Dublin, Ireland and San Mateo, Calif. - January 14, 2002 - Trintech Group Plc (NASDAQ: TTPA: Neuer Markt: TTP), a global provider of secure payment infrastructure solutions, announced today that Unibanco, one of Brazil's largest banks, has selected PayWare eIssuer to power its recently launched "NumClique" online payment service.
As part of the agreement, Unibanco has deployed Trintech's PayWare eIssuer solution to provide Brazilian cardholders and Unibanco's 10.9 million retail banking customers and 5.8 million cardholders with a virtual payment tool that enables secure Internet purchases on thousands of websites worldwide. PayWare eIssuer's technology guides the user through the online shopping experience with intuitive 'drag and drop' technology that can reduce the purchasing time by over 60 percent. With consumers citing convenience and security as their two priorities for Internet shopping, PayWare eIssuer protects the user's identity with password protection, encryption and compliance with card organizations' standards.
"We are delighted with the roll-out of our NumClique service as it adds convenience and security for our customers that want to shop on the Internet," said Geraldo Travaglia, executive director of Unibanco's Internet Department. "With PayWare eIssuer from Trintech we are able to provide our customers with the types of services they expect from a world-class bank."
Trintech's PayWare eIssuer integrates with Unibanco's Card Management System to improve efficiencies as well as providing a host of new services to cardholders. The NumClique wallet provides robust logic for blocking and unblocking credit cards, debit cards and virtual credit cards, while providing access to on-line services such as bank statements, credit limits and payment of bills. Additionally, Unibanco cardholders can update information once through the NumClique wallet and that information is passed to other Unibanco systems. Unibanco's NumClique stores and maintains all of the eCard data, such as the user's name and card number, expiration date, name of the service provider and security code (CVV) and personal details about the customer. It also allows the cardholder to maintain their favorite links and provides additional promotional offers for eCard holders.
"Unibanco has been a leading bank in Brazil for many years and the roll-out of its NumClique service will ensure it stays ahead of the technology curve and maintain its market leadership," says Trevor Healy, EVP of Trintech's ePayments Division. "The endorsement of one of Latin America's leading banks, coupled with the encouraging data from online purchases during the holiday period, prove that PayWare eIssuer is a technology which meets the requirements of the ever changing payment landscape."
About Trintech's PayWare eIssuer Solution
PayWare eIssuer is a complete consumer payment solution. This convenient and secure payment tool can reside on a desktop PC, PDA or any other mobile device and can support any payment card type.