DALLAS and DUBLIN, Ireland, June 7, 2005 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced SmartPIN Xpress, a cost-effective, pre-certified solution that is designed to allow small and mid-tier retailers to effortlessly migrate to Chip and PIN. SmartPIN Xpress processes card payment transactions in seconds. It also lowers the costs and certification timescales usually associated with complex point of sale integration.
In the U.K., Chip and PIN cards are in widespread use and there is a growing expectation from customers to enter a PIN rather than sign for transactions. However, for many retailers, EMV migration is proving to be a complex and costly exercise. Even in the UK, where EMV migration is relatively advanced, many smaller retailers have yet to introduce Chip and PIN. Reasons cited by retailers include the effort and cost of POS integration which adversely affects their business case to migrate to Chip and PIN. SmartPIN Xpress is a reliable end-to-end solution that encompasses everything small and mid sized retailers need to migrate to Chip and PIN.
"SmartPIN Xpress brings together our expertise in both hardware and software to provide a comprehensive, easy to deploy, Chip and PIN integration from a single vendor solution" says Eamon Keating, General Manager of Trintech's Payments Division. "Small and mid-tier retailers now have access to a complete and accredited Chip and PIN authorization solution, usually adopted by multiple retailers."
SmartPIN Xpress is based on Trintech's existing Smart 5000 the industry's fastest, intuitive, hybrid PINPad usually adopted by multiple retailers. Trintech's Smart 5000 now combined with a receipt printer provides a swift and complete Chip and PIN solution. No additional point-of-sale terminal is required. The PINPad connects directly to PayWare Merchant, Trintech's market-proven authorization and settlement solution. SmartPIN Xpress provides the benefits of integrated card payment processing including rapid authorizations, central reporting and reconciliation.
About PayWare
Trintech's PayWare Smart 5000, the preferred device for many large retailers, features a unique single slot card reader that reads both magnetic and new chip card types. PayWare Merchant is one of the leading card processing solutions capable of handling thousands of transaction every minute. As a seamless solution, PayWare SmartPIN Xpress brings small and mid-tier retailers the benefits of both of these leading products with minimal integration effort.
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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