CeBIT at HANNOVER, Germany, March 19, 2004 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction management and payment infrastructure solutions, today announced that Scheidt & Bachmann has selected Trintech's OpenPay 3000 outdoor payment terminal and back office payment software, to power secure Chip and PIN ticketing at railway stations in selected European markets.
Scheidt & Bachmann, a global leader in the supply of automated ticketing and payment systems, plans to roll-out PayWare OpenPay 3000 to enable secure payments at unattended ticket vending machines. It currently has agreements to supply ticketing systems in several countries, including Ireland and Scotland. Launched in November 2003, OpenPay 3000 provides Scheidt & Bachmann with a standards based solution that meets Visa PIN Pad and ZKA device security standards, as well as DDA disability requirements, and EMV compliance. In addition to the OpenPay 3000, Scheidt & Bachmann are installing Trintech's PayWare Merchant card authorization software. All transactions will be routed via PayWare for real-time online authorizations, providing a seamless solution.
"Scheidt & Bachmann leverages its core competency in managing major and challenging projects, to serve some of the world's most prestigious organizations," said Dr. Norbert Miller, General Manager of Scheidt & Bachmann. "Our goals are very ambitious, and we have high expectations in the cooperation with Trintech. We expect the partnership to strengthen and extend our market leadership position as an innovative system house."
"The decision by a world-leader like Scheidt & Bachmann to use our PayWare OpenPay 3000 in their Chip and PIN enabled Ticketing Systems across Europe, is a strong validation and endorsement of our OpenPay solution and its secure payment architecture," said Eamon Keating, General Manager of Trintech's Retail Division. "OpenPay 3000 is an integral part of our solutions strategy, combining Linux open-source operating system with full Chip and PIN compliance. OpenPay can be integrated as a standard product or integrated in a custom configuration into OEM manufacturers' systems with minimum development cost and time."
About PayWare OpenPay 3000
The OpenPay 3000 range enables OEM manufacturers to build secure payment solutions incorporating the latest security and disability requirements, into their products seamlessly. The OpenPay 3000 range combined with Trintech's associated suite of services and support enable their customers to provide card-based payment and other transaction services on their systems within a rapid product development timeline, at a fraction of their true development cost.
PayWare OpenPay 3000 can be used in any unmanned payment environment including: -- Ticket Vending Machines -- Pay-at-Pump outdoor payment terminals -- ATM's -- Mobile Prepay Vending Machines -- Product Vending Machines -- Multimedia Kiosks -- Parking 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 17 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 at 186-192 Darkes Lane, Potters Bar, Hertfordshire, EN6 1AF (Tel: +44 (0) 1707 827000). www.trintech.com.
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