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Tuesday March 13, 2:01 am Eastern Time
Press Release
PayPal Reaches Deal to Implement Trintech`s PayWare
Issuer Chargeback System -- ICS --
ICS Will Improve PayPal`s Customer Service Through Better Payment
Dispute Resolution
SAN MATEO, Calif.--(BUSINESS WIRE)--March 12, 2001-- Trintech (Nasdaq:TTPA - news; Neuer Markt:TTP), a leading
provider of secure electronic payment solutions, today announced that it signed a deal for the implementation of its Issuer
Chargeback System (ICS) into the customer management system for PayPal, the world`s first and largest Internet-based
person-to-person payments service.
The implementation of Trintech`s dispute management software supports PayPal`s recent initiative to issue co-branded
MasterCard debit cards to business users among its six million plus customers. Trintech`s ICS solution will allow PayPal to
manage both the cost and service implications of managing any disputed transactions that will arise from this extension of their
service offering. The product will be integrated with PayPal`s customer management system (e-service) in order to allow PayPal
to provide their clients with a high level of service throughout the dispute resolution process. Trintech`s ICS product solution is both
a multi-language and multi-currency solution, which will support PayPal as they develop their international strategy.
``Our PayWare ICS solution provides all the functionality to efficiently and effectively manage any disputes arising from the
chargeback process. We believe that PayPal will enjoy the benefits offered by ICS in terms of reduced cardholder attrition
through improved customer service as well as reduced processing costs and increased productivity,`` concluded John Harte,
Trintech`s Senior Vice President of Marketing and Sales.
``PayPal is committed to delivering a customer-friendly experience to all our users. It is a vital element of our customer service to
ensure that any disputes are dealt with effectively -- the addition of exception management capabilities to our payment solutions
adds an extra dimension to our customer offering,`` said Todd Pearson, Senior Vice President of Financial Services for PayPal.
``The implementation of Trintech`s PayWare ICS will also allow us to more easily add new products to our product portfolio with
reduced training for staff as the complex payment regulations are already encoded into the system.``
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® 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: 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. Investor information can be
found at www.trintech.com/investor.
ICS Product Overview
Trintech`s Issuer Chargeback System (ICS) automates the exception management process from end-to-end, increasing processing
efficiency and creating more opportunities for greater customer care.
ICS combines a powerful decision-support environment with compliant dispute regulations to enable optimum management of the
entire chargeback process using an easily understood graphical user interface, for swift and informed decision-making.
The essential difference between ICS and other exception management systems is its built-in knowledge of national and
international chargeback regulations. The chargeback regulations for VISA and MasterCard/Europay have been encoded into the
application so that the system can recommend the appropriate action and chargeback reason codes for each case, replacing the
need to navigate a series of intricate paper trails and complex and changing regulations. Combined with ICS`s ease of use, this
dramatically reduces the average training time for new staff to be fully operational.
About PayPal
PayPal is the instant and secure online payment service that allows people and businesses to send and receive money by e-mail
from bank accounts or credit cards. With more than six million members, PayPal is the world`s first and largest Internet-based
payment network, and the No. 1 financial site on the Internet, according to PC Data Online. PayPal is the preferred payment
service for online auctions, online community and group Web sites, and is seeing tremendous growth in use for e-commerce.
PayPal members send over $7 million in more than 150,000 payments each day. Free to consumers, PayPal can be used from PCs
or web-enabled mobile phones. A privately held company headquartered in Palo Alto, California, PayPal was named one of the 50
Most Important Private Companies in the World by Red Herring and one of the Top 25 New Companies by Fortune Small
Business. The PayPal Website has been cited as among the ``Best of the Web`` by Forbes, Time, and U.S. News & World
Report. For more information, please visit http://www.paypal.com.
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 PayPal 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 October 31, 2000 filed with the
US. Securities and Exchange Commission.
Press Release
PayPal Reaches Deal to Implement Trintech`s PayWare
Issuer Chargeback System -- ICS --
ICS Will Improve PayPal`s Customer Service Through Better Payment
Dispute Resolution
SAN MATEO, Calif.--(BUSINESS WIRE)--March 12, 2001-- Trintech (Nasdaq:TTPA - news; Neuer Markt:TTP), a leading
provider of secure electronic payment solutions, today announced that it signed a deal for the implementation of its Issuer
Chargeback System (ICS) into the customer management system for PayPal, the world`s first and largest Internet-based
person-to-person payments service.
The implementation of Trintech`s dispute management software supports PayPal`s recent initiative to issue co-branded
MasterCard debit cards to business users among its six million plus customers. Trintech`s ICS solution will allow PayPal to
manage both the cost and service implications of managing any disputed transactions that will arise from this extension of their
service offering. The product will be integrated with PayPal`s customer management system (e-service) in order to allow PayPal
to provide their clients with a high level of service throughout the dispute resolution process. Trintech`s ICS product solution is both
a multi-language and multi-currency solution, which will support PayPal as they develop their international strategy.
``Our PayWare ICS solution provides all the functionality to efficiently and effectively manage any disputes arising from the
chargeback process. We believe that PayPal will enjoy the benefits offered by ICS in terms of reduced cardholder attrition
through improved customer service as well as reduced processing costs and increased productivity,`` concluded John Harte,
Trintech`s Senior Vice President of Marketing and Sales.
``PayPal is committed to delivering a customer-friendly experience to all our users. It is a vital element of our customer service to
ensure that any disputes are dealt with effectively -- the addition of exception management capabilities to our payment solutions
adds an extra dimension to our customer offering,`` said Todd Pearson, Senior Vice President of Financial Services for PayPal.
``The implementation of Trintech`s PayWare ICS will also allow us to more easily add new products to our product portfolio with
reduced training for staff as the complex payment regulations are already encoded into the system.``
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® 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: 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. Investor information can be
found at www.trintech.com/investor.
ICS Product Overview
Trintech`s Issuer Chargeback System (ICS) automates the exception management process from end-to-end, increasing processing
efficiency and creating more opportunities for greater customer care.
ICS combines a powerful decision-support environment with compliant dispute regulations to enable optimum management of the
entire chargeback process using an easily understood graphical user interface, for swift and informed decision-making.
The essential difference between ICS and other exception management systems is its built-in knowledge of national and
international chargeback regulations. The chargeback regulations for VISA and MasterCard/Europay have been encoded into the
application so that the system can recommend the appropriate action and chargeback reason codes for each case, replacing the
need to navigate a series of intricate paper trails and complex and changing regulations. Combined with ICS`s ease of use, this
dramatically reduces the average training time for new staff to be fully operational.
About PayPal
PayPal is the instant and secure online payment service that allows people and businesses to send and receive money by e-mail
from bank accounts or credit cards. With more than six million members, PayPal is the world`s first and largest Internet-based
payment network, and the No. 1 financial site on the Internet, according to PC Data Online. PayPal is the preferred payment
service for online auctions, online community and group Web sites, and is seeing tremendous growth in use for e-commerce.
PayPal members send over $7 million in more than 150,000 payments each day. Free to consumers, PayPal can be used from PCs
or web-enabled mobile phones. A privately held company headquartered in Palo Alto, California, PayPal was named one of the 50
Most Important Private Companies in the World by Red Herring and one of the Top 25 New Companies by Fortune Small
Business. The PayPal Website has been cited as among the ``Best of the Web`` by Forbes, Time, and U.S. News & World
Report. For more information, please visit http://www.paypal.com.
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 PayPal 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 October 31, 2000 filed with the
US. Securities and Exchange Commission.
und grob übersetzt???
gruß ghosti
gruß ghosti
hallo Ghostrider
Die komplette adHoc(/news) in deutsch findest du hier:
Thread: Trintech, wie seht ihr die Aktie in den nächsten Wochen?
gruß Codex
P.S. bist du auch in trintech investiert? KK?
Die komplette adHoc(/news) in deutsch findest du hier:
Thread: Trintech, wie seht ihr die Aktie in den nächsten Wochen?
gruß Codex
P.S. bist du auch in trintech investiert? KK?
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