[0] Planet Payment and Trintech Partner To Deliver Secure Multi-Currency Internet Payment to Banks Worldwide.Business/High-Tech Editors SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. and DUBLIN, Ireland--(BUSINESS WIRE)--May 9, 2000 Trintech partners with Planet Payment to develop an ePayment infrastructure to process global credit card payment transactions in a secure and automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. manner Trintech Group PLC (Nasdaq: TTPA TTPA Tocopherol Transfer Protein, Alpha TTPA Telephone Twisted Pair Adapter ; Neuer Markt: TTP TTP (thymidine triphosphate): see thymine. ), 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 John McGuire is the name of:
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(R), MasterCard(R), and American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. (R) 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). 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 A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. , commercial and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. card applications, as well as being a world leader in the deployment of payment solutions for Internet commerce that are fully SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. and SET(TM) compliant. Trintech's range of scalable open systems architecture solutions for UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (R) and Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. (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 http://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 a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , 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. |
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