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Fairfax Digital picks TNS to process online card payments

IT Industry - Deals

Fairfax Media has selected Transaction Network Services to provide eCommerce payment systems for its online subsidiary, Fairfax Digital.

Fairfax Digital will use the TNS ePayment gateway to enable it to accept credit card payments over the web. TNS claims that its ePayment gateway: "Helps process card-not-present payments for an ever-growing ecosystem of over 18,000 merchants, more than 110 banks and major card schemes worldwide."

According to TNS, the gateway "addresses fraud, security and reconciliation for online payments'¦within TNS' PCI DSS certified processing environment which removes the burden associated with internal administrative payment systems and procedures."

TNS says that Fairfax will also benefit from TNS' Stored Card Tokenisation solution "which securely encrypts and stores customer card holder data. This solution leverages tokenisation technology to securely exchange sensitive card data for a unique 'token' to be stored in the merchant' system.

"The token protects the card information from unauthorised access. By applying these TNS solutions, merchants are able to significantly reduce the scope of PCI DSS and associated costs."

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