AVEO Group Reaches Major New Multi-Million Euro Agreement with TNS

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Information about AVEO Group Reaches Major New Multi-Million Euro Agreement with TNS

Published on March 15, 2016

Author: TNSIMarketing

Source: slideshare.net

1. AVEO GROUP REACHES MAJOR NEW MULTI-MILLION EURO AGREEMENT WITH TNS March 15, 2016 – AVEO Group, on behalf of the Credit Agricole Group’s entities, is strengthening its payments infrastructure after finalising a new multi-million Euro deal with Transaction Network Services (TNS). The multi-year agreement has been reached with Monecam, AVEO Group’s subsidiary company, on behalf of the Credit Agricole Group’s entities. It will result in TNS becoming the leading supplier of dial and Public Switched Telephone Network (PSTN) payment transaction services to the Credit Agricole Group. Today’s news builds on the 10 year relationship TNS has enjoyed with Monecam which is part of the Credit Agricole Group. TNS will route PSTN transactions from Credit Agricole Group’s merchant customers across France via regional banks to its processing centre. TNS’ dial service has been designed to deliver all types of transaction traffic, including credit and debit cards, pre-paid mobile top-ups, gaming, alarms, inventory control, order entry and other transaction-oriented applications. It offers high availability with advanced node and circuit redundancy, back-up and flexible routing capabilities. David Campoy, Vice President of Sales at TNS, said: “After 10 years working closely together, we are very pleased to become Credit Agricole Group’s leading supplier for these business critical services. “This partnership will allow AVEO Group and TNS to explore future service expansions, including supporting the deployment of Credit Agricole Group’s customers, thanks to TNS’ extensive footprint and wide range of advanced services.” TNS’ reach extends to more than 400 payments-specific endpoints globally, including major card schemes, acquirers, processors and banks. Its dial service supports all known point-of-

2. sale protocols and delivers shorter and more cost effective transaction times than general purpose network service providers. The increased speed of transactions reduces acquiring host port holding times, improving system efficiency. Real-time visibility, monitoring and reporting is provided by the integrated TNSOnline solution. TNS is a Level 1 PCI DSS certified service provider and its secure network is supported 24x7x365 by TNS’ Network Operating Centres around the world. With a strong payments heritage and more than 20 years of expertise, TNS now provides services in more than 60 countries across Europe, the Americas and the Asia Pacific regions. For more information about TNS, please visit www.tnsi.com ENDS About Transaction Network Services: Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions. TNS offers a broad range of networks and innovative value- added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets. Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. For further information please contact: Clare Cockroft or Jo Moorwood TNS TNS PR Director Senior Director, Marketing Communications T: +44 (0)114 292 0163 / +1 703 814 8065 E: pr@tnsi.com

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