LONDON and DUBLIN, Ireland, March 9, 2005 (PRIMEZONE) -- Dublin's Dynamic State of the Art Light Rail Transit System Implements Leading Card Payment Solution to Facilitate Secure Card Transactions
Trintech Group Plc (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that Dublin's new state of the art Light Rail Transit (LRT) system -- Luas -- has implemented Trintech's bank-accredited PayWare Merchant card authorization solution to power secure debit and credit card transactions at unattended touch-screen ticket vending machines.
Luas is a stylish new LRT tram system connecting the surrounding suburbs to Dublin's city centre with a high capacity, high speed and high frequency tram service, operating an open ticket barrier system. PayWare Merchant has been deployed at the Luas headquarters in Dublin. The server-based solution will manage all card transactions from ticket sale operations at each unattended ticket vending machine. This provides easier reconciliation of transactions, central and local reporting, as well as added support for multiple business channels. Ninety two ticket vending machines are sited along the routes in the city centre and throughout the various suburban stations that make up the LRT tram system. The PayWare Merchant card authorization process will enable passengers to conduct secure credit card transactions at each unmanned touch-screen ticket vending machine.
"The Luas LRT project required the most flexible and up to date secure ticketing system," said Richard Daly, Project Manager for the Luas Automatic Fare Collection System at the Railway Procurement Agency. "Trintech's reputation in the outdoor unattended payment terminals market is very impressive. PayWare Merchant integrates seamlessly with our overall ticketing system and allows us to cut down on costly paperwork and manpower spent managing ticket sales."
"The invitation to be part of the prestigious Luas project demonstrates Trintech's expertise and reputation in the unmanned ticket vending arena," said Eamon Keating, General Manager of Trintech's Payment Division. "PayWare Merchant is a powerful authorization solution that will provide Luas with rapid online authorizations, multi-currency support and secure unattended ticket vending transactions."
About PayWare Merchant
PayWare Merchant is Trintech's latest generation payment server that enables merchants to accept card payments and perform rapid online payment authorization from any sales or order processing system. PayWare Merchant integrates seamlessly with electronic point-of-sale (EPoS), call center systems, Internet web sites and other business systems. This integrated solution is easy-to-use, avoids keying errors, reduces fraud and leads to lower transaction charges. PayWare Merchant can provide payment processing for both single and multi-site, multi-merchant operations. Easy front and back office integration allows PayWare systems to operate seamlessly, providing a complete audit trail with sophisticated monitoring and reporting facilities.
About Luas
Luas is a state of the art Light Rail Transit system that provides an attractive and unique alternative to the private car. Systems similar to Luas are popular worldwide and it appears to be the obvious choice for a dynamic capital city like Dublin, connecting suburbs to the city centre with a high capacity and high frequency service. Connex Transport Ireland has been selected to operate Luas on behalf of the Railway Procurement Agency, the authority responsible for the procurement of railway infrastructure systems in a public - private partnership. Connex is the transport division of Veolia Environnement and is Europe's largest private passenger transport company. www.luas.ie
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 18 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 US 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.
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