TNSI Get's American Express Account...
RESTON, Va.--(BUSINESS WIRE)--Jan. 7, 1997--Transaction Network Services, Inc. (TNS) (NASDAQ:TNSI) announced today that it has signed a multi-year agreement with American Express Travel Related Services Company, Inc. (AMEX) (NYSE:AXP) to provide transaction transport services directly to one of the largest credit card issuers and processors. Effective January 1, the contract is worth over $6 million.
American Express Travel Related Services Company, Inc. is a wholly-owned subsidiary of the American Express Company, a diversified worldwide travel and financial services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning, investment products, insurance and international banking.
"TNS is a recognized provider of high quality data transport services and, as such, they will play a vital role in helping AMEX manage its telecom infrastructure in the U.S. and potentially around the globe," stated Steve Squeri, Vice President and General Manager of Electronic Merchant Services at American Express.
"This agreement adds another industry leader to our customer list," noted TNS president and CEO John J. McDonnell, Jr. "We're extremely proud to welcome AMEX as a new TNS customer and look forward to building a long-term relationship."
Transaction Network Services, Inc., headquartered in Reston, Virginia, provides data communications services for transaction-oriented applications. The company is listed on the NASDAQ National Market under the symbol TNSI. Additional company information is available on the TNS website at www.tnsi.com.
CONTACT: Transaction Network Services, Reston
Karen Kazmark, 703/453-8406 |
