DALLAS and DUBLIN, Ireland, Dec. 6, 2004 (PRIMEZONE) -- Trintech (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that Friendly Ice Cream Corporation, a restaurant company and ice cream manufacturer, has selected ReconNET to automate the verification and reconciliation of its credit card, bank deposits and gift card transactions for its 358 company-owned Friendly's restaurants. The installation of ReconNET will enable the company to streamline its daily reconciliation processes, reduce costs and gain greater reporting and financial controls.
Friendly Ice Cream, founded in Massachusetts in 1935, has grown from a single location to 544 franchised and company-owned Friendly's family-style restaurants in 16 states throughout the northeastern US. The company also manufactures ice cream and other frozen treats that are distributed through 4,500 supermarkets and other retail sites.
"Trintech's track record and customer references really impressed us," said Corey Wendland, VP of Financial Services at Friendly's. "ReconNET also met our technical needs. We needed a flexible reconciliation solution that could increase our users' productivity without adding an IT burden."
In addition to automating its daily reconciliation processes, Friendly's will use ReconNET's research module to research non-matching transactions detected by the system, and use the ACH module to automatically move available cash from local depositing banks to interest-bearing corporate accounts.
"ReconNET continues to be the selection of choice for leading restaurants like Friendly's to manage the challenges of their unique environment," said John Harte, General Manager of Trintech's Funds Management Systems Division. "Trintech's extensive experience with both franchisees and company-owned restaurants ensures that our customers reach their performance goals quickly."
About Friendly Ice Cream Corporation Friendly Ice Cream Corporation is a vertically integrated restaurant company serving signature sandwiches, entrees and ice cream desserts in a friendly, family environment in over 530 company and franchised restaurants throughout the Northeast. The company also manufactures ice cream, which is distributed through more than 4,500 supermarkets and other retail locations. With a 69-year operating history, Friendly's enjoys strong brand recognition and is currently remodeling its restaurants and introducing new products to grow its customer base. Additional information on Friendly Ice Cream Corporation can be found on the Company's website (www.friendlys.com).
About Trintech FMS
Trintech Funds Management Systems (FMS), a division of Trintech Group, provides comprehensive, industry-leading solutions that optimize enterprise funds management including the ReconNET reconciliation product suite, Bank Fee Analysis, and 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 headquartered in Dallas, Texas, and can be contacted at 972-701-9802 and on the web at www.trintech.com/fms.
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 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.
Trintech Press Contacts: Ireland: Breda Leonard, Director - Marketing Communications, Trintech Group Tel. +353 1 207 4164. email: breda.leonard@trintech.com Dallas: Darrell Maronde, Director - Marketing, Trintech FMS Tel. +1 972 739 1634. email: darrell.maronde@trintech.com