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Financial services

Transaction Network Services Signs Multi-Year Contract with EDS for Dial-Up ATM Network System

Strategic Insights

— 1 min read

Transaction Network Services (TNS) has announced a multi-year contract with Electronic Data Systems (EDS) to provide a dial-up network system for EDS's extensive ATM operations. The agreement will enable TNS to provide EDS with dial-up ATM transport capabilities, allowing for significant reductions in telecommunications expenses associated with off-premise ATM installations. This new service will also introduce a new capability for EDS customers, providing them with systems delivering substantial cost savings at ATM locations that would otherwise require higher-cost alternatives.

Key Takeaways:

  • TNS signed a multi-year contract with EDS to provide a dial-up network system for EDS's extensive ATM operations.
  • The agreement will enable TNS to provide dial-up ATM transport capabilities to EDS, reducing telecommunications expenses associated with off-premise ATM installations.
  • The TransXpress(R) ATM Connect service will allow EDS to quickly implement dial-up ATM processing capabilities without significant hardware or software changes.
  • TNS's network transport technology handles dial-up ATM transactions via a Host Interface Processor (HIP), which emulates the same connectivity that exists in a leased line environment.
  • TNS also provides a proprietary dial-up modem, TransXpress(R) 1000, that works with all makes and models of ATMs.
  • The TransXpress(R) 1000 modem allows legacy ATMs to accomplish dial-up transactions via standard phone lines without any modifications to the ATM itself.
  • The service will provide a platform to facilitate other telecommunications technologies in the future, such as ISDN, CDPD, and other wireless access.
  • Transaction Network Services, Inc. (TNS) is headquartered in Reston, Virginia, and provides data communications services for transaction-oriented applications.

Statistics:

  • The agreement will cover EDS's extensive ATM operations.
  • TNS will provide dial-up ATM transport capabilities to EDS, enabling significant reductions in telecommunications expenses.
  • The telecommunications expense reductions will be substantial for EDS customers.
  • TNS's TransXpress(R) ATM Connect service will allow EDS to implement dial-up ATM processing capabilities quickly.
  • TNS has developed a proprietary dial-up modem, TransXpress(R) 1000, that works with all makes and models of ATMs.

Sources:

  • Business Wire - June 2, 1998
  • Transaction Network Services, Inc.
  • Electronic Data Systems (EDS)
  • NASDAQ Stock Market(SM)
  • http://www.tnsi.com

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