Trintech and Princeton eCom Strategically Align to Provide Enhanced Secure Payment Offering; Agreement Signals Increased Consolidation Of eCommerce and mCommerce Payments Space.

Business/High Tech Editors

SAN MATEO, Calif.--(BUSINESS WIRE)--April 2, 2001

Trintech (Nasdaq:TTPA)(Neuer Markt:TTP), a leading provider of secure electronic payment infrastructure solutions, today announced a marketing and distribution alliance agreement with Princeton eCom.

Princeton eCom is a leading solution provider in the billing and payments area for some of the top billers in the telecommunications, mortgage and financial services, utility, and cable industries.

The ability to provide secure mobile commerce transactions is a prerequisite for growth in the wireless economy. The agreement gives both companies competitive advantage and strength in the race to capture and define the secure mobile payments sector. The combined product offering of Trintech's broad PayWare ePayment platform and the full suite of electronic billing from Princeton eCom will leverage Trintech's global reach and will generate new revenue opportunities for both companies. Additionally, the deal will give both companies' customers and prospects a more flexible product offering through utilization of Princeton eCom's hosting capabilities.

John McGuire, Trintech's CEO stated, "This partnership allows the combined customers of Trintech and Princeton eCom to solve their electronic billing and mCommerce payment issues cost effectively. Our combined strengths will give our customers a secure and robust infrastructure solution in a market where prompt time-to-market is essential to achieve success."

"Princeton eCom is a trusted, value-added ASP for electronic billing solutions and now provides Trintech with a hosted environment for our products. Prospective customers interested in a hosted solution for both payment and billing can now avail of Trintech's ePayment products thought the hosting partnership with Princeton eCom," continued McGuire.

"Partnering with Trintech provides Princeton eCom with a real-time credit card payment processing capability and bolsters Princeton eCom's position in emerging mobile payments arena," said Curtis R. Welling, CEO of Princeton eCom. "As wireless adoption increases, the demand for secure payment anytime, anyone, anywhere solutions escalates. Together, Trintech and Princeton eCom can bring to market solutions to address the burgeoning mCommerce space," he added.

By 2005, Merrill Lynch predicts revenues of $208 billion from mCommerce, while by 2004, over 150 million people are expected to use mobiles or PDAs for wireless banking or other financial transactions. Acknowledging this growth potential, executives at both Trintech and Princeton eCom agree that their alliance is among the first of what will be many moves within their industry to consolidate the mCommerce payments market.

About Trintech

Trintech is a leading provider of secure electronic payment infrastructure solutions for real world, Internet and wireless transactions. The company, founded in 1987, offers a complete range of payment software products for credit, debit, commercial and procurement card applications. Trintech's secure product range is deployed in over 35 countries worldwide and covers the payment requirements of consumers, card issuing banks, merchant acquiring institutions, merchants, eMerchants, telcos, wireless operators, ISPs/CSPs, Portals and large corporations. The Group's range of scalable, open systems architecture solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant and financial institution requirements for all card-based payments, including eCommerce and the emerging world of mCommerce. 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.

ABOUT PayWare PRODUCTS

-- PayWare mAccess is a server-based product that seamlessly and securely
authenticates the user and transfers payment details from wireless devices
through to the payment processor for settlement.

-- PayWare eIssuer allows shoppers to simply drag-and-drop these virtual cards
from their desktops or cell phone to online merchant forms which will then be
automatically be filled out with the customer's information.

-- PayWare eAcquirer is a payment gateway infrastructure solution for financial
institutions, payment processors, eCommerce service providers and card
organizations. It enables these entities to securely authorize, capture, route
and settle all card-based transactions originating from both the physical and
virtual worlds of commerce.

-- PayWare eCMS is a card management system that allows card issuers and
acquirers to manage all back office processes.

ABOUT PRINCETON eCOM

Princeton eCom, the first company to present a bill on the Internet, is a leading provider of electronic billing and payment services to more than 850 corporations, banks, financial institutions and payment partners including Ameritech, GMAC Mortgage, United Technologies, UPS, Mellon Global Cash Management, Verizon Wireless, Cellular One, Cinergy Corp., Corillian, S1, FiServ, and Jack Henry.

Through strategic alliances with banks, credit unions, home banking software providers, networks like MasterCard RPPS, and web portals, Princeton eCom has built a comprehensive bill distribution network.

Princeton eCom enables businesses to present their consumers' bills and their business invoices on the Internet and it provides consumers and businesses with the ability to access and pay those bills online, over the phone, or using a wireless digital device. It also provides electronic payment processing services to banks, credit unions, and other financial institutions. Princeton eCom's range of services includes electronic lockbox, electronic collection, and electronic credit card balance transfer services as well as customer care and customer service programs.

Princeton eCom is a privately held company. Major investors include New Century Equity Holdings (Nasdaq:NCEH), Mellon Ventures, the private equity partnership of Mellon Financial Corporation (NYSE:MEL), SG Capital Partners LLC, the U.S. merchant banking affiliate of Societe Generale, Bottomline Technologies, Terra Lycos Ventures L.P., a venture capital fund affiliated with Terra Lycos, Inc. (Nasdaq:TRLY), and BT Investment Partners, Inc.

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 growth of the eCommerce market, the ability of the Princeton eCom's and other customers to fulfill their commitment to adopt Trintech's eCommerce payment technology, the availability of financial resources to continue investment in research and development and sales and marketing programs, Trintech's ability to develop, market and sell eCommerce software, the market acceptance of the SSL or SET(tm) standards for eCommerce payment transactions, and its 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 20-F and Form 6-K for the quarter ended January 31, 2001 filed with the US. Securities and Exchange Commission.