Transaction Network Services enhances TNSPay gateway with PayPal

Mark Freidin

7th Jul 2010

Transaction Network Services enhances TNSPay gateway with PayPal

SYDNEY, 7 July 2010 – Transaction Network Services (NYSE:TNS), a global provider of payment solutions, has integrated PayPal as a payment option within its TNSPay gateway, providing its merchants easy access to PayPal’s 84 million global accounts.
This initiative, which is being rolled out across the Asia Pacific region, allows Australia to be the first country to make the solution readily available to merchants via TNS’ payment gateway. Prior to this integration, businesses on the TNSPay gateway would have to request a custom systems integration to use PayPal.
Over the past five years, transactions through PayPal have grown fivefold and over 30,000 Australian merchants currently offer PayPal as a safe and secure payment option. The integration within the TNS platform will enable the merchants using the TNSPay gateway to easily offer PayPal as a payment option.

In addition to providing access to PayPal’s 3 million active accounts in Australia, the solution opens the door to merchants seeking opportunities to sell products or services to overseas markets. With more than 84 million active accounts in 190 markets and 24 currencies, PayPal helps merchants drive sales both domestically and internationally.
“The integration with PayPal through TNS, can reduce associated implementation costs for merchants by removing the need for multiple integrations, whilst maintaining consolidated control for reviewing sales, reporting, refunding and Risk Management.” said John Banfield, Senior Vice President & General Manager, Asia Pacific Payments Division, TNS. “TNS prides itself on offering efficient payment solutions and we are excited to bring this additional benefit which offers a more convenient eCommerce experience for our merchants and their customers. This new gateway feature benefits online merchants seeking to expand their offerings and reach new audiences.”
By adding PayPal, TNS offers merchants a comprehensive range of payment types across a single payment gateway solution. As TNS continues to expand its payment gateway presence globally, this agreement delivers the capability for TNS merchants anywhere to accept PayPal.
“We are delighted that TNS merchants can easily integrate PayPal, providing their customers with the benefits of PayPal’s safe and secure payment service,” said Frerk-Malte Feller, Managing Director, PayPal Australia. “As Australians do more of their shopping online it’s important that they have peace of mind when making a purchase. PayPal keeps financial information private, giving consumers the confidence that their financial information is secure when shopping online.”