Transaction Network Services (TNS), a global leader in managed network and payment solutions, has announced that its payment orchestration platform now supports more than 100 alternative payment methods alongside traditional card schemes, giving businesses a single connection to support the payment methods their customers increasingly expect.

Michael Johnson, Global Managing Director, TNS Payments Market says the breadth of payment acceptance is particularly important in unattended environments, where there is often no staff member available to direct a customer to an alternative payment method if their first choice is unavailable.

“In parking, self-service and similar environments, a consumer whose preferred payment method is not accepted may abandon the transaction entirely, making payment method coverage a direct driver of revenue protection,” he said.

TNS addresses that challenge through a single platform connection. Businesses can now accept more than 100 alternative payment methods alongside traditional card schemes through TNS’s managed payments platform, without building new integrations or managing additional payment provider relationships. TNS handles the connections, compliance and processing behind the scenes, enabling their customers to focus on serving their business.

“Consumer payment preferences are changing faster than ever and businesses that only accept a narrow range of payment methods risk losing revenue every time a customer’s preferred option is unavailable,” said Mr Johnson.

“By supporting more than 100 alternative payment methods through a single platform connection, we are giving businesses the coverage they need to accept any payment, anywhere, without adding complexity to their operations.”

David Hore, Senior Director, Payments Product Portfolio, TNS Payments Market sayd payment method diversity is one of the biggest challenges a business faces when expanding across markets.

“Our platform removes that complexity, giving businesses a single connection to the payment methods their customers want to use, wherever they are in the world,” he said.

The new capability forms part of TNS’s broader payments platform, bringing together payment acceptance, Android terminals and orchestration capabilities through a single managed partner that simplifies payments while improving performance locally, nationally and internationally.