Providers of card not present (CNP) payments technology will soon have company as Transaction Network Services plots an expansion of its international CNP product into the U.S. market.
The firm just signed an agreement with Continental Airlines to use the tech firm’s TNSPay Gateway to authorize online payments.
"Continental is our coming out party in the U.S.,î says Gerry Grealish, a vp in TNS’ payments division. "There are a lot of merchants that are looking to become more global players. And there are a lot of merchants that are dealing with legacy issues that are very complex."
Under the terms of the agreement, Continental Airlines will process online payments from its reservations system through TNS’s TNSPay gateway. The TNSPay platform enables more than 180 million transactions each year and connects more than 30,000 merchants and 110 banks and card schemes worldwide.
The TNSPay gateway merchants can securely accept payments over the Internet or any other payment application where the credit card is not physically present at the point-of-sale, such as mail/phone order, call centers and recurring billing.
By expanding into the U.S., TNS—which provides other card payment technology in the U.S.—will hope to gain share against a number of firms that provide CNP, including Chase Paymentech, First National’s PayFuse and other firms.
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