DALLAS and DUBLIN, Ireland, Nov. 1, 2005 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that NationsRent has selected Trintech's ReconNET, DataFlow Transaction Network and Bank Fee Analysis software solutions to optimize their funds management processes. NationsRent will use ReconNET to automate the verification and reconciliation of its bank deposits, and the DataFlow Transaction Network to collect, format and deliver its daily banking data. Bank Fee Analysis is intended to further streamline the company's finance and treasury processes and reduce costs by detecting and recovering fee overcharges.
"Trintech's solution suite should enable us to shorten month-end and quarter-end accounting processes, improve communications with our stores, and enable us to detect and recover bank fee overcharges," said John Scherer, Vice President and Treasurer for NationsRent. "We expect Trintech's solutions to help us complete time-consuming, period-end reconciliation processes more quickly and reduce the potential for loss."
ReconNET will give NationsRent the flexibility to handle a range of reconciliation types, improve cash controls and audit capabilities, and increase the effectiveness of exception resolution processes. The DataFlow Transaction Network is designed to shorten the cycle time for reconciliation, thereby minimizing debit and credit adjustments and reducing write-offs. Bank Fee Analysis will automate fee error reporting so that NationsRent can quickly detect and recover fee overcharges.
"Trintech is delighted to add NationsRent to its client roster. Our involvement with one of the leading equipment solutions providers in the United States is testimony to the power and diversity of our solution," said John Harte, General Manager of Trintech's Funds Management Systems Division. "Trintech's solutions are instrumental in helping a variety of retail businesses reduce risk, improve accounting and treasury management processes and optimize financial performance."
About NationsRent
NationsRent is headquartered in Fort Lauderdale, Florida, and is one of the country's leading full service equipment solutions providers, operating 267 locations (including 100 at Lowe's Home Improvement locations) in 26 states. NationsRent stores offer a broad range of high-quality construction equipment with a focus on superior customer service at affordable prices with convenient locations in major metropolitan markets throughout the U.S. More information is available at www.nationsrent.com.
About Trintech FMS
Trintech Funds Management Systems (FMS), a division of Trintech Group, provides comprehensive, industry-leading solutions that optimize enterprise funds management including ReconNET reconciliation software, Bank Fee Analysis, and DataFlow Transaction Network and services. Trintech's FMS solutions are optimizing performance in nearly 400 leading companies in retail, hospitality, food service, insurance, banking, government and other industries, including YUM! Brands Restaurants, Foot Locker, Radio Shack, 7-Eleven, Whitbread Group, Verizon Wireless, Kroger, Regal Entertainment, Budget Rent A Car, Wendy's, Farmer's Insurance Group, and the University of Missouri. Trintech FMS is headquartered in Dallas, Texas, and can be contacted at 972-701-9802 and on the web at www.trintech.com/fms.
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 The Colonnades, Beaconsfield Close, Hatfield, Hertfordshire, AL10 8YD (Tel: +44 1707 632900) and on the web at www.trintech.com.