DUBLIN, Ireland, DALLAS and CALABASAS, Calif., Dec. 13, 2004 (PRIMEZONE) -- SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS), and Trintech (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced an expanded agreement that enables SunGard Treasury Systems to offer Trintech's Bank Fee Analysis system to its customers
Trintech's Bank Fee Analysis solution is designed to help businesses reduce bank fees and standardize fee reporting through automation of the analysis of monthly electronic bank statements. With Bank Fee Analysis, SunGard customers will be able to interactively display and compare fee analysis statements in a consistent format across every bank -- helping them to analyze fees, consolidate accounts and optimize their use of banking services.
"We are pleased to offer these expanded services to SunGard Treasury Systems' customers," said John Harte, general manager, Trintech's Funds Management Systems division. "The Bank Fee Analysis system has delivered significant benefits and a fast ROI, averaging six months or less, to our customers, and we are pleased that SunGard can now extend these benefits to its customer base."
"Capturing, reporting and analyzing bank service fees is increasingly important for auditability and cost-management," said Ken Dummitt, president, SunGard Treasury Systems. "We are pleased to expand our agreement with Trintech and offer the documentation and error-detection and analysis capabilities of Bank Fee Analysis to our customers," he said.
SunGard Treasury Systems announced an agreement with Trintech in May of this year by which Trintech's DataFlow data network provides SunGard customers with seamless access to bank balance and transaction data from North American banks through SunGard's secure AvantGard-ETX real-time messaging network.
About SunGard Treasury Systems
SunGard Treasury Systems is a leading provider of treasury and risk management solutions. SunGard solutions offer Internet/intranet-based currency and commodity trading and risk management, while also integrating cash management and accounting functionality within a single environment. SunGard solutions provide a secure, real-time link between clients/subscribers and financial institutions and other treasury service providers, offering the straight through processing of treasury transactions and information via Internet messaging. For more information, visit www.sungard.com/treasury.
About SunGard
SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
About Trintech
Trintech Funds Management Systems (FMS), a division of Trintech Group, provides comprehensive, industry-leading solutions that optimize enterprise funds management, including Bank Fee Analysis and the DataFlow transaction data network and services. Trintech's FMS solutions are optimizing performance in nearly 400 leading companies in retail, hospitality, food service, insurance, banking, government and other industries, including YUM! Brands Restaurants, Foot Locker, Radio Shack, 7-Eleven, Whitbread Group, Verizon Wireless, Kroger, Regal Entertainment, Budget Rent A Car, Wendy's, Farmer's Insurance Group, and the University of Missouri. Trintech FMS is located in Dallas, Texas, and can be contacted at 972-701-9802, and on the web at www.trintech.com/fms
Press Contacts:
Trintech Group Plc Darrell Maronde, Trintech Inc. Tel: 972 739 1634 E-mail: darrell.maronde@trintech.com
SunGard Treasury Systems Kim Kavanagh Tel: 818 223 2300 Fax: 818 223 2301 E-mail: kim.kavanagh@sungard.com