Company: Transaction Network Services
Location: Reston, VA
Phone: (703) 453-8300
John McDonnell, Jr., former founder, Chairman and CEO of Transaction Network Services, (“TNS”) is a pioneer in the telecommunications industry. Mr. McDonnell purchased TNS back from PSINet, Inc. in April 2001, having sold it to PSINET, Inc. in 1999. In the interim, he was Chairman and CEO of PaylinX Corp. (“PaylinX”) a software provider for transaction processing. PaylinX was sold to Cybersource Corp. in September 2000. Immediately prior to founding TNS, Mr. McDonnell was president and CEO of Digital Radio Network, Inc., a local access bypass carrier for POS transactions. He has also served as Group Vice President for the Information Technologies and Telecommunications Group of the Electronic Industries Association. One of the founders of the Electronic Funds Transfer Association, Mr. McDonnell remains active with the association, currently serving on its board of directors. He also serves on the board of directors of CyberSource Corp. (NASDAQ: CYBS).