Phoenix Managed Networks (Phoenix) the next generation payment network, today announced the most significant launch in the payments industry of the year.
Following the widespread success in the USA Phoenix has introduced a new, dedicated PCI DSS payments transaction network to bring the U.K. and Europe, the fastest, most flexible and reliable service available in the industry.
The first provider to offer unlimited capacity, throughput, scalability and resilience, Phoenix's service will meet the reliability needs crucial for high demand environments. In addition, Phoenix's technology goes above and beyond the international security standards and corporate governance obligations to which banks and retailers must comply.
Phoenix is re-writing the network management rule book and has introduced a broad range of advanced payment applications from one easy point of integration including an international payments gateway, sophisticated fraud prevention, authorisation, mobile solutions and settlement capability for POS, ATM and Kiosks. These new state-of-the-art products are incorporated into new service delivery models that the market now demands including "Software as a Service" (SaaS) and Application Service Provider (ASP). These new services are testament that Phoenix is championing the emerging concept that payment transactions are no longer just a means of connecting point A to point B.
This new end-to-end service is designed by payments experts for payments experts. It offers innovation with ground breaking encrypted network capacity and multi-meter transaction based pricing to provide the most cost-effective and PCI DSS compliant network for high volume payment traffic.
Phoenix is led by internationally renowned business entrepreneur John J. McDonnell Jr., founder of TNS Inc. in 1990. Phoenix's Europe operation is spearheaded by Alan Stephenson-Brown and Tim Bell. The three have a previous history of working together when Alan and Tim led the TNS UK operation under Jack in 1997, a success they are determined to better. With a combined expertise of over 50 years at the highest level, noo group is better placed to do this than Phoenix's winning team.
Phoenix has designed 21st century payment technologies in a sector that is in desperate need of modernization. For years retailers and acquirers have faced instances of network down time, an occurrence which in this day and age is unacceptable to any business processing transactions. Alan Stephenson Brown comments, "With the growth of electronic payments worldwide and the increasing use of cards to pay for lower ticket items, the market is rising fast. Extra strain on banks and retailers to cope with increased demand makes it far too risky for businesses to continue to put all their payment transportation needs in one basket. Phoenix is the new essential alternative and we passionately believe in the virtues of dual sourcing network traffic to solve the aged old problem of service interruptions for good."
John J. McDonnell Jr. Chairman and Chief Executive Officer of Phoenix says, "We founded TNS over 20 years ago on the best technology available at the time. With Phoenix, we have built an entirely modern network to create a healthier competitive landscape. We provide an exclusive focus on the payment space, more modern, flexible technology, and fantastic commercial benefits. Clients now have more choice...this is a good thing."
Paul Rodgers, chairman of Vendorcom said; "This is truly significant news for the payments industry. I am very excited about the opportunities that this development will bring to the market, and I believe Phoenix will fill a void and bring payments networks well and truly into the 21st century."
Phoenix's European head office and operations center is in Sheffield in the UK with the company headquarters in Reston Virginia in the USA. Founded in January 2010, Phoenix is already highly successful in North America, and is advocating a combination of quality, innovation and a guarantee of uncompromising high standard of customer care, to an industry that has been poorly served in recent years.