Transaction Network Services (NYSE: TNS) has teamed up with WAY Systems to offer PIN Debit capabilities to mobile merchant customers via Synapse, TNS' wireless payment gateway.
Based in Boston, MA, and founded in 2004, WAY Systems is a privately held organization that provides mobile Point of Sale (POS) terminal devices to mobile merchants throughout the US. WAY Systems currently offers the smallest, most compact terminal models available.
Since 2005, WAY Systems has utilized the Synapse solution by TNS to process credit card transactions over TNS' secure global network. Once implementation is complete, Synapse customers utilizing WAY terminal devices will be able to process both debit and credit transactions over the TNS payment gateway.
Harry Hargens, Vice President of Product Management at WAY Systems said: "Synapse customers using WAY terminals will now enjoy the benefits of utilizing a single solution for both credit and PIN Debit. TNS and WAY Systems are able to offer the complete package of reliable service and quick and easy processing from anywhere through one secure wireless connection.
"We have a long standing relationship with TNS and the service they have delivered has proven to be extremely reliable, so it just made sense for us to build on that trusted relationship.
"Merchants already using our terminals and the Synapse payment gateway for credit transactions will be able to instantly use the same devices for debit processing once the solution is available. By working with TNS, we are able to offer the combination of a secure mobile merchant solution along with the reliable service TNS brings to the table."
The Synapse solution offered by TNS provides a one-stop-shop for ISOs, acquirers, and processors to manage wireless terminal portfolios.
By taking advantage of Synapse, merchants are able to rely on the security and performance of TNS' PCI DSS certified Synapse processing environment and 24x7x365 helpdesk services with live real-time support.
Alan Schwartz, Executive Vice President, North America Sales at TNS, added: "We are thrilled to be expanding our processing capabilities with WAY Systems. Having the ability to process debit transactions rounds out our feature-set, and will allow customers to take a deeper look at the high quality of customer service and gateway reliability that sets us apart from our competitors."
Synapse is a wireless gateway and management solution providing services for ISOs, acquirers, and processors to manage their wireless terminal portfolios. Using a PCI DSS certified processing environment, it offers a broad range of end-to-end services. The solution includes wireless network access, account activation, fast, reliable, and secure transaction delivery to most major processors, web-based merchant and terminal management, customizable online reporting, and live 24x7 customer service.