Trintech Group Plc (Nasdaq: TTPA), a leading provider of financial software and technology services specializing in transaction verification, reconciliation management, process automation, and compliance, today announced the availability of ReconNET 7.3. The newest version of Trintech's reconciliation and account balancing application dramatically increases the security of credit card and/or personal data (e.g., Social Security number) through encryption, and provides the ability for businesses using ReconNET to pass the most stringent PCI audit.
Threats to credit card and other sensitive data come from sources inside and outside of a company's firewall. Almost daily, the news reveals the latest compromise of sensitive data. Consequently, various industry standards have been set in place, as well as government mandates, requiring businesses to protect electronic information. Trintech's ReconNET 7.3 provides multi-levels of security to protect sensitive data and gives administrators the ability to measure, manage and reduce security risk, and comply with the foremost industry standard -- the Payment Card Industry (PCI) Data Security Standard.
"For 20 years Trintech has focused on standards and industry concerns. We have observed industry trends, listened to the issues of over 400 customers, and evaluated the technology that enables our customers' organizations," said John Harte, General Manager for Trintech. "We understand what matters, what is required, and what works. With ReconNET 7.3, we're adding maximum value to
our customers' organizations by ensuring the security of sensitive data in compliance with the industry PCI standard."