Trintech wins rail ticketing contract

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Trintech Group Plc (NASDAQ: TTPA: Prime Standard: TTP), a leading provider of transaction management and payment infrastructure solutions, today announced that Scheidt & Bachmann has selected Trintech's OpenPay 3000 outdoor payment terminal and back office payment software, to power secure Chip and PIN ticketing at railway stations in selected European markets.

Scheidt & Bachmann, a global leader in the supply of automated ticketing and payment systems, plans to roll-out PayWare OpenPay 3000 to enable secure payments at unattended ticket vending machines. It currently has agreements to supply ticketing systems in several countries, including Ireland and Scotland. Launched in November 2003, OpenPay 3000 provides Scheidt & Bachmann with a standards based solution that meets Visa PIN Pad and ZKA device security standards, as well as DDA disability requirements, and EMV compliance. In addition to the OpenPay 3000, Scheidt & Bachmann are installing Trintech's PayWare Merchant card authorization software. All transactions will be routed via PayWare for real-time online authorizations, providing a seamless solution.

"Scheidt & Bachmann leverages its core competency in managing major and challenging projects, to serve some of the world's most prestigious organizations" said Dr. Norbert Miller, General Manager of Scheidt & Bachmann. "Our goals are very ambitious, and we have high expectations in the cooperation with Trintech. We expect the partnership to strengthen and extend our market leadership position as an innovative system house".

"The decision by a world-leader like Scheidt & Bachmann to use our PayWare OpenPay 3000 in their Chip and PIN enabled Ticketing Systems across Europe, is a strong validation and endorsement of our OpenPay solution and its secure payment architecture," said Eamon Keating, General Manager of Trintech's Retail Division. "OpenPay 3000 is an integral part of our solutions strategy, combining Linux open-source operating system with full Chip and PIN compliance. OpenPay can be integrated as a standard product or integrated in a custom configuration into OEM manufacturers' systems with minimum development cost and time."

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