Transaction Network Services
|Transaction Network Services|
|Headquarters||Reston, Virginia, USA|
|Key People||Mike Keegan, CEO|
Transaction Network Services (TNS) is a provider of managed data communications and interoperability solutions for businesses, financial institutions, and telecommunications companies. The company offers a range of services including secure financial transaction processing, managed network services, and data connectivity solutions. Since 2021, TNS has been owned by Koch Industries.
Transaction Network Services was founded in 1990 as a subsidiary of the privately held company TNS, Inc. The company's initial focus was on providing transaction routing services for automated teller machines (ATMs). As the company grew, it expanded into other areas of financial transaction processing and data communications.
In 1995, TNS was acquired by VeriFone, a leading provider of electronic payment systems. Under VeriFone's ownership, TNS continued to expand its product offerings and client base. In 2005, TNS was spun off as an independent company following VeriFone's acquisition by Hewlett-Packard.
Products and Services
Transaction Network Services offers a wide range of managed data communications and interoperability solutions. Some of the company's key services include:
Secure Financial Transaction Processing: TNS provides secure transaction routing and processing services for banks, credit unions, and other financial institutions. This includes services such as ATM processing, card issuing and acquiring, and payment processing.
Managed Network Services: TNS offers a range of managed network services, including managed WAN, LAN, and Wi-Fi services. These services are designed to provide businesses with secure, reliable, and cost-effective network solutions.
Data Connectivity Solutions: TNS provides a range of data connectivity solutions, including VPNs, MPLS networks, and private lines. These solutions are designed to provide businesses with secure and reliable connectivity to their data and applications.
Transaction Network Services has formed partnerships with a range of businesses and organizations. Some of the company's key partners include:
- Payment Networks: TNS has partnerships with a range of payment networks, including Visa, Mastercard, and American Express.
- Financial Institutions: TNS provides services to a range of financial institutions, including banks and credit unions.
- Telecommunications Companies: TNS works with a number of telecommunications companies to provide managed data communications solutions.
- Mike Keegan, CEO