DUBLIN, Ireland, LONDON and DALLAS, Dec. 17, 2003 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA (Prime Standard:TTP), a leading provider of transaction management and payment infrastructure solutions, today announced that it has achieved EMV 2000 version 4 certification for its OpenPay EMV application kernel, which is used in a range of PIN Pads, point-of-sale terminals and unattended payment systems.
Europay, MasterCard and Visa (EMV) have jointly developed a set of global specifications that define and certify vendors' software and hardware to ensure compatibility of chip cards and terminals throughout the world. EMV 2000 version 4 defines the latest version of these specifications.
The major card schemes are committed to the rollout of chip-based payment cards. In many countries, from 2005, liability rules are changing to provide greater protection against fraud to merchants who have deployed EMV card acceptance technology meeting the global EMV standard. The ability to accept these new chip cards is becoming increasingly important. EMV compliance not only offers a deterrence against fraud but also provides opportunities for value-added and multi-application cards.
"Trintech already has a track record in delivering EMV solutions to a variety of retailers," said Eamon Keating, General Manager of Trintech's Retail Division. "Achieving this highest EMV standard is a direct result of our continued investment in product development, reinforcing our position as a leading supplier of EMV solutions."
Trintech's OpenPay application kernel has been rigorously tested by an approved laboratory and certified by EMV. This ensures that Trintech devices can accept EMV chip-based payment cards that have been issued anywhere in the world. This equipment includes PIN Pads, POS terminals and unattended payment devices such as kiosks and vending machines. OpenPay also allows customers to be authenticated by securely entering a PIN number. By achieving compliance with the latest EMV 2000 version 4 standard, Trintech can provide an easy EMV upgrade path for both point-of-sale and unattended systems.
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