DALLAS and DUBLIN, Ireland, Dec. 15, 2004 (PRIMEZONE) -- Trintech (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that it has been dismissed from a U.S. International Trade Commission (ITC) investigation relating to the importation of certain Point of Sale (POS) terminals into the U.S.
The ITC investigation was instituted based on a complaint by Verve, LLC, dated September 3, 2004, which claimed that Trintech, amongst others, had imported certain POS terminals into the U.S. which infringed a U.S.patent held by Verve.
On November 29, 2004, the ITC issued a decision not to review an earlier determination by an administrative law judge of the ITC which found that there was no evidence of importation of the allegedly infringing POS terminals by Trintech into the U.S. This decision effectively means that the ITC's investigation of Trintech in this matter has come to a close.
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 U.S. at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802), and in the U.K. at 186-192 Darkes Lane, Potters Bar, Hertfordshire, EN6 1AF (Tel: +44 (0) 1707 827000). www.trintech.com.
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Press Contacts:
Paul Byrne, Chief Financial Officer, Trintech Group Plc. T. +353 1
207 4000. E. paul.byrne@trintech.com
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