DUBLIN, Ireland, and DALLAS, Dec. 15, 2003 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction management and payment infrastructure solutions, today announced that Dubai Bank has selected Trintech's PayWare CMS solution to manage all its card processing requirements.
Dubai Bank, the UAE's newest and most innovative bank, plans to expand its Credit Card issuing operations through its branch network in Dubai and later through other branches across the Emirates. PayWare CMS provides Dubai Bank with an enterprise card management solution that is designed to handle multiple card products and technologies.
Within a short span of less than a year, Dubai Bank already ranks as one of the fastest growing credit card issuers in the UAE banking sector. Its success can be attributed to the unmatched value and numerable unique and innovative benefits and services that it offers -- many of which are firsts in the market.
Commenting on the new partnership, Ahmed Kalim, Vice President, Operations and IT, Dubai Bank, said "We are confident that Trintech's PayWare CMS solution has the flexibility we need to manage all our credit card processing requirements. We needed a platform that would help us to grow our card issuing business by offering a broad suite of card products to our customers. PayWare CMS gives us that capability and we can now provide new and existing customers with a range of products to meet all their present and future requirements."
Since its launch last year, Dubai Bank has pursued a proactive strategy with third party, best-in-breed service providers. This complements the bank's own commitment to providing fast and flexible financial solutions.
"Dubai Bank has quickly established itself as a customer focused financial services provider in the UAE," says Tom Trainor, EVP of Sales at Trintech. "PayWare CMS makes it easy to develop and deploy tailored card products for different customer segments enabling Dubai bank to expand their portfolio while maintaining the high level of service that their customers demand."
About PayWare CMS 7.0
PayWare CMS is designed for banks, financial institutions, processors and retailers who wish to issue cards and accept card payments. This solution provides a comprehensive payment solution supporting all aspects of card and merchant management, payment authorization, clearing and settlement. Trintech customers that have implemented PayWare CMS, have seen dramatic reductions in the cost associated with launching new card products and processing their transactions. PayWare CMS can run on a number of Unix platforms including Sun Solaris, HP/UX and IBM AIX. For more information, please visit: www.trintech.com/cms
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
About Dubai Bank
Dubai Bank is a fully owned subsidiary of real estate major EMAAR Properties. Focused on retail and commercial banking, the bank's launch in September 22, 2002 is in total conformity with EMAAR's diversification strategy, which aims at optimising the investment of group resources, while actively diversifying the sources of its revenues. Dubai Bank has already distinguished itself with its fresh approach to banking and unparalleled range of banking products and services. Technology is a strong enabler, as is adherence to international best practices that exemplifies Dubai Bank as a world-class institution synonymous with modernity, excellence, and innovation.