MasterCard has renewed its agreement with Transaction Network Services, a global provider of payment solutions, to get payment server software for its ecommerce platform MasterCard Internet Gateway Service (MiGS).
MiGS provides an outsourced payment gateway service for MasterCard’s bank acquirers and merchant customers. The MiGS platform provides Card-Not-Present transactions for online activities, including eCommerce and purchases via mobiles and telephones.
The renewed agreement cements the relationship between the TNS Payments Division and MasterCard which began in 2007. TNS supports MiGS with payment software for a range of online payments services commonly used in Card-Not-Present transactions. TNS technology enables processing of multi-regional card transactions and supports a secure, reliable and efficient payments environment.
Shuan Ghaidan, group head of customer delivery in Asia/Pacific, Middle East & Africa Region at MasterCard, said: “The agreement with TNS was renewed because of their track record for supporting our business needs over the term of our previous agreement. This renewed agreement will enable MasterCard to continue to deliver value to customers through our market-leading hosted processing services.
“With TNS’ payments technology, MasterCard can continue to offer flexible payment types and administrative tools for empowering our customers, ensuring a secure environment for transactions, and simplifying the customers’ payment experience.”
John Banfield, SVP and GM of TNS’ Asia Pacific payments division, said: “TNS is proud to be the chosen technology partner for the MiGS eCommerce processing platform. This agreement affirms TNS’ commitment to MasterCard’s vision of the future of eCommerce.”