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TNS Acquires Taiwan Manager to Lead Asian Expansion

Transaction Network Services (NYSE: TNS) has expanded its presence in Asia with the opening of an office in Taiwan and the appointment of David Chiang as Country Manager.

The office was opened after TNS had been granted a Type II Telecom Business license by the National Communications Commission of Taiwan, which enables it to provide international telecommunication and transactional processing services in Taiwan. TNS is working with a leading payments company in the region to migrate its business to a fully managed PCI DSS compliant service, delivering significant operational benefit and cost savings.

Mr Chiang, who speaks Mandarin, English, Taiwanese and French, will be responsible for generating new sales leads in the Greater China region, developing relationships with local banking and merchant organizations and promoting TNS solutions in the Taiwan market. In addition, he will lead the Taiwan office based in Taipei.

With more than 30 years of experience in the payments industry across Taiwan, China and USA, Mr Chiang joins from Nexsys Corporation and has previously held roles with companies including Chia Hsin RMC, ComLink, E&M Technology and Kapiit Inc. He brings specialist knowledge and expertise in retail credit card issuance, acquiring and processing, as well as international trade finance. Mr Chiang will be assisted by James Wu, who joins the company from Far East Tone Telecom.

John Banfield, Senior Vice President and General Manager of TNS’ Asia Pacific Payments Division, said: “We are delighted to welcome David to the team. His in-depth knowledge of the Asian marketplace, coupled with experience gained at leading payments technology companies, makes him well positioned to enhance our presence predominantly in Taiwan, but also further into the Greater China region.”

Mr Chiang said: “There are many opportunities to promote TNS’ full suite of payments solutions in the Greater China region. Having worked in the industry for many years, I am delighted to join such a well-established, prestigious company and I’m looking forward to exploring new relationships in the region, as well as promoting the benefits of our secure, resilient and cost effective services to the industry.”

Founded in 1990, TNS’ global expertise extends to more than 60 countries across Europe, the Americas and the Asia Pacific regions. Through its broader payment solutions offering, TNS now connects over a million merchants and retailers to the world’s leading banks, acquirers and processors, enabling secure, efficient and cost-effective delivery and processing of payments.

For more information about TNS, please visit www.tnsi.com

ENDS

About Transaction Network Services:

Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.

TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.

Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.

For further information about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’

Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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