partnering with TNS permits us to reinforce our current dial up providing whereas strategically increasing our portfolio and future-proofing our enterprise with new wi-fi and IP choices. It is necessary that we might be agile and aware of altering market dynamics and we’re assured our settlement with TNS places us in a powerful place. We count on to additionally cut back our operational and assist prices as working with TNS will assist to streamline our infrastructure.”

TNS’ Global Wireless Access is a managed roaming wi-fi POS answer which can supply retailers larger safety, protection and reliability. It combines strongest sign detection with information roaming to beat conventional blackspots permitting retailers to transact.

The TNSLink for Retail answer will substitute Paymark’s OneOffice and RetailZone providers for giant retailers and supply further performance, together with safe excessive velocity bi-directional connectivity assist for time reporting, stock monitoring and different again workplace functions along with dealing with the POS transactions taken instore.

John Tait, Managing Director of TNS’ Payments Division for the Asia Pacific area, mentioned: “We’re delighted to be working with Paymark and boosting the services it offers. Paymark is the leading processor in New Zealand and currently handles 75% of all card transactions in the country. This network includes 140,000 EFTPOS terminals across 80,000 merchants and sees approximately 1.2 billion transactions worth $60 billion carried each year on behalf of more than 50 card issuers and acquirers. We are excited at the role we will play in supporting this significant level of activity.”

New Zealand’s customers are a few of the world’s largest customers of debit and bank cards. Debit card utilization, particularly, has soared over the past 30 years, fuelled by low charges and excessive client adoption.

Mr Tait mentioned: “Numerous New Zealand telecommunications suppliers have tried to maneuver companies off dial PSTN entry as they search to finish of life their core infrastructure in favour of latest IP and 4G/5G wi-fi networks. TNS is dedicated to being the ‘last man standing’ globally in offering dial POS options and supporting the lengthy tail of retailers who’re nonetheless gaining the advantages of this legacy expertise. This new settlement with Paymark reaffirms this and demonstrates our continued funding in being a number one options supplier for New Zealand.”

TNS’ Dial answer gives excessive availability with superior node and circuit redundancy, back-up and versatile routing capabilities. It has been designed to ship all forms of transaction visitors, together with credit score and debit playing cards, pre-paid cellular top-ups, gaming, alarms, stock management, order entry and different transaction-oriented functions. It delivers shorter and more economical transaction instances than basic objective community service suppliers and helps all identified POS protocols. Near real-time visibility, monitoring and reporting is offered by TNSOnline.

The TNSLink for Retail answer makes use of broadband with 3G/4G back-up or multi-network 3G/4G to offer failover and allow shops to proceed to function if the first technique of connectivity turns into out there.

TNS’ Global Wireless Access can present vital price and time financial savings by permitting the majority provisioning of SIMs, and the usage of a complicated administration and diagnostics portal provides flexibility and management over SIM deployment.

Since it was based in 1990, TNS has secured a powerful payments heritage and expanded to offer providers in additional than 60 countries throughout Europe, the Americas and the Asia Pacific areas. The group is a Level 1 PCI DSS licensed service supplier and its safe community is supported 24x7x365 by TNS’ Network Operating Centers around the globe. For extra details about TNS, please go to www.tnsi.com

ENDS

About Transaction Network Services:

Transaction Network Services (TNS) is a number one world supplier of knowledge communications and interoperability options. TNS presents a broad vary of networks and modern value-added providers which allow transactions and the trade of knowledge in various industries akin to retail, banking, fee processing, telecommunications and the monetary markets.

Founded in 1990 within the United States, TNS has grown steadily and now gives providers in over 60 international locations throughout the Americas, Europe and the Asia Pacific area, with our attain extending to many extra. TNS has designed and applied a number of information networks which assist a wide range of extensively accepted communications protocols and are designed to be scalable and accessible by a number of strategies.

About Paymark:

Paymark is New Zealand’s main digital funds firm. For the previous 26 years we’ve got served lots of of hundreds of New Zealand retailers by our protected, safe and dependable infrastructure.

Paymark covers greater than 140,000 terminals, accounting for in extra of 75% of the New Zealand funds panorama. We course of round 60 transactions each second of the day.