[IMGCAP(1)]

Transaction Network Services Inc. has launched a service that enables merchants with dial-up point-of-sale terminals to connect to processors via a high-speed Internet connection, the company announced today. Dubbed FusionPoint Lite, the service includes a device that passes along the data initiated on the dial-up terminal via broadband connection to processors. Reston, Va.-based TNS says the device, which is made for TNS, is free to merchants that subscribe to the service. TNS is working with processors to reach merchants, but a spokesperson says the company is considering reselling through independent sales organizations. Resellers can mark up the service to generate revenue. Merchants can benefit from the service because they do not have to replace dial-up terminals, TNS says. The broadband connection also speeds up processing versus a dial-up connection. TNS says the service complies with the Payment Card Industry Data Security Standard and encrypts transactions during transmission.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry