DUBLIN, Ireland, Sept. 03, 2003 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction management and payment infrastructure solutions, today announced that Celtic F.C, one of the Scottish Premier Leagues top clubs, has selected Trintech's bank-accredited PayWare Merchant to automate the processing of all card payments related to ticket sales.
Celtic F.C. has deployed Trintech's PayWare solution at the club's headquarters in Glasgow. The server-based solution will manage all card transactions from all the club's ticket sale operations including tickets sold over the Internet. The challenge for the club was to install a product that could handle heavy volumes of high value transactions securely. By selecting Trintech's bank accredited PayWare solution, Celtic F.C. has a proven solution that helps to reduce costs, ease reconciliation and speed up transaction times. Furthermore, the implementation of PayWare at Celtic F.C. will enable the club to migrate to Chip and PIN enabled transactions, a transactional standard being backed by UK banking institutions.
"We are very happy to have chosen Trintech's PayWare solution," says John Paul Taylor at Celtic F.C. "The aim of the club is to be a leading player on the world's sports stage and deliver value to our shareholders. By introducing a faster and more secure payment method our supporters have the freedom and choice to buy match tickets whenever it suits them. This will also generate increased ticket sales for the club, as we are able to offer our supporters a 24 hour ordering service."
"The addition of Celtic F.C brings our roster of clients in the sporting field to well over 60," says Eamon Keating, General Manager of Trintech's Retail Division. "We are particularly pleased that Celtic chose to upgrade to the latest PayWare Merchant solution thereby highlighting the inherent advantages of our product roadmap and vision. PayWare Merchant will provide Celtic F.C. with the option to manage card payments across multi-merchant environments, including retail, Internet and mail order."
The PayWare solution is being jointly installed by Trintech's established reseller, Synchro Systems, based in Newcastle under Lyme. Synchro has actively promoted Trintech's card processing solution for the past six years and has partnered to install over 60 systems with customers throughout Europe. Synchro themselves are highly regarded as having one of the most advanced ticketing applications for both sporting and leisure venues.
About PayWare Merchant
PayWare Merchant is Trintech's latest generation payment server that enables merchants to accept card payments and perform rapid online payment authorization from any sales or order processing system. PayWare Merchant integrates seamlessly with electronic point-of-sale (EPoS), call center systems, Internet web sites and other business systems. This integrated solution is easy-to-use, avoids keying errors, reduces fraud and leads to lower transaction charges. PayWare Merchant can provide payment processing for both single and multi-site, multi-merchant operations. Easy front and back office integration allows PayWare systems to operate seamlessly, providing a complete audit trail with sophisticated monitoring and reporting facilities.
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 our customers to reduce transactions 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: +353-1-207-4000), 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 (T: +44 (0) 1707 827000. www.trintech.com
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