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Trouble viewing this message? view online Share this email View website Contact us Welcome to Transact In this issue we look at the increasing popularity of cross border transactions and the opportunities presented to merchants as consumers become more willing to purchase from different countries. I am also pleased to introduce Fintan Byrne as Executive Vice President and Managing Director of our Payment Gateway Solutions business and you can read our interview with him below. Please also check out our article on new features and portal enhancements now available on TNSPay for those merchants using our Web Services API (WSAPI). If you have any queries about any of the topics discussed in this issue, please do not hesitate to contact me on +61 29959 0811 or email [email protected]. Katie In the Hotseat: Fintan Byrne Fintan Byrne is Executive Vice President and Managing Director of TNS’ Payment Gateway Solutions TNS on Film Can you say with confidence that you know how TNS can help simplify the acceptance and management of

TNS Payments Transact Newsletter - APAC Edition - June 2014

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Page 1: TNS Payments Transact Newsletter - APAC Edition - June 2014

Trouble viewing this message? view online

Share this email View website

Contact us

Welcome to Transact

In this issue we look at the increasing

popularity of cross border transactions and the

opportunities presented to merchants as

consumers become more willing to purchase

from different countries. I am also pleased to

introduce Fintan Byrne as Executive Vice

President and Managing Director of our

Payment Gateway Solutions business and you

can read our interview with him below.

Please also check out our article on new features and portal enhancements now available

on TNSPay for those merchants using our Web Services API (WSAPI).

If you have any queries about any of the topics discussed in this issue, please do not

hesitate to contact me on +61 29959 0811 or email [email protected].

Katie

In the Hotseat: Fintan Byrne

Fintan Byrne is Executive Vice

President and Managing Director of

TNS’ Payment Gateway Solutions

TNS on Film

Can you say with confidence that you

know how TNS can help simplify the

acceptance and management of

Page 2: TNS Payments Transact Newsletter - APAC Edition - June 2014

business. We caught up with Fintan to

discuss TNS’ global strategy and how

changing consumer behavior is

affecting retailers.

Read the interview here

payments? Check out our new

animated short video which gives an

overview of our role in the payments

industry.

Click here to watch

Retailers Missing Out on Cross

Border eCommerce Boom

The unprecedented growth in cross border

eCommerce will see 16% of all online

shopping transactions made with foreign

retailers this year, totaling an impressive

$112bn. By 2018 this is expected to rise to

over $320bn annually, however, many

merchants in Australia, New Zealand and across Asia will not see any benefits from this

because they are being held back by complex factors, such as multiple currencies,

security and speed.

Recent research by The Paypers found:

Australian online shoppers spent more on average per order than anyone else

in the world ($142) in 2013

79% of Australians who shop online currently purchase from overseas sites

Over 25% of Australian online expenditure goes to overseas-based websites

Australia’s import policies are favorable for cross border commerce

Online spending in the international market is growing at a faster rate (15% a year)

than domestic online sales (10% a year)

We spent time with John Banfield, TNS’ Senior Vice President and General Manager of

the Asia Pacific Payments Division, to learn more about the opportunities and challenges

presented by cross border eCommerce and what steps retailers can take to claim their

piece of this market.

Read the interview here

Page 3: TNS Payments Transact Newsletter - APAC Edition - June 2014

New TNSPay Features

To simplify the experience of accepting

card payments the TNSPay Payment

Gateway is being enhanced. You may

have already noticed additional

features, user interface enhancements

and changes to existing functionality,

such as search, reconciliation and order

creation. When you log into the

Merchant Administration Portal you

will find a:

User friendly dashboard

showing key performance data

and transaction history.

Merchant news area providing

details of new features, events

and discussions.

Sophisticated search tool that

makes it easier to find individual

transactions, reconcile data and

tailor reporting.

Additional fields have been

added to collect a greater level

of customer information via the

‘Virtual Terminal’ for MOTO

transactions.

A range of additional features will also

be available upon request, including a

notification service, hosted payment

pages, storage of card data,

Heartbleed Update

When news of the Heartbleed SSL

Security Bug spread at the beginning of

April, TNS’ Security and Operations

teams quickly sprang into action to

ensure the confidentiality, integrity and

availability of sensitive cardholder data

on our network.

TNS’ internet-facing services were

unaffected by the Heartbleed Bug.

There are a number of TNS and open-

source applications in use on the TNS

network which utilize OpenSSL

cryptography libraries, where the

vulnerability existed, however, analysis

and scanning confirmed that no TNS

internal applications were susceptible

to the bug.

This event has led many customers to

ask us what would have happened if we

had been affected so we caught up with

Kent Kling, TNS' Vice President of

Global Security, to find out more.

Read the interview here.

Page 4: TNS Payments Transact Newsletter - APAC Edition - June 2014

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