Rahaxi Appoints TNS as Data Communications Provider

TNS will provide Rahaxi with high-speed, cross-border data communications delivering transactions from 5,000 point-of-sale terminals in retail outlets across Finland and Sweden. Drawing on its global network, TNS will route debit, credit, smartcard and wireless transactions between Rahaxis payment processing engine in Helsinki and leading acquirers and issuers. Rahaxi provides merchants, terminal providers and banks with electronic payments processing services capturing transactions from merchants and routing them to financial institutions. Supporting up to 1,000 retailers in Northern Europe, the company has strategic relationships with many leading Finnish banks. The contract supports Rahaxis strategy of investing in technology to ensure the secure and fast transfer of data for its customers, where speed and reliability are critical to staying ahead in the competitive retail market. TNS network replaces a dedicated leased-line solution. With 70 points-of-presence worldwide, it gives wholly-managed connectivity, enabling Rahaxi to focus on transactions processing. The network is monitored 24 hours per day, 365 days per year from operating centers in the UK and US.