DUBLIN, Ireland and DALLAS, Nov. 12, 2003 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction management and payment infrastructure solutions, today announced that it has appointed Manison Oy as a value-added-reseller (VAR) for its innovative smart card technology in Finland and Sweden.
Manison will market and support Trintech's full range of EMV-certified PayWare Smart 5000 PINPads and software to banks and retailers in the region. The Helsinki-based company is working with Trintech to enable the migration to EMV Chip and PIN that is expected to take place in Finland and Sweden in 2004.
"We are delighted to announce Manison as a new distributor for our PINPad product range to help facilitate the smooth and secure deployment of chip and PIN in Scandinavia," said Eamon Keating, General Manager of Trintech's Retail business. "Manison has selected Trintech's PINPad range for both its installed base of terminals and for upgrade of integrated EPOS systems in large multi-lane retailers."
"Manison has carefully chosen to work with Trintech because of its proven, fully EMV-certified product range," said Paivo Eerola, Managing Director of Manison Oy. "Manison's objective is to become the primary supplier of EMV solutions to the market, working directly with retailers and through EPOS vendors and system integrators. We have found in the Smart 5000, a uniquely powerful and open platform that addresses the needs of busy checkouts. Using the Trintech SmartPIN interface software, integration with EPOS applications is straightforward for our customers."
With sales and support offices in both markets, Manison is a growing supplier of payment card acceptance solutions in the region. Manison Oy was established in 1999 in Finland and has grown to become a leading supplier within that market. In 2003 it expanded its operations into Sweden.
EMV in Scandinavia
The move to smart cards and PIN transactions is being encouraged by the shift of liability for fraudulent transactions to retailers from January 1st 2005 under Europay-Mastercard-Visa rules. Roll-out in Scandinavia of EMV cards and devices is expected in 2004. The infrastructure is currently being put in place. 100,000 EMV cards have been issued in Finland and it is anticipated that over 50 percent of cards will be enabled with smart chips by the end of 2004. For Finland the move involves the introduction for the first time of PINPads at the point-of-sale. Finland will commence its first EMV pilot in early 2004.
About Manison
Manison is the fastest growing supplier of electronic payment solutions in the region with an installed base of over 10,000 terminals. Manison provide a full range of solutions encompassing standalone terminals, integrated solutions for multi-lane environments and self service and vending solutions.
About PayWare Smart 5000
The PayWare Smart 5000 is a high security embedded Linux PINPad that was specifically designed for busy, high-traffic multi-lane environments. Proven as a fast, open, multi-application product, it incorporates disability requirements, optional communications card slot for future needs, and a hybrid "swipe & park" reader. The specification provides 20MB memory as standard. This high technical specification, translates into freedom to add new applications over the product's life. In addition, its open development environment and fire-walling allow applications to be independently developed.
About PayWare Compact 950-PP
The PayWare Compact 950-PP is a proven device, with over 130,000 installed -- it is a popular, easy to use device, now in its third generation. It is both Visa PED and EMV approved. The Compact 950 is being marketed for upgrade of terminals while the new Linux based Smart 5000 is aimed at busy point-of-sale environments where fast transaction speeds, easy integration with POS systems, and multi-application capabilities are required.
About Trintech
Trintech is a leading provider of transaction management and payment infrastructure solutions to financial institutions, payment processors, enterprise retailers and network operators globally. Built on over 15 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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