Transaction Network Services, Inc. Teams With Bell Atlantic Mobile To Provide Wireless Services For Credit Card Processors
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Transaction Network Services, Inc. Teams With Bell Atlantic Mobile To Provide Wireless Service For Credit Card Processors
July 22, 1998
Maggie Aloia Rohr,
Karen Kazmark, Transaction Network Services
BEDMINSTER -- Transaction Network Services, Inc. (TNS)
(NASDAQ:TNSI) announced today that it has signed an agreement with
Bell Atlantic Mobile to begin offering a seamless end-to-end wireless
solution for card processors who want to provide processing services to
merchants and vendors who do not have access to telephone lines.
The Bell Atlantic Mobile AirBridge® wireless data network will be
interconnected with TNS' TransXpress® X.25 network, eliminating the
need for merchants to use dedicated or shared telephone lines to carry
transaction traffic. Because there is no need for a physical "hook-up,"the
solution is particularly attractive to mobile merchants such as taxi and
limousine drivers, as well as in-home service providers such as plumbers,
electricians, and home delivery companies. Mall kiosks and sporting and
special event retailers, as well as fixed site merchants, will benefit from the
freedom of the wireless solution as well.
"Our decision to incorporate wireless data into our network services is
based on our ongoing commitment to offer processors new technologies
that will enable them to broaden their electronic merchant base,"said Brian
Bates, senior vice president and general manager of TNS' POS division.
"Moreover, we want to ensure that the implementation process, especially
when it involves new technology, is made as easy for our customers as
possible. We also want to ensure the same high level of TNS customer
support as processors bring up new technologies, so by offering turnkey
solutions, we can minimize customer effort and maximize customer
"This agreement with TNS is consistent with our strategy to focus on the
growing needs of the huge retail market for faster, cheaper credit card
processing," said Bill Davidson, vice president-wireless data sales and
marketing for Bell Atlantic Mobile. "Our AirBridge Wireless Retail
Solutions Group will work with TNS to provide merchants with flexible
options for conducting credit card transactions."
Bell Atlantic Mobile owns and operates the largest wireless network in the
East, covering 112,000 square miles, and the largest chain of retail outlets
devoted exclusively to wireless voice, data and paging. Based in
Bedminster, NJ, Bell Atlantic Mobile has 5.5 million customers and 7,000
employees from Maine to Georgia and, through a separate subsidiary, in
the Southwest. Through its "Wireless at Work..."community relations
program, the company uses its technology to help individuals and
communities improve security and emergency communications. Bell
Atlantic Mobile's parent is one of the world's largest wireless
communications companies, with domestic operations in 25 states and
international investments in Mexico, Europe and the Pacific Rim. For more
information on Bell Atlantic Mobile visit: www.bam.com; on global
operations visit: www.bellatlantic.com/worldwide.
Transaction Network Services, Inc. (TNS), headquartered in Reston,
Virginia, provides data communications services for transaction-oriented
applications. The company is listed on the NASDAQ Stock Market under
the symbol TNSI. Additional company information is available on the TNS
website at www.tnsi.com.
The statements and information contained in this news release that are not
descriptions of historical fact may contain forward-looking statements that
involve a number of risks and uncertainties that could cause actual results
to differ materially.