TNS paves way for UnionPay global growth

Retailers globally stand to benefit from a new alliance making its easier for Chinese to shop with their UnionPay cards.

Transaction Network Services (TNS) has launched a new global card scheme gateway which will enable merchants and banks to quickly and easily connect with UnionPay for authorisation and processing of in-store payment transactions.

Banks, processors and merchants wishing to accept UnionPay cards will be able to use the TNS Scheme Gateway to access UnionPay’s processing hub in Hong Kong, removing the need for self-managed complex and costly bespoke connections.

Lisa Shipley, executive VP and MD of TNS’ Payment Network Solutions, said UnionPay is now a significant player within the card industry globally and merchants and banks have long recognised the importance of being able to accept payments made via its card.

“In addition to being complex, setting up bespoke network links can prove extremely costly and time consuming both to establish and to maintain, and as a result many merchants have been simply unable to accept UnionPay transactions until now.

“We are removing the need for organisations to make changes to backend systems and networks, and offering them a streamlined, efficient and cost-effective alternative which can be operational in as little as two weeks.”

The TNS Scheme Gateway for UnionPay uses TNS’ Secure Payments Network which allows retailers and banks to handle customer card data in accordance with PCI DSS regulations and best in class visibility and monitoring which ensures maximum uptime and availability. The technology converts the local domestic message format into UnionPay’s preferred type and manages all clearing, dispute and reconciliation files. TNS also manages all card scheme updates and compliance requirements, allowing merchants, banks and processors to focus on their core business.