DUBLIN, Ireland and DALLAS, Sept. 14, 2004 (PRIMEZONE) -- Trintech (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction management and payment infrastructure solutions, today announced that Select Comfort, the United States' leading bed retailer and creator of the SLEEP NUMBER(r) bed, has selected ReconNET to automate the verification and reconciliation of its bank deposits, credit card transactions and disbursements for its retail and distribution channels. Select Comfort has also selected Trintech's DataFlow transaction network to complete the automation of its financial processes through collection, formatting and delivery of daily banking data.
Select Comfort (Nasdaq:SCSS) was founded in 1987 and designs, manufactures and markets the Sleep Number(r) bed. The Sleep Number bed, which uses patented, adjustable air chamber technology, is available nationwide at over 361 Select Comfort stores, select bedding retailers, online, and through national direct marketing.
The combination of ReconNET with DataFlow's service will streamline Select Comfort's cash management and accounting processes, reducing effort and operational costs while increasing cash controls and use of available funds.
"Through ReconNET and DataFlow, Trintech offered us a complete solution to automate our daily and month-end processes," said Don Heidemann, Manager of Cash and Receivables at Select Comfort. "With Trintech's proven record of success and detailed, consultative implementation, we had complete confidence in making our selection." In addition to streamlining its daily reconciliation processes, Select Comfort will also use ReconNET's Research module to manage research of non-matching transactions detected by the system, and the ACH module to automatically move available cash from local depositing banks to interest-bearing corporate accounts.
"Select Comfort has joined a growing number of customers that are benefiting from the synergy of Trintech's ReconNET software in combination with our DataFlow transaction network." said John Harte, General Manager of Trintech's Funds Management Systems Division. "Trintech is the only vendor that offers a fully-integrated solution for efficient data collection and reconciliation."
About Trintech FMS
Trintech Funds Management Systems (FMS), a division of Trintech Group, provides comprehensive, industry-leading solutions that optimize enterprise funds management including the ReconNET reconciliation product suite, ExecuNET Executive Reporting, Bank Fee Analysis, and DataFlow transaction data 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 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.
About Select Comfort
Founded in 1987, Select Comfort Corporation is the United States' leading bed retailer, holding 26 U.S. issued or pending patents for its personalized sleep products. The company designs, manufactures and markets a line of adjustable-firmness mattresses featuring air-chamber technology, branded the Sleep Number(r) bed, as well as foundations and sleep accessories. Select Comfort's products are sold through its 361 retail stores located nationwide, including 13 leased departments in Bed Bath & Beyond stores; through selected bedding retailers; through its national direct marketing operations; and on the Internet at www.selectcomfort.com.