[2] MasterCard Offers Members Trintech's Next Generation Payment Tool for Internet Consumers.

SAN MATEO, Calif.--(BUSINESS WIRE)--Nov. 22, 1999--

Association Forms Strategic Alliance With Trintech To Bring

Server-Based Payment Software to Member Financial Institutions

Trintech Group PLC (Nasdaq: TTPA; Neuer Markt: TTP) today announced a global agreement with MasterCard to enable MasterCard's member financial institutions to distribute Trintech's consumer payment application for the Internet. Trintech's NetIssuer(TM) and "ezCard" technology allows banks to distribute a digital representation of a physical payment card to existing and new cardholders that significantly increases the convenience and security of e-commerce. As part of the strategic alliance with Trintech, MasterCard member financial institutions are being offered price incentives for NetIssuer technology.

Trintech's NetIssuer solution has been specifically designed to meet the two major requirements of issuing banks: branding and risk management. The issuing bank's brand is downloaded directly to the cardholder's desktop, giving the issuer unique brand visibility and flexibility. As a server-based solution, NetIssuer addresses risk management by providing the bank with the opportunity to authenticate and authorize the cardholder before the transaction is conducted. This gives the issuer enhanced control of risk management every time the consumer uses their digital card. Issuers also control the appearance of the ezCard icon, which is fully issuer-branded and uses a "drag-and-drop" process to automatically fill a merchant website's purchasing form and initiate a transaction for Electronic Commerce Modeling Language (ECML) and "profiled" merchants.

"Our agreement with Trintech provides us with another tool for meeting member needs," stated Art Kranzley, senior vice president, Electronic Commerce and Emerging Technologies, MasterCard International. "Issuers receive a cost-effective consumer payment product that extends their brand into the virtual world and maintains the primacy of the customer interaction. Instead of treating consumer cards as passive payment tools in the Internet shopping environment, Trintech's approach opens the door for new, online marketing strategies that can deepen existing relationships."

Kranzley added, "MasterCard members will benefit from the reduced consumer distribution costs inherent in a server-based offering, in addition to the strong marketing proposition of the NetIssuer technology -- the simple and easy to use digital representation of the issuer's card on the user's PC or web appliance screen. We look forward to future Trintech releases, which will support members' efforts to build additional value into their customer and merchant relationships."

The NetIssuer application enables issuers to "pre-load" wallets with card information for their credit and debit portfolios, so activation can be done instantly at the issuer's website. Moreover, Trintech software gives issuers total control of promotional offers and cross-selling messages that can appear each time the program is launched or used. Future versions of Trintech's payment product will allow issuers to conduct highly targeted, real-time marketing campaigns. Additional security is provided by SSL encryption and support for SET Secure Electronic Transaction security will also be made available in the future.

"We share MasterCard's vision of bringing convenience, flexibility and security to online shopping," added John McGuire, CEO of Trintech. "Our alliance with MasterCard provides an excellent distribution channel for our NetIssuer product, and a valuable opportunity to work with a leader in emerging technologies. We believe this technology will bring unparalleled branding opportunity for banks and result in a massive reduction in fraud and chargebacks. All of this is achieved while still keeping the e-commerce experience for the online consumer a simple drag, drop and auto-population of the payment form. It's simply clean, secure and convenient Internet payment."

As licensees of Trintech software, banks will have total control over the collection and use of their customer data. Additionally, there will be no conflicts of interest between Trintech and issuers since Trintech has not entered into direct consumer relationships with respect to the product.

Under the terms of the agreement, MasterCard members can receive price incentives to license the NetIssuer software and will also have the option to participate in pilot operations, hosted by MasterCard.

About MasterCard International

MasterCard International has the most comprehensive portfolio of payment brands in the world. With 23,000 member financial institutions, serving consumers in 220 countries and territories, MasterCard is the industry leader in quality and innovation. Nearly 700 million MasterCard, Maestro, Cirrus and Mondex cards are accepted at more than 16.2 million locations worldwide. In 1998, gross dollar volume exceeded $650 billion. MasterCard can be reached through its World Wide Web site at http://www.mastercard.com.

About Trintech

Founded in 1987, Trintech Group Plc. (Nasdaq: TTPA; Neuer Markt: TTP) is a leading provider of electronic payment infrastructure 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(R) 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: [phone]) and in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: [phone]). Trintech can be reached on the Web at http://www.trintech.com. Investor information can be found at www.trintech.com/investor.

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 e-commerce software, the market acceptance of the SSL or SET standards for e-commerce payment transactions, its ability to effectively respond to future changes in the e-payment software market and the continued market demand for its electronic point-of-sale systems. Actual performance may also be affected by other factors more fully discussed in Trintech's Form F-1 filed with the U.S. Securities and Exchange Commission.