LONDON and DALLAS, Jan. 10, 2005 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that it has been granted a Terminal Quality Management (TQM) label from MasterCard for its range of industry-leading Chip and PIN terminals for point-of-sale and unattended environments.
MasterCard's TQM program was created in 2002 to help ensure the quality and reliability of EMV-compliant terminals worldwide. The TQM process consists of auditing, on-site, the entire lifecycle of a product -- from design and manufacturing to field support -- thus helping to ensure customer satisfaction through consistent product quality levels. MasterCard's TQM label is specific to an Interface Module (IFM) and is manufacturing site dependent.
MasterCard audited Trintech's hardware development facility in Ireland and manufacturing facility in the UK. The audit covered the two IFMs which are implemented in Trintech's range of industry-leading Chip and PIN terminals -- Compact 950 PIN Pad, Smart 5000 PIN Pad and the OpenPay series.
"MasterCard is committed to delivering fully interoperable chip solutions that perform consistently around the world," said Dr. Toni Merschen, Senior Vice President and Head of the Chip Center of Excellence, MasterCard International. "Our Terminal Quality Management program is a key part of our strategy and we are very pleased that Trintech has demonstrated its commitment to quality by successfully undertaking this evaluation process."
"Trintech was one of the first vendors to rollout EMV-approved solutions," said Eamon Keating, General Manager of Trintech's Payment Division. "We are now one of the first to embrace MasterCard's Terminal Quality Management program to reinforce our position as a leading vendor in the payments industry."
Benefits of TQM to Financial Institutions and Merchants:
-- Provides reassurance and saves time on evaluating different
terminals by being able to choose from the MasterCard TQM
approved list.
-- Improved confidence in vendor's ability to ensure reliable and
consistent design and manufacturing in accordance with EMV
specifications.
-- Demonstrates the ability of the vendor to be able to trace,
analyze and resolve any issues in the manufacturing and design
process.
About PayWare Smart 5000
Trintech's new PayWare Smart 5000 is an EMV certified PIN Pad terminal that can be used in any type of point-of-sale system. It is an ideal device for EMV upgrade of integrated multilane electronic point of sale systems. PayWare Smart 5000 allows for both chip and magnetic swipe cards to be processed in a single card reader. It also features a high security PIN Pad enabling customers to enter their PIN in confidence. Operating on an open LINUX operating system running on a powerful ARM processor, the device is fast and able to run multiple applications such as loyalty and stored value.
About PayWare OpenPay Series
The POS Industry's first high-secure LINUX based terminal platform Trintech's PayWare OpenPay technology represents the world's first high security point-of-sale (POS) technology platform using an embedded LINUX operating system and a powerful and scaleable ARM processor. The new platform allows the creation of powerful product suites -- both for in-store applications, such as PIN Pads and PIN enabled POS terminals; as well as for unattended environments such as kiosks and ATMs. PayWare OpenPay technology is designed for incorporation into Trintech's own PIN acceptance product range and -- through OpenPay SPM -- as a package for Value Added Resellers, system integrators and OEM partners.
About Trintech
Trintech is a leading provider of transaction reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally. Built on 17 years of experience, Trintech's solutions manage each area of the payment transaction cycle from authentication, authorization, settlement, dispute resolution and reconciliation -- enabling its customers to reduce transaction costs, eliminate fraud, minimize risk, maximize cashflow and increase profitability. Trintech can be contacted in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: +353 1 2074000), in the U.S. at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802), and in the UK at 186-192 Darkes Lane, Potters Bar, Hertfordshire, EN6 1AF (Tel: +44 (0) 1707 827000). www.trintech.com.