Trintech and Princeton eCom Strategically Align to Provide Enhanced Secure Payment Offering

Agreement Signals Increased Consolidation of eCommerce and mCommerce

Payments Space



Apr 03, 2001, 01:00 ET from Trintech from ,Princeton eCom

    SAN MATEO, Calif., April 3 /PRNewswire/ --
     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.
     (Photo:   http://www.newscom.com/cgi-bin/prnh/20001229/PHF002LOGO-b
               http://www.newscom.com/cgi-bin/prnh/20001229/PHF002-a )
     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:
 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.
 
     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 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, 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 U.S. Securities and Exchange Commission.
 
 

SOURCE Trintech; Princeton eCom
    SAN MATEO, Calif., April 3 /PRNewswire/ --
     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.
     (Photo:   http://www.newscom.com/cgi-bin/prnh/20001229/PHF002LOGO-b
               http://www.newscom.com/cgi-bin/prnh/20001229/PHF002-a )
     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:
 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.
 
     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 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, 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 U.S. Securities and Exchange Commission.
 
 SOURCE  Trintech; Princeton eCom

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