Barclaycard Business has extended its nine-year partnership with Transaction Network Services, whereby TNS will continue to provide the card issuer with services designed for fast, reliable and secure payment transactions.
TNS manages billions of transactions each year for Barclaycard Business, and aims to deliver efficient authorization and timely settlement across TNS’s secure private network.
Barclaycard Business is the UK’s largest issuer of commercial cards, with over 152,000 corporate customers, and provides card processing services for over a third of the UK’s retailers.
TNS provides a range of services, including routing point of sale transactions from Barclaycard Business customers over ISDN or PSTN, DSL, host to host, leased line connectivity for larger customers, end of day settlement and polling files from Barclaycard Business’s terminal estate.
TNS says it has kept transaction times to a minimum for Barclaycard Business and its customers – despite a rise in transaction packet size since the introduction of Chip and PIN – by employing networking technology to help streamline transactions and improve operational efficiency.
Mark Collins, managing director of Transaction Network Services UK and Ireland, commented: TNS’s recent acquisitions and operations around the world mean we have many more options to bring to the table for Barclaycard Business and their customers both nationally and globally.