TORONTO, Oct. 30 /CNW/ - Last year, TNS Smart Network Inc. (TNS)
celebrated reaching the 10,000 ATM level in the Canadian Marketplace. Today,
one year later TNS is hitting the 13,000 mark - which represents a 30%
increase - in the number of ATMs installed on the TNS switch. The current
forecast for ATM installations with TNS should surpass 15,000 by the
conclusion of 2009.
The growth of the TNS ATM portfolio is in a large part due to the
partnership with our Independent Sales Organizations (ISOs) and our mutual
desire to find better solutions to meet our customers' processing
Over the past year, TNS has continued to see the consumer's need for more
convenience in their busy lifestyles. The Gaming and Tourism sectors in
particular continue to have healthy growth. Overall annual cash dispensed by
TNS is approaching the $6 billion mark. This continued growth directly
reflects additional spending opportunities for TNS' customers.
"In 2008, TNS demonstrated growth of ATMs in a weakening Canadian
economy", said Mr. Mischa Weisz, President and CEO of TNS Smart Network Inc.
"TNS continues to grow by adopting Network Regulations that will safe guard
our customers while giving them the convenience to go about their daily
In 2009, TNS is expecting another extremely positive year and we look
forward to meeting the new challenges that lie ahead. Some of these challenges
and changes are in the areas of new Anti-Money Laundering rules, upgrading
ATMs to meet new Payment Card Industry (PCI) standards and making the final
preparations for the EMV CHIP migration scheduled for completion in 2010.
In addition to these challenges our ISOs still continue to have
difficulties with the Banks in obtaining a safe source of cash. Despite all
these challenges TNS will continue to be a leader in supplying a reliable and
secure processing solution no matter what the regulatory marketplace dictates.
About TNS Smart Network Inc.
TNS Smart Network Inc. is a privately owned Canadian company providing
gateways for networking services between Financial Institutions and ATMs, in
both the financial and retail marketplaces. TNS Smart Network Inc. has enjoyed
tremendous success in partnering with 3rd party ATM companies in the
deployment of machines from coast to coast. The company is headquartered in
For further information:
For further information: Mr. Mischa Weisz, President & CEO, (416)
620-0597 ext 250, email@example.com or visit our website at