Transaction Network Services Inc. will continue providing transaction transport services to Alliance Data Systems, formerly known as Business Services Inc.
In early December, Business Services Inc. merged with World Financial Network National Bank, the credit card issuer and processor for the Limited.
Under terms of a new multiyear agreement, Alliance Data will increase the volume of transactions it brings to the Transaction Network system by 50%.
Alliance Data, one of the leading processors of private-label card transactions, has been a client of Transaction Network Services since 1993.
Transaction Network Services provides a communications link for transaction processors.
- Compiled by Jeremy Quittner