O2 Chooses Trintech's ReconNET for Transaction Reconciliation and ExecuNET for Business Analysis; Leading UK Mobile Communications Company to Reconcile Cash, Checks, Credit Cards and Billing System and Monitor Business Trends and Performance.

LONDON & DALLAS -- Trintech (Nasdaq:TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that UK mobile communications provider O2 has selected ReconNET to automate the verification and reconciliation of its cash, checks, credit card transactions and customer billing system payment receipts. The company will also use ExecuNET for business analysis and to identify trends in funds management processes.

O2 is a leading provider of mobile services to over 14 million customers in the UK and is a subsidiary of O2 plc, which also owns O2 branded mobile operators in Ireland and Germany.

"We needed a sophisticated reconciliation system to handle the millions of customer payments we process every month. ReconNET's powerful matching algorithms and ability to handle multiple processes at the same time gave us what we needed," said Mark Allen, Financial Controller of O2 (UK). "With ExecuNET we plan to analyze trends that affect our exposure to risk and the productivity of our staff."

The combined solution of ReconNET and ExecuNET should provide ease of use, flexibility, exception workflow management and reporting capabilities while providing executive management with the opportunity to evaluate developing trends in order to reduce exposure to unnecessary write-offs.

"We are pleased O2 selected Trintech solutions to meet their complex, high-volume requirements, and to gain additional control over their accounting and treasury lifecycle," said John Harte, General Manager of Trintech's Funds Management Systems Division. "O2 joins other prestigious Trintech clients in the telecom industry, including Cingular Wireless, Verizon Wireless and Sprint Spectrum."

About O2

O2 is a leading provider of mobile services to consumers and businesses in the UK. It is the leader in non-voice services, including text, media messaging, games, music and video, as well as always on data connections via GPRS, 3G and WLAN. Every month, O2's 14.3 million customers send a billion text messages. O2 (UK) is a subsidiary of O2 plc, which also owns O2 branded mobile operators in Ireland and Germany as well as the O2 Airwave emergency services network in the UK. For more information visit www.O2.com.

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, Bank Fee Analysis, and DataFlow Transaction 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, 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 reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally. Built on 18 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: [phone]), in the US at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: [phone]), and in the UK at 186-192 Darkes Lane, Potters Bar, Hertfordshire, EN6 1AF (Tel: [phone]). www.trintech.com.