DUBLIN, Ireland and DALLAS, Feb. 1, 2005 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, is pleased to announce the appointment of Paul Byrne as President and Chief Financial Officer with effect from today.
This new position will report directly to Cyril McGuire, Trintech's Chief Executive Officer and Chairman and will have overall responsibility for sales, marketing, development, operations, finance and corporate affairs.
"Paul and I have worked closely together for eight years, where Paul has served as Chief Financial Officer and Director of Trintech. This new position will leverage his considerable skills, knowledge and experience as Trintech enters its next exciting phase of growth," said Cyril McGuire. "This appointment will strengthen the management structure with the aim of delivering continued profitable growth and enhanced shareholder value."
To enable Byrne to develop the Company and focus on this new position as President, the Board have commenced a search for a new Chief Financial Officer to succeed him. In the interim, Byrne will continue to act as the CFO until this appointment is made.
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 186-192 Darkes Lane, Potters Bar, Hertfordshire, EN6 1AF (Tel: +44 (0) 1707 827000). www.trintech.com.
Contact Details: Trintech Press Contacts: Ireland: Breda Leonard, Director Marketing Communications, Trintech Group Plc. Tel. +353 1 207 4164. email: breda.leonard@trintech.com
Dallas: Darrell Maronde, Director Marketing, Trintech FMS Tel. 972-739-1634. email: darrell.maronde@trintech.com