Two companies that provide high-speed data connectivity between card terminals and transaction processors announced separate deals this week.
Phoenix Managed Networks LLC, formerly HBNet, has signed a multiyear agreement with Cardtronics Inc. in which it will deliver ATM and kiosk transactions to the Houston-based ATM independent sales organization’s datacenters using its encrypted network. The Reston, Va.-based data network says it also will provide protocol and communication-conversion services to legacy devices within Cardtronics’ installed terminal and ATM base.
Phoenix is a joint venture Hypercom Corp. formed late last year with The McDonnell Group LLC that acquired and now operates Hypercom’s HBNet transaction-transport business (see story). It provides payment processors, financial institutions and retailers globally with data-communication services for transaction-based applications.
Separately, Transaction Network Services Inc., whose U.S. operations are based in Reston, has signed a deal to provide wireless ATM-processing services to Alaska Option using its TNSLink managed communication service.
TNSLink will help the Anchorage-based electronic funds transfer network to provide two-way wireless communication to its members’ ATMs, enabling the network to remotely manage the machines, including handling remote encryption-key distribution and collecting journal ATM data, TNS says.