International payment service provider DIBS Payment Services is streamlining its payment connectivity by replacing multiple local suppliers with just one resilient connection into Transaction Network Services' (NYSE:TNS) PCI DSS certified global backbone network.
Active in 17 countries, DIBS is one of Scandinavia's leading providers of online payment services and its hosted payment solution is used by more than 11,000 customers to manage their transactions.
Eric Wallin, CEO at DIBS Payment Services, said: "We provide a valuable service to our extensive customer base, taking the headache out of handling payments and allowing them to concentrate on running their businesses. Working with TNS gives us access to multiple banks and acquirers, through just one connection, helping us to make our technology infrastructure more efficient, as well as extending the number of end points we can potentially reach."
The deal will see secure resilient connectivity set up between DIBS and TNS, enabling DIBS to benefit from faster transactions, Secure Socket Layer (SSL) encryption and seamless transaction processing.
Chris Jones, Director at PSE Consulting, said: "This represents one of a growing number of multi-country deals that we expect to see in Europe in the next few years as merchants and their processors look for increased consistency and cost savings in a post SEPA and PSD world".
Fintan Byrne, Regional Sales Director for TNS UK & Ireland, said: "We are delighted to be working with DIBS Payment Services. Cross border payments can be complex and expensive to set up and manage, and the infrastructure required to support this can be exorbitant. We have developed our PCI DSS certified global backbone network to simplify this and provide our customers with one easy to access resource that provides a wealth of additional benefits and services."