Transaction Network Services, Inc. announced Tuesday that it has signed a multi-year agreement with National Data Corporation to provide transaction transport services through the year 2000.
NDC is one of TNS’ largest POS customers. TNS provides communication services for both NDC’s health care and payment systems lines of business. NDC is one of the top information service providers, and its health information services business is the largest processor of real-time health care transactions. It offers value-added information services and systems to a broad range of health care customers, including physicians, hospitals, pharmacies and dentists. It also services HMOs, insurance carriers, nursing homes, outpatient clinics and government health care agencies. NDC also offers an expanded range of value-added services for its customers in the payment systems market, such as credit, debit, check, smart card, purchase card and Internet-based services. It serves 750,000 merchants in North America, 12,000 corporations, more than 700 financial institutions and numerous federal and state government agencies.
“One of our goals is to grow the healthcare portion of our POS business,” commented Brian Bates, senior vice president and general manager of TNS’ POS division. “We look forward to the opportunity to work closely with NDC to achieve that goal.”
“With the signing of this agreement, we now have commitments from all of our largest customers through the year 2000,” commented TNS president and CEO John J. McDonnell, Jr. “We’re pleased that NDC has chosen to renew its service agreement with TNS, and we hope to expand our relationship with NDC over the next several years.”
Transaction Network Services, Inc. (TNS), 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].