San Mateo, CA / Dublin, Ireland - October 9, 2001 - Trintech Group Plc (NASDAQ: TTPA: Neuer Markt: TTP), a global provider of secure electronic payment infrastructure solutions, today announced the launch of ReconNET 6.0, the latest version of the leading deposit verification and reconciliation solution used by 270 of the world's leading corporations. ReconNET 6.0 harnesses the latest advances in database and application technology resulting in a fivefold improvement in performance while providing greater efficiencies for automated reconciliation.
ReconNET 6.0 includes accelerated search and interactive reconciliation capabilities and a number of enhanced features such as bank-to-book reporting improvements, advanced fiscal calendar capability, improved ease-of-use, enhanced administrative tools and more.
"Increasing system performance and providing users with the most advanced and flexible reconciliation capability are our main objectives with ReconNET 6.0," said Tom DeLany, director of product management and marketing in the Funds Management Systems Division at Trintech. "With this exciting new version, we are introducing industry-leading innovations in automated reconciliation to the marketplace while continuing to deliver on our commitment to efficiency and reliability that has made ReconNET the industry standard."
ReconNET 6.0's powerful new feature set provides companies with significant productivity improvements and enables them to tighten cash controls, reduce bank fees, decrease idle balances and effectively communicate positions with their various bank and field locations. ReconNET 6.0 also integrates seamlessly with existing IT environments and can automate reconciliation for debit cards, credit cards, gift cards, and disbursements, while providing easy-to-use research and resolution tools for outstanding items.
Among the more than 270 leading organizations using ReconNET are such well-known companies as Sears, Target Corporation, Eddie Bauer, The Limited, Radio Shack, Foot Locker, Best Buy, Hallmark Cards, Verizon Wireless, Sprint PCS, Kroger, AMC Theaters, Ford, Budget Rent a Car, Outback Steakhouse, Burger King, Wendy's, Jack in the Box, and many others.