Trintech Group, a leading provider of secure electronic payment infrastructure solutions, announced that TecniCard is launching the first Central American virtual credit card payment solution, which is powered by Trintech’s NetIssuer/ezCard solution.
Miami-based TecniCard Inc. issues, acquires and processes credit cards on behalf of 25 leading banks in Central America. By harnessing Trintech’s NetIssuer, TecniCard can now offer banks across the region a secure, robust and scaleable consumer Internet payment solution that extends their brands onto cardholders’ desktops.
NetIssuer can allow issuers to increase card transaction volume, create and extend relationships with cardholders, improve risk management and improve brand reach.
“Trintech has provided us with a powerful virtual card solution that broadens the Issuers’ brands and allows them to take advantage of new e-commerce business opportunities,” says Oscar Galvez, General Manager at TecniCard.
“The demand from Issuers to migrate their brands to the desktop will continue to expand as e-commerce takes root in Central America.” He adds, “TecniCard is bringing the latest technology to its banks.”
“Central American banks are rapidly adopting the infrastructure needed to become significant players in the e-commerce space,” says John Harte, EVP of Global Sales, Marketing and Services at Trintech.
“TecniCard is offering its customers a unique competitive advantage to stay ahead of the curve by blending the virtual and physical worlds with one payment card that operates on a variety of platforms, from PCs to mobile phones and beyond.”
NetIssuer is a server-based solution that resides at the issuer and allows for the rapid distribution of virtual credit cards “ezCard” to new and existing cardholders. By using ezCard, consumers derive all the benefits of shopping on the Internet, plus a host of added advantages, including automatic form filling of e-merchant payment pages, improved security and access to other financial services.
NetIssuer can provide card issuers with four unique benefits:
— Increased Revenue through greater card volume
— Strengthened Relationships with new and existing customers
— Significantly improved Risk Management
— An extension of the Issuer’s brand Reach onto the Internet beyond PCs to PDAs, cell phones, etc.
About TecniCard, Inc.
Founded in Miami in July 1992, TecniCard provides credit and debit card processing services to several banking institutions in Central America and in Miami. Also, TecniCard through its subsidiaries in Nicaragua, Costa Rica, Guatemala (PREMIACARD), El Salvador (PROCARD) and Honduras (PROCARD), offers merchant processing services.
Its processing infrastructure covers almost all countries from Panama to Belize, including ATM Networks in Nicaragua and Honduras. During the first quarter of this year, TecniCard will also open a processing facility in the Dominican Republic, where one of its major merchant customer PriceSmart will be opening two stores.
TecniCard, Inc., main office is located at 1110 Brickell Ave., Suite No. 601, Miami, Fla. 33131 Tel: 305/358-7780. TecniCard can also be contacted on the Web at .
Founded in 1987, Trintech Group PLC is a leading provider of secure electronic payment solutions for card-based transactions in the physical world and over the Internet.
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.