Payment network providor Phoenix Managed Networks (Phoenix) has announced it is to launch in Europe. Following success in the USA Phoenix has introduced a new, dedicated PCI DSS payments transaction network to bring the U.K. and Europe what it claims will be the fastest, most flexible and reliable service available in the industry.
Phoenix is led by John J. McDonnell Jr., founder of TNS Inc. in 1990. Phoenix Europe will be run by Alan Stephenson-Brown and Tim Bell. The three have a previous history of working together when Alan and Tim led the TNS UK operation under Jack in 1997.
Alan Stephenson Brown comments, “With the growth of electronic payments worldwide and the increasing use of cards to pay for lower ticket items, the market is rising fast. Extra strain on banks and retailers to cope with increased demand makes it far too risky for businesses to continue to put all their payment transportation needs in one basket. Phoenix is a new alternative and we passionately believe in the virtues of dual sourcing network traffic to solve the aged old problem of service interruptions for good.”
John J. McDonnell Jr. Chairman and Chief Executive Officer of Phoenix says, “We founded TNS over 20 years ago on the best technology available at the time. With Phoenix, we have built an entirely modern network to create a healthier competitive landscape. We provide an exclusive focus on the payment space, more modern, flexible technology, and fantastic commercial benefits. Clients now have more choice…this is a good thing.”
Founded in January 2010, Phoenix’s European head office and operations center is in Sheffield in the UK with the company headquarters in Reston Virginia in the USA.
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