Business Services Industry
Affiliated Computer Services Selects Transaction Network Services; More than 20,000 POS Terminals Enhanced by TNS' Transaction Processing and Data Network Services
Business Wire, August 15, 2006
RESTON, Va. -- Transaction Network Services (TNS), Inc. (NYSE:TNS), a leading provider of business-critical network and data communications services for transaction-oriented applications, today announced that Affiliated Computer Services, Inc. (ACS), a premier provider of business process outsourcing and information technology solutions, has selected TNS to provide cohesive transaction processing networking for more than 20,000 point-of-service (POS) terminals across the United States.
ACS deploys thousands of POS terminals for processing Electronic Benefit Transfer (EBT) transactions across nine states, as well as 6,000 POS terminals across two states for Electronic Child Care programs used for time and attendance and remittance payments for vendors. EBT is the electronic system that allows a recipient to authorize transfer of their government benefits from a Federal account to a retailer account to pay for products received. EBT is currently being used in many States to issue food stamp and other benefits. EBT has been implemented in all States since June of 2004. In May of 2006, TNS processed millions of transactions on behalf of ACS.
"TNS offers reliable and expeditious processing, where every second counts. Their expertise will benefit our customers across a number of states," said Ann Kieffaber, senior vice president and managing director of ACS' Government and Community Solutions line-of-business. "ACS investigated a number of vendors and came to the conclusion that TNS would be the best strategic partner and the best equipped to ensure that we continue to provide a superior service. We look forward to working with TNS as we continue to serve the EBT program."
"ACS is one of the industry's leading providers of child support services with payment processing and disbursement operations in the U.S.," said Heidi Goff, executive vice president and general manager, POS division at TNS. "Our company's proven track record in critical transaction processing with POS terminals made TNS a natural partner. By improving speed, efficiency and security we can help ACS in better serving the needs of those reliant on EBT services."
About ACS
ACS, a global FORTUNE 500 company with more than 55,000 people supporting client operations reaching nearly 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." ACS makes technology work. Visit ACS on the Internet at www.acs-inc.com.
About Transaction Network Services, Inc.
Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery platforms to enable transaction authorization and processing across several vertical markets and trading communities.
Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. TNS network technologies have been deployed in the United States and internationally, and TNS networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine markets. For further information about TNS transaction solutions, please refer to www.tnsi.com.
The statements and information contained in this press release that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond TNS' control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. TNS disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.
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