Barclaycard Selects Trintech to Power its eWallet for Convenient Online Shopping
Europe`s Leading Issuer of Credit Cards, Barclaycard, Selects Trintech`s PayWare Solution
San Mateo, CA / Dublin, Ireland - August 29, 2001. Trintech Group Plc (NASDAQ: TTPA: Neuer Markt: TTP), a global provider of secure payment infrastructure solutions for real world, Internet and wireless environments, today announced that Barclaycard, a subsidiary of Barclays Plc (LSE: BARC), has selected Trintech`s PayWare eIssuer as one of the key initiatives it will look to deploy in its increasing forceful entry into the eCommerce payments arena. The deal will enable Barclaycard to offer eWallet functionality and will provide a more convenient shopping experience for consumers at a wide range of leading online websites.
The wallet will also be available through Shopsmart, the UK`s leading comparison shopping website for use at all of its retail partners.
"Partnering with Trintech and utilizing their flexible yet powerful payment technology has enabled us to extend our reach into this arena, allowing us the opportunity to expand into the mobile and set-top markets in the future," said Sonja Roberts, Director of eCommerce at Barclaycard. "Barclaycard considers the Internet an essential medium for the delivery of goods and services for consumers and merchants."
Commenting on the deal with Europe`s leading issuer of credit cards, John McGuire, CEO of Trintech was delighted to announce, "Trintech will work closely with Barclaycard to provide the PayWare eIssuer infrastructure that will speed up transaction times and lead to a more satisfactory and secure payment experience for consumers and merchants."
About Barclaycard
Barclaycard is Europe`s leading issuer of credit cards with 7.9m customers in the UK alone. Operations abroad include Germany, France, Spain and Greece.
Barclaycard was the first and is the UK`s leading card services provider on the Internet. 500,000 customers regularly use Barclaycard`s online account services.
About Shopsmart
Shopsmart Ltd is the UK`s leading internet comparison shopping site. Formed in 1999, Shopsmart was acquired in April 2001 by Indigosquare Ltd (a joint venture between Barclays Bank and Nomura International PLC). The deal combined two of the foremost players in the market to create the UK`s number one comparison shopping site.
About Trintech
Founded in 1987, Trintech is a leading provider of secure electronic payment infrastructure solutions for card-based transactions for physical world commerce, eCommerce and mobile commerce. 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™ compliant. Trintech`s range of scalable open systems architecture solutions for UNIX® and Windows NT™ 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 94403 (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 http://www.trintech.com.
About PayWare eIssuer
Trintech`s PayWare eIssuer is an online virtual credit card purchase and payment solution, which simplifies and secures online purchasing over the Internet and wireless networks. It is a powerful marketing and risk reduction tool that develops and strengthens customer relationships.
Media Contacts
Cara Sloman
Nadel Phelan Inc.
Tel: + 1 831 440 2411
Email: cara@nadelphelan.com
This press release contains "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, relating to, among other things, future applications, functionality and performance of PayWare eIssuer. 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 availability of financial resources to continue investment in research and development, and Trintech`s ability to effectively respond to future changes in the ePayment software market. Actual performance may also be affected by other factors more fully discussed in Trintech`s Form 6-K for the quarter ended April 30, 2001 filed with the U.S. Securities and Exchange Commission.
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