Transaction Network Services Inc., the transaction data transport network, has renegotiated its contract with First Tennessee Bank of Memphis.

Under the new agreement, First Tennessee Bank will increase its transaction volume with Transaction Network Services by 100%.

Monthly volume will jump from two million transactions to four million by the end of the second quarter, Transaction Network said.

Compuserve and AT&T previously served as transaction data conduits for First Tennessee, a leading merchant processor for the hospitality industry. It has used Transaction Network since 1993.

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