TRINTECH 4Q/02

Trintech Group reported revenue for the quarter ending January 31st of
$10.5 million, compared with $15.5 million for the same period on year ago,
a decrease of 32%. Revenue for the fiscal year was $42.9 million, down 37%
from $68.3 million in the prior fiscal year. Fourth quarter software
license revenue remained flat at $5.7 million compared to the third quarter
of fiscal 2003, and decreased 5% from license revenue of $6 million for the
corresponding quarter last year. Fourth quarter product revenue was $2.7
million, a decrease of 61% from product revenues of $6.9 million for the
corresponding quarter last year. Fourth quarter service revenue decreased
by 19% from $2.6 million for the fourth quarter last year to $2.1 million
for the fourth quarter ended January 31, 2003. The company says it has
adjusted its cost base as pro forma operating expenses declined
sequentially by 10% this quarter. Trintech says it is on track for pro
forma profitability in the near term.

Trintech 4Q/02

Trintech Group today reported revenue for the quarter ending January 31st of $10.5 million, compared with $15.5 million for the same period on year ago, a decrease of 32%. Revenue for the fiscal year was $42.9 million, down 37% from $68.3 million in the prior fiscal year. Fourth quarter software license revenue remained flat at $5.7 million compared to the third quarter of fiscal 2003, and decreased 5% from license revenue of $6 million for the corresponding quarter last year. Fourth quarter product revenue was $2.7 million, a decrease of 61% from product revenues of $6.9 million for the corresponding quarter last year. Fourth quarter service revenue decreased by 19% from $2.6 million for the fourth quarter last year to $2.1 million for the fourth quarter ended January 31, 2003. The company says it has adjusted its cost base as pro forma operating expenses declined sequentially by 10% this quarter. Trintech says it is on track for pro forma profitability in the near term. For complete details on Trintech’s latest results visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

CITIBANK PAYWARE

Citibank Card Acceptance has deployed Trintech’s “PayWare Resolve” to
manage charge-backs from all its merchant accounts in Europe. Trintech’s
acquirer charge-back system automates the exception management process from
end-to-end. “PayWare Resolve” combines a powerful decision-support
environment with compliant dispute regulations to enable optimum management
of the entire charge-back process using an easily understood graphical user
interface. The essential difference between “PayWare Resolve” and other
exception management systems is its built-in knowledge of national and
international
charge-back regulations. The charge-back regulations for VISA and
MasterCard/Europay have been encoded into the application so that the
system can recommend the appropriate action and charge-back reason codes
for each case, replacing the need to navigate a series of intricate paper
trails and complex and changing regulations.

PAYWARE ACQUIRER 5.0

Dublin-based Trintech Group has released “PayWare Acquirer 5.0.”
The new version enables any transaction processor to extend their payment
solutions by fully integrating payment processing and acquiring services
with a hosted merchant payment function for businesses that process online,
offline, virtual and physical transactions. “PayWare Acquirer” incorporates
the merchant payment processing function within the payment gateway
application to provide straight through transaction processing, providing
the essential technology infrastructure to take advantage of both B2C and
B2B opportunities in global and electronic commerce.

Payment and Back Office Service Provider, Netgiro, Meets VISA AIS Standards

Dublin-based Trintech Group said that London’s newest luxury hotel has implemented its “PayWare Merchant.” The new London Marriott Hotel Park, which opened in November, is the new flagship hotel of the global hospitality company. The Trintech solution has been specifically designed to offer a fast customer payment experience that can handle multiple payment types from multiple locations, including the Internet and call centers. “PayWare Merchant” provides London Marriott with a fully automated solution that can handle multiple payment types, including a seamless migration to smart cards and PIN-based cards.

TRINTECH EMV PIN-PAD

Dublin-based Trintech Group announced the EMV “Level 2” certification of
its smart card-enabled POS terminal and PINPad solutions. The EMV “Level 2”
certification covers the software aspects of processing a smart card
transaction. Trintech’s EMV software library is certified to EMV standard
and covers both “Static Data Authentication”, and “Dynamic Data
Authentication.” Trintech says a number of customers, such as Wilkinson,
are in the process of integrating its “PayWare SmartPIN” solution in order
to be ready when the Northampton EMV town trial starts in March.

AN POST PINPAD

Dublin-based Trintech Group Plc says An Post, Ireland’s Post
Office Authority, has deployed Trintech’s secure, chip-enabled PINPad
infrastructure
nationally. The new technology enables An Post to offer AIB Bank customers
the facility to carry out banking transactions throughout its network of over
1,000 automated post offices, compared with 280 AIB branches nationally.
The smart card enabled PINPad will also allow the future acceptance of
smart card transactions compatible with the global EMV standard. In
addition to the PINPads, An Post licensed Trintech’s secure key management
software, “PayWare PINPad Manager,” and “PayWare SDK,” a software
development toolkit, to enable An Post to add additional applications for
the PINPads.

TRINTECH BUY-BACK

Trintech Group has secured the final approval of the Irish Takeover Panel
to commence its share buy-back program. The Irish Takeover Panel has ruled
that John and Cyril McGuire are not acting in concert and therefore would
not be required to make a mandatory bid for the Company if their relative
percentage ownership increased following the repurchase by the Company of
its own shares through the buy-back program. This ruling allows Trintech to
start the buy-back program, which is expected to commence in early December
following publication of the Company’s results for third quarter, the
period ended October 31, 2002.

PAYWARE CMS 7.0

Trintech Group announced the launch of “PayWare CMS 7.0.” The new software
includes many new features including: EMV chip compliance;
multi-institution issuing/acquiring support; multi-currency
issuing/acquiring support; support for Internet security standards,
including VISA’s “Verified by Visa” and MasterCard’s “SecureCode/UCAF,” and
a configurable fraud detection module.Both Bankart in Slovenia and Tatra
Banka in Slovakia have deployed “PayWare CMS 7.0.”

TRINTECH BUY-BACK

Trintech Group announced it remains committed to implementing its
previously announced program to buy-back up to $5 million of its shares and
will do so following approval of the Irish Takeover Panel. The company says
it is in the process of securing approval from the Panel to engage in a
buy-back of shares on the open market without triggering the requirement
for the largest shareholders to make a mandatory bid for the Company. One
such rule is that if the percentage ownership of a group of investors
acting in concert owning more than 30% of the share capital increases, the
connected investors may be required to make a mandatory bid for the
Company. John and Cyril McGuire, being brothers, are considered technically
to be acting in concert under the Takeover Panel rules and their relative
percentage ownership would increase as the Company bought back its own shares.

PAYWARE RESOLVE 5.0

Trintech Group announced this week the immediate availability of “PayWare
Resolve IS Version 5.” The new version of Trintech’s dispute resolution
suite includes an improved user interface that enables customers to perform
more flexible searching, initiate bulk operations such as write-offs or
letter generation for selected dispute cases, and export data to external
applications. Other features of the new product include the ability to
customize queues to suit the experience and knowledge of staff. The
essential difference between “PayWare Resolve” and other exception
management systems is its built-in knowledge of domestic, regional and
international chargeback regulations. The chargeback regulations for VISA
and MasterCard/Europay have been encoded into the application so that the
system can recommend the appropriate action and chargeback reason code for
each case, replacing the need to navigate a series of intricate paper
trails and complex and changing regulations.”Resolve IS Version 5″ is Java
based and may be deployed on both Unix and Windows platforms.

PayWare Resolve 5.0

Trintech Group announced this week the immediate availability of “PayWare Resolve IS Version 5.” The new version of Trintech’s dispute resolution suite includes an improved user interface that enables customers to perform more flexible searching, initiate bulk operations such as write-offs or letter generation for selected dispute cases, and export data to external applications. Other features of the new product include the ability to customize queues to suit the experience and knowledge of staff. The essential difference between “PayWare Resolve” and other exception management systems is its built-in knowledge of domestic, regional and international chargeback regulations. The chargeback regulations for VISA and MasterCard/Europay have been encoded into the application so that the system can recommend the appropriate action and chargeback reason code for each case, replacing the need to navigate a series of intricate paper trails and complex and changing regulations.”Resolve IS Version 5″ is Java based and may be deployed on both Unix and Windows platforms.