Trintech Showcases OpenPOS(TM), The World's First High Security POS Terminal Architecture Using Embedded Linux and ARM Technology Trintech Unveils PayWare OpenPOS(TM) at CeBIT 2002, an Innovative

Multi-Application Platform That Dramatically Reduces Transaction Times

And Shortens Development Cycles

    HANNOVER, Germany, March 13 /PRNewswire-FirstCall/ --
 Trintech Group Plc  (Nasdaq:   TTPA; Neuer Markt: TTP), a global provider of
 secure electronic payment infrastructure solutions, today unveiled PayWare
 OpenPOS(TM), the world's first open source POS terminal architecture designed
 to run a range of secure PIN-based card payment applications. Trintech plans
 to target OpenPOS(TM) at the estimated 18 million POS terminals installed
 today worldwide that are due to be upgraded to incorporate new technologies,
 including chip.
     The new technology, showcased at CeBIT 2002, will be available to create
 powerful product suites -- including in-store applications, such as PINPads
 and PIN-enabled POS terminals, and applications in unattended environments,
 such as kiosks and ATMs. Trintech will make the products and technology
 modules available to Value Added Resellers (VARS), system integrators and OEM
     At Cebit (stand no. A24/35 Hall 18RG), Trintech will be demonstrating how
 OpenPOS(TM) can dramatically reduce the transaction time of secure
 PIN-based smart card payments. The demonstration will take place using the
 German debit card scheme, electronic cash, which uses smart card technology
 and requires the verification of the cardholder's PIN number. OpenPOS(TM)
 performs the encryption tasks required by the debit card scheme in
 milliseconds, significantly shortening the overall transaction time for
 cardholders at the point-of-sale.  The higher encryption requirements of the
 EMV standard that are expected to be fully adopted by in Europe by 2005 will
 drive the demand for faster technology such as OpenPOS(TM).
     In introducing the new technology, Trintech has leveraged its 10 years
 experience in high security and tamper proof PINPads to ensure the technology
 meets the highest security requirements. OpenPOS(TM) is currently undergoing a
 certification process with T-Systems ISS GmbH (previously called Debis), an
 internationally recognized security certification institute.
     The OpenPOS(TM) modules exhibited at CeBIT are deployed within a range of
 concept devices including standalone PINPads, POS terminals with integrated
 PINPads and screen-based terminals. OpenPOS(TM) will also be incorporated into
 specific elements of Trintech's product set following close analysis of
 customer requirements and will be actively marketed to Trintech's growing
 international community of VARs.
     "The move to embedded Linux is a very significant development for the POS
 industry as it signals a move away from proprietary and incompatible vendor
 and industry standards to a more widely available, open source development
 environment," said John Harte, EVP and General Manager of Trintech's ePOS
 Division. "OpenPOS(TM) is an industry first that will significantly reduce
 transaction times providing multiple advantages to our customers and
     A broad range of open source software is immediately available for the
 OpenPOS platform. In particular, the embedded Linux real-time operating system
 from Lineo Inc., will allow Trintech's OpenPOS(TM) technology to overcome the
 real-time limitations of standard Linux faced by VARs and system integrators.
     About OpenPOS(TM)
     OpenPOS(TM) utilizes the 32-bit ARM(TM) processor that supports a wide
 range of interfaces such USB and Ethernet. It also supports an extensive range
 of LCD displays -- from small graphic LCD displays, to touch screen and TFT
 displays. The new OpenPOS(TM) platform supports the use of multi-media cards
 and compact flash, allowing memory to be scaled from 4MB to over 64MB. Its
 in-built Memory Management Unit also provides a very reliable and dynamic
 system for application fire-walling. The use of ARM as a platform means that
 software code is compatible across a range of different ARM processors,
 including ARM10, Strong Arm and X-Scale.
     About Lineo, Inc.
     Lineo(R), Inc. provides embedded systems and real-time solutions that
 cover the full spectrum of embedded development, including operating system
 software, host development environments and professional services. Lineo
 distributes vertical solutions (Smart Handheld, Residential Gateway, Digital
 Media/TV) that allow OEMs to create smart embedded devices and systems. While
 helping OEMs to reduce system requirements, per-unit costs and time-to-market.
 Lineo's key product lines include:  Embedix(R) SDK (a fully featured and
 integrated embedded developer tool chain), Embedix(R) (embedded Linux system
 software for MMU-less and MMU-full processors), Embedix(R) BridgeWorks(TM)
 (operating systems and tools for multiprocessor device Support and legacy code
 migration) and RTXC(TM) Quadros(TM) (a highly configurable microprocessor and
 DSP real-time operating system). Contact Lineo at , via
 e-mail to or by calling 801-426-5001.
     About ARM
     ARM(R) is the industry's leading provider of 16/32-bit embedded RISC
 microprocessor solutions. The company licenses its high-performance, low-cost,
 power-efficient RISC processors, peripherals, and system-chip designs to
 leading international electronics companies. ARM also provides comprehensive
 support required in developing a complete system. ARM's microprocessor cores
 are rapidly becoming the volume RISC standard in such markets as portable
 communications, hand-held computing, multimedia digital consumer and embedded
 solutions. More information on ARM is available at .
     About Trintech
     Founded in 1987, Trintech is a leading provider of secure electronic
 payment infrastructure solutions for card-based transactions for physical
 world commerce, eCommerce and mobile commerce. 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 94403 (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 .
     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, relating to, among
 other things, future applications, functionality and performance of
 OpenPOS(TM), Trintech's marketing strategies for OpenPOS, and the timing of
 the adoption of the EMV standard. 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
 and mCommerce markets, 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 and mCommerce
 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 6-K for the quarter
 ended October 31, 2001 filed with the U.S. Securities and Exchange Commission.
                      MAKE YOUR OPINION COUNT - Click Here

SOURCE Trintech Group Plc

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.


PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.