Transaction Network Services, Inc., a subsidiary of TNS, Inc. (NYSE:TNS), today announced that Metavante Corporation, a leading banking and payments technology solutions provider, has renewed its agreement with TNS to be Metavante's primary transaction network provider for dial ATM traffic in the U.S.
In addition, TNS will provide "always-on" connectivity through TNS' persistent-dial private network for telecommunications solutions. Metavante is the financial technology subsidiary of Marshall & Ilsley Corporation.
"TNS truly understands our business approach," said Bruce Hopkins, Senior Vice President, Metavante Payment Solutions Group. "We know we can rely on the TNS network to continue to deliver a robust, seamless solution, which adds value to the services we provide our customers."
"This agreement represents Metavante's ongoing confidence in TNS to deliver critical ATM solutions," said Larry Crompton, senior vice president and general manager of TNS' POS Division. "We are very pleased to be broadening the scope of our relationship to provide 'always-on' telecommunications solutions to meet the growing bandwidth requirements of Metavante's customers."