News

TNS introduces secure Internet gateway to India

November 5, 2019

Transaction Network Services has launched its secure Internet gateway to the Indian market and secured its first customer agreement with one of the world's leading international acquirers, according to a press release.  

The TNS SIG solution enables merchants to connect online and offline payments to acquirers, processors and banks via a secure payments network. 

It marks the first IP device level solution to be offered to merchant acquirers and processors in India that has been specifically designed for point-of-sale payments terminals, according to the release. Prior to this, acquirers and processors had to build their own infrastructure with solutions from local telcos.

"We are delighted to have secured this leading acquirer as the first customer onboard for our dedicated gateway," Michael Johnson, TNS managing director for fintech solutions in Asia Pacific, said in the release. "The Indian market is rapidly expanding with almost 500 million electronic payment transactions occurring every month. We expect to see this figure continue its fast growth as financial inclusion programs bring more of the 1.4 billion population into banking and retailers provide a wider range of payment options in store."

The TNS SIG is a PCI DSS compliant solution which helps guard against Internet security incidents which are increasingly targeting IP transactions, such as hacking, rogue terminals and DDoS attacks. 

Prior to this agreement, TNS has supported this acquirer with multiple other solutions around the world. This is the first time the organizations will work together using IP products in India.