PLANET PAYMENT AND TRINTECH PARTNER TO DELIVER SECURE MULTI-CURRENCY
INTERNET PAYMENT TO BANKS WORLDWIDE
Trintech partners with Planet Payment to develop an ePayment infrastructure
to process global credit card payment transactions in a secure and automated
manner
SAN MATEO, Calif. /DUBLIN, Ireland - May 9, 2000 - Trintech Group PLC
(Nasdaq: TTPA; Neuer Markt: TTP), a leading provider of secure electronic
payment infrastructure solutions, today announced an alliance agreement with
Planet Payment, a leading provider of multi-currency Internet payment
solutions, to deliver secure Internet payment processing capabilities to
banks and Internet merchants worldwide.
As the first step in this multi-faceted relationship, Planet Payment is
implementing a secure multi-currency Internet Payment transaction solution
based on Trintech's PayWare eAcquirer technology. The secure switch will be
able to route e-commerce transactions to the more than 100 banking partners
in the Trintech and Planet Payment network, allowing these banks to offer
secure multi-currency Internet processing services to their merchant bases.
The integration of Trintech's PayWare eAcquirer will allow Planet Payment to
more fully service its customers around the world. Planet Payment currently
processes transactions for merchants in more than 25 countries, and its
merchant base is expected to grow rapidly to include over 100 countries by
the end of this year. To further promote the alliance, the parties will
focus on joint marketing programs, with an emphasis on the Asia-Pacific
marketplace.
"This relationship with Trintech continues our stated strategy to become the
global leader in providing multi-currency credit card payment solutions to
merchants, technology companies and financial institutions worldwide. By
partnering with a best-of-breed payment company like Trintech, we are in an
ideal position to take advantage of the growing multi-currency payment
requirements of Internet merchants," says Philip Beck, CEO at Planet
Payment. "Banks worldwide now have an opportunity to offer payment
processing capabilities to their customers by harnessing the combined
strengths of Planet Payment and Trintech."
"Multi-currency Internet payment processing is clearly a niche waiting to be
filled," says John McGuire, CEO of Trintech. "Utilizing Trintech technology
in Planet Payment's flexible and comprehensive payment service allows the
company to serve this growing segment with secure and cost-effective
ePayment technology."
About Planet Payment
Planet Payment ( www.planetpayment.com ) provides e-businesses - anywhere -
with the ability to accept credit cards online, in real-time, in almost any
currency. To get up and running, e-businesses need a credit card merchant
account and secure payment gateway. To maximize the global opportunity
presented by e-commerce, merchants will need to accept payments in multiple
currencies. Planet Payment's affordable solution enables Internet merchants
to accept Visa®, MasterCard®, and American Express® credit cards and is
compatible with most shopping cart technologies using its state-of-the-art
payment gateway powered by Authorize.Net ( www.authorize.net
<www.authorize.net> ).
About Trintech
Founded in 1987, Trintech Group PLC is a leading provider of secure
electronic payment solutions for card-based transactions in the physical
world and over the Internet. The company offers a complete range of payment
software products for credit, debit, commercial and procurement card
applications, as well as being a world leader in the deployment of payment
solutions for Internet commerce that are fully SSL and SET(tm) compliant.
Trintech's range of scalable open systems architecture solutions for UNIX®
and Windows NT(tm) platforms covers consumer, merchant and financial
institution requirements for physical payments and the emerging world of
electronic commerce. Trintech can be contacted in the U.S. at 2755 Campus
Drive, San Mateo, CA 94003 (Tel: 650-227-7000) and in Ireland at Trintech
Building, South County Business Park, Leopardstown, Dublin 18 (Tel:
353-1-207-4000). Trintech can be reached on the Web at
www.trintech.com.
This press release may contain "forward looking statements" within The
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Any "forward
looking statements" in this press release are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those stated. Factors that could cause or contribute to such differences
include the ability to develop, market and sell its eCommerce software, the
market acceptance of the SSL or SET standards for eCommerce payment
transactions, its ability to effectively respond to future changes in the
e-payment software market and, in particular, the market acceptance by card
issuers of PayWare eIssuer. Actual performance may also be affected by other
factors more fully discussed in Trintech's Form F-1and Form 6-K for the
quarter ended January 31, 2000 filed with the US. Securities and Exchange
Commission.
Best Regards,
Kip E. Meintzer
_____________________________________
Kip E. Meintzer
Director of Investor Relations
Trintech PLC.
"The Secure Way To Pay"
Nasdaq: TTPA | Neuer Markt: TTP
2755 Campus Drive
STE 220
San Mateo, CA 94403
eMail: kip@trintech.com
Phone: +1 (650) 227.7044
Mobile
USA: +1 (925) 963.5799
EUR: +353 (87) 638.0163
Visit us at www.trintech.com or read about the latest industry news at
www.epaynews.com
"There is no wisdom like frankness."
Benjamin Disraeli
INTERNET PAYMENT TO BANKS WORLDWIDE
Trintech partners with Planet Payment to develop an ePayment infrastructure
to process global credit card payment transactions in a secure and automated
manner
SAN MATEO, Calif. /DUBLIN, Ireland - May 9, 2000 - Trintech Group PLC
(Nasdaq: TTPA; Neuer Markt: TTP), a leading provider of secure electronic
payment infrastructure solutions, today announced an alliance agreement with
Planet Payment, a leading provider of multi-currency Internet payment
solutions, to deliver secure Internet payment processing capabilities to
banks and Internet merchants worldwide.
As the first step in this multi-faceted relationship, Planet Payment is
implementing a secure multi-currency Internet Payment transaction solution
based on Trintech's PayWare eAcquirer technology. The secure switch will be
able to route e-commerce transactions to the more than 100 banking partners
in the Trintech and Planet Payment network, allowing these banks to offer
secure multi-currency Internet processing services to their merchant bases.
The integration of Trintech's PayWare eAcquirer will allow Planet Payment to
more fully service its customers around the world. Planet Payment currently
processes transactions for merchants in more than 25 countries, and its
merchant base is expected to grow rapidly to include over 100 countries by
the end of this year. To further promote the alliance, the parties will
focus on joint marketing programs, with an emphasis on the Asia-Pacific
marketplace.
"This relationship with Trintech continues our stated strategy to become the
global leader in providing multi-currency credit card payment solutions to
merchants, technology companies and financial institutions worldwide. By
partnering with a best-of-breed payment company like Trintech, we are in an
ideal position to take advantage of the growing multi-currency payment
requirements of Internet merchants," says Philip Beck, CEO at Planet
Payment. "Banks worldwide now have an opportunity to offer payment
processing capabilities to their customers by harnessing the combined
strengths of Planet Payment and Trintech."
"Multi-currency Internet payment processing is clearly a niche waiting to be
filled," says John McGuire, CEO of Trintech. "Utilizing Trintech technology
in Planet Payment's flexible and comprehensive payment service allows the
company to serve this growing segment with secure and cost-effective
ePayment technology."
About Planet Payment
Planet Payment ( www.planetpayment.com ) provides e-businesses - anywhere -
with the ability to accept credit cards online, in real-time, in almost any
currency. To get up and running, e-businesses need a credit card merchant
account and secure payment gateway. To maximize the global opportunity
presented by e-commerce, merchants will need to accept payments in multiple
currencies. Planet Payment's affordable solution enables Internet merchants
to accept Visa®, MasterCard®, and American Express® credit cards and is
compatible with most shopping cart technologies using its state-of-the-art
payment gateway powered by Authorize.Net ( www.authorize.net
<www.authorize.net> ).
About Trintech
Founded in 1987, Trintech Group PLC is a leading provider of secure
electronic payment solutions for card-based transactions in the physical
world and over the Internet. The company offers a complete range of payment
software products for credit, debit, commercial and procurement card
applications, as well as being a world leader in the deployment of payment
solutions for Internet commerce that are fully SSL and SET(tm) compliant.
Trintech's range of scalable open systems architecture solutions for UNIX®
and Windows NT(tm) platforms covers consumer, merchant and financial
institution requirements for physical payments and the emerging world of
electronic commerce. Trintech can be contacted in the U.S. at 2755 Campus
Drive, San Mateo, CA 94003 (Tel: 650-227-7000) and in Ireland at Trintech
Building, South County Business Park, Leopardstown, Dublin 18 (Tel:
353-1-207-4000). Trintech can be reached on the Web at
www.trintech.com.
This press release may contain "forward looking statements" within The
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Any "forward
looking statements" in this press release are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those stated. Factors that could cause or contribute to such differences
include the ability to develop, market and sell its eCommerce software, the
market acceptance of the SSL or SET standards for eCommerce payment
transactions, its ability to effectively respond to future changes in the
e-payment software market and, in particular, the market acceptance by card
issuers of PayWare eIssuer. Actual performance may also be affected by other
factors more fully discussed in Trintech's Form F-1and Form 6-K for the
quarter ended January 31, 2000 filed with the US. Securities and Exchange
Commission.
Best Regards,
Kip E. Meintzer
_____________________________________
Kip E. Meintzer
Director of Investor Relations
Trintech PLC.
"The Secure Way To Pay"
Nasdaq: TTPA | Neuer Markt: TTP
2755 Campus Drive
STE 220
San Mateo, CA 94403
eMail: kip@trintech.com
Phone: +1 (650) 227.7044
Mobile
USA: +1 (925) 963.5799
EUR: +353 (87) 638.0163
Visit us at www.trintech.com or read about the latest industry news at
www.epaynews.com
"There is no wisdom like frankness."
Benjamin Disraeli
