DALLAS and DUBLIN, Ireland, April 11, 2005 (PRIMEZONE) -- Trintech (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that KinderCare Learning Centers has selected Trintech's ReconNET to reconcile their ACH payments, credit card transactions and non-sufficient funds transactions. In addition, KinderCare Learning Centers has selected Trintech's Bank Fee Analysis to monitor bank fees and secure consistent rates across accounts.
KinderCare provides early childhood education and care to children between the ages of six weeks and 12 years in the United States. KinderCare recently merged with Knowledge Learning Corporation in January 2005, creating the largest private childcare company in the world, serving more than 200,000 children and employing approximately 41,000 people.
KinderCare will replace an existing automated reconciliation process with ReconNET, in order to increase the efficiencies of accounting staff, and improve effective risk management and reporting for daily and month-end operations. Additionally, the company will use Bank Fee Analysis to automate fee error reporting and resolution processes for prompt recovery of overcharges.
"KinderCare required an innovative technology solution that would standardize core financial processes, improve productivity, and manage risk," said John Harte, General Manager of Trintech's Funds Management Systems Division. "Trintech has been providing businesses like KinderCare with flexible technology that meets their unique challenges for over 18 years. In competitive situations, our market-leading reconciliation solutions are recognized as the best choice for rapidly growing organizations."
About KinderCare
KinderCare Learning Centers merged with Knowledge Learning Corporation (www.knowledgelearning.com) in January 2005, creating the largest private early childhood education and school-age care company in the world. Since 1969, KinderCare has been a leading provider of early childhood education and care to children between the ages of six weeks and 12 years in the United States.
The combined company comprises 1,900 early childhood education community centers, 656 before-and-after school programs, and 123 employer-sponsored centers in 39 states and the District of Columbia. Knowledge Learning Corporation serves more than 200,000 children and employs approximately 41,000 people. Based in Portland, Oregon, Knowledge Learning Corporation's family of schools operates under several names, including Children's Discovery Centers, Knowledge Beginnings, Magic Years and Children's World.
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 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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Trintech Group Trintech Press Contacts: Ireland: Breda Leonard, Director -- Marketing Communications Tel. +353 1 207 4164 email: breda.leonard@trintech.com Trintech FMS Dallas: Darrell Maronde, Director -- Marketing Tel. +1 972 739 1634 email: darrell.maronde@trintech.com KinderCare Press Contact: Jill Eiland, Senior Director, Public Relations (503) 872-1519 jeiland@mail.kindercare.com