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Dallas / Dublin, Ireland - 16th April 2002 - Trintech Group Plc (NASDAQ: TTPA: Neuer Markt: TTP), a global provider of secure payment infrastructure solutions, today announced that Wilsons Leather (NASDAQ: WLSN), the U.S.? leading leather retailer, has selected ReconNET 6.1 to manage all its reconciliation and deposit verification requirements. The company has 787 stores across the U.S. and Canada, as well as a very popular eCommerce website, and has annual sales of over $720 million.
As part of the agreement, Trintech is implementing ReconNET 6.1 in Wilsons Leather's headquarters in Minneapolis, Minnesota. The latest release in the widely adopted ReconNET range includes many enhanced features, such as Internet support, Fast Find, Favorites and Print to Excel that will significantly reduce the cost of managing the reconciliation of transactions as well as deposit verification.
"Following a thorough evaluation process, we chose Trintech's ReconNET solution because it meets all our reconciliation and deposit verification requirements in one package," said Anthony Iacobucci, Director of Accounting Operations at Wilsons Leather. "We needed a system that would help us automate what had been a cumbersome process. In addition, I am confident that the roadmap for ReconNET includes many features and functions that will help reduce our costs and improve efficiencies in the near and long term."
"I am delighted that such an important North American retail company has chosen our ReconNET solution," said Tom DeLany, Director of Product Management and Marketing in the Funds Management Systems Division at Trintech. "Our goal is to provide our customers with a clear return on their investment within manageable timescales. We believe that the approach Wilsons Leather has taken positions them to manage their reconciliation and deposit reconciliation in a much more efficient manner."
About ReconNET
Among the more than 275 leading organizations using ReconNET are such well-known companies as Target Corporation, Eddie Bauer, The Limited, Radio Shack, Foot Locker, Best Buy, Hallmark Cards, Verizon Wireless, Sprint PCS, Kroger, AMC Theaters, Budget Rent a Car, Outback Steakhouse, Burger King, Wendy's, and many others.
ReconNET, part of Trintech?s PayWare suite of products, provides business-to-business enterprise reconciliation and treasury platforms that streamline the management of cash deposits, credit card payments and disbursements. ReconNET 6.1 features improvements include support for Microsoft SQL 2000, Windows XP Professional, and Crystal 8.5, extensive usability enhancements and a web-enabled application for access to ReconNET via the Internet.
For additional information about the ReconNET solution, contact Trintech at 15851 Dallas Parkway, Suite 940, Addison, TX 75001 (Tel: 972-701-9802) or on the Internet at http://www.trintech.com/ReconNET
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? compliant. Trintech?s range of scalable open systems architecture solutions for UNIX® and Windows NT? 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 15851 Dallas Parkway, Suite 940, Addison, TX 75001 (Tel: +1-972 701 9802) 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.
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