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Transaction Network Services Chosen to Provide Connectivity for FASTLANE's Merchant and Consumer Network Across the United States

Posted on: Wednesday, 25 October 2006, 09:00 CDT

Transaction Network Services (NYSE:TNS), a leading provider of business-critical network and data communications services for transaction-oriented applications, announced today that it has signed a deal to provide network services for FASTLANE, a secure payment network. Under the deal, TNS will provide transaction connectivity across the United States for FASTLANE's Virtual Payment Network (VPN).

FASTLANE benefits both consumers and merchants by offering consumers convenience and merchants a secure and enhanced point of sale product offering. With a single swipe of a driver's license or state issued ID card, the consumer's identity is verified and access is gained into FASTLANE's VPN, offering consumers access to checking account debit services, loyalty and gift card services.

"We are certainly impressed with TNS' ability to provide high quality POS dial-up data transport," said Carl Towner, CEO of FASTLANE Secure Payments. "We expect FASTLANE to process large daily transaction volumes, and we have every confidence that FASTLANE's clients will enjoy superior service and reliability on the TNS platform," added Towner.

TNS is a leading provider of point-of-sale (POS) transaction processing networking and provides transport to most major U.S. payment processors through its fully managed, value-added networks. FASTLANE's choice of TNS to provide network access further enhances the security, flexibility and robustness of FASTLANE's secure VPN to its merchant and consumer customers across the nation.

"We are very pleased that FASTLANE chose TNS to provide it with a solid network infrastructure," said Heidi Goff, executive vice president and general manager of TNS' Point-of-Sale Division (POS). "Our network backbone will give FASTLANE the end-to-end connectivity, reach and security that are required for today's transaction processes."

About Transaction Network Services, Inc.

Transaction Network Services is one of the leading providers of business-critical, cost-effective data communications services for transaction-oriented applications. TNS provides rapid, reliable and secure transaction delivery platforms to enable transaction authorization and processing across several vertical markets and trading communities.

Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. TNS network technologies have been deployed in the United States and internationally, and TNS networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine markets. For further information about TNS transaction solutions, please refer to www.tnsi.com.

About FASTLANE Secure Payments

The FASTLANE payment network is leveraging a piece of plastic that is in virtually every consumer's wallet. With a single swipe of the driver's license, the consumer's identity is verified and access is gained into FASTLANE's Virtual Payment Network (VPN).

The single swipe grants access to one of the worlds most robust and highly secure payment networks. FASTLANE Virtual Payment Network offers point of sale Loyalty, Gift, and Debit services. Enrollment only takes a few seconds and subsequent transactions are processed in a fraction of the time it takes with other forms of payment, hence the name FASTLANE.

For more information visit us at www.FastLaneCPN.com

The statements and information contained in this press release that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond TNS' control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. TNS disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.

Source: Business Wire

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