SAN ANTONIO -- Valero Energy Corp. has selected Transaction Network Services Inc., a provider of business-critical network and data communications services for transaction-oriented applications, to provide broadband-based Internet Protocol (IP) networks and transaction solutions for its wholesale branded Valero locations.
The FusionPoint services from TNS enable Valero to set a technology standard to ensure store applications flow through one broadband pipe, simplifying connectivity and delivering significant savings in time and maintenance costs. Valero, [image-nocss] a marketer of refined products such as gasoline and diesel fuels, will market and contract directly with its wholesale distributor network. TNS will provide the backend data connectivity to the stores meeting their specific requirements. These may include any combination of point-of-sale (POS) terminals, ATMs, automated tank gauging, check cashing, VoIP, DVR data and additional data communication needs.
Valero's new partnership with TNS will provide our branded distributors with access to the highest standard of connectivity and data communications technology, said Eric Moeller, vice president of wholesale marketing for Valero. TNS is an experienced provider of secure network connectivity and we are excited to be offering their FusionPoint products to our branded distributors.
Valero is an ideal partner to help grow our FusionPoint solution, said Trevor Fall, senior vice president of North American sales, POS division, TNS. This alliance clearly strengthens our product offering, enhancing the inherent customer benefits of reduced cost and superior data organization. We look forward to developing a significant business partnership with Valero and expanding our ongoing relationship.
TNS, Reston, Va., is a provider of data communications services for transaction-oriented applications. It provides secure transaction delivery across multiple vertical markets and trading communities.
San Antonio-based Valero owns and operates 18 refineries throughout the United States, Canada and the Caribbean. It is also one of the nation's largest retail operators with approximately 5,500 retail and branded wholesale outlets in the United States, Canada and the Caribbean under brand names including Valero, Diamond Shamrock, Shamrock, Ultramar and Beacon.
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