Transaction Network Services Inc., Reston, Va., said it has signed an agreement to sell and license its data transport technology to Imminus Ltd., an independent telecommunications networking firm in the United Kingdom.

"Imminus will be able to go after the transaction (processing) business as a result of the technology we have transferred to them," said Karen Kazmark, director of investor relations for Transaction Network Services, which will earn royalty income on the deal.

Separately, Transaction Network Services said it has extended a networking contract it has with First USA Paymentech. The $10 million, four-year contract, will increase First USA's traffic into Transaction Network Services 400% by the middle of next year.

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