DUBLIN, Ireland and DALLAS, Nov. 8, 2005 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that PayWare OpenPay has been awarded the new Visa, MasterCard and JCB Payment Card Industry Certification for Encrypting PIN Pads (PCI EPP). The certification is another industry first for Trintech's Unattended Payments Business and ensures that PayWare OpenPay customers are the first to achieve compliance with the latest standards for PIN security.
Today's announcement is a further validation of Trintech's leadership position in the area of unattended payments, providing PayWare OpenPay customers with Visa, MasterCard and JCB compliant equipment for self-service environments, such as fuel retailing, kiosks and vending. PCI Security certification is a mandatory requirement for merchants that wish to accept Visa, MasterCard or JCB credit and debit card transactions with a PIN and applies to both Chip and non-chip environments. Customers who install OpenPay unattended payment terminals in their self-service equipment will benefit from Trintech's expertise in providing solutions that meet all applicable global standards including PCI and EMV.
"Once again Trintech is the first to meet the latest security certification requirements that our customers need in order to transact securely in unattended environments," said Eamon Keating, General Manager of Trintech's Payments Division. "We are very proud of this achievement. Developing PCI compliant solutions requires a high level of security expertise and Trintech's ability to meet the latest industry standards faster than anyone else demonstrates the competitive advantage we offer our customers in this area."
The PayWare OpenPay range of unattended payment solutions are the first to incorporate a PCI compliant Encrypting PIN Pad as a modular component for both online and offline PIN transactions. Offline PIN transactions are mostly used in markets that are migrating to chip and PIN from magnetic stripe with signature environments. Online PIN transactions are more common in markets where PIN is used with magnetic stripe cards although it will also work with chip cards. The combined certification for online and offline PIN allows PayWare OpenPay to be deployed in all markets and delivers significant benefits to OpenPay customers including:
-- Oil companies upgrading their Automated Fuel Dispenser (AFD)
equipment to support PCI requirements
-- Petrol Forecourt equipment suppliers and integrators who are
migrating their customers to chip and PIN
-- Kiosk providers who require PIN security to reduce the fraud risk
from higher value transactions.
About PayWare OpenPay
The PayWare OpenPay unattended payment terminal (UPT) range of high security EMV PIN pads are designed to meet the specific requirements of unattended environments. The PayWare OpenPay UPT range allows for seamless integration by original equipment manufacturers (OEMs). OpenPay UPT uses the same OpenPay platform as Trintech's indoor PIN Pad, the Smart 5000. This platform is particularly suited to retailers, including petrol stations, that require payment both in-store and at the pump. By delivering one fully certified solution for both environments, retailers can install just one system, thereby reducing their costs and improving efficiencies.
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 U.S. at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802), and in the U.K. at The Colonnades, Beaconsfield Close, Hatfield, Hertfordshire, AL10 8YD (Tel: +44 1707 632900) and on the web at www.trintech.com.