TRINTECH AND BALTIMORE TECHNOLOGIES PARTNER TO DELIVER ENHANCED SECURE
EPAYMENT SOLUTIONS FOR MOBILE COMMERCE
SAN MATEO, Calif./DUBLIN, Ireland - May 31, 2000 - Trintech Group PLC
(Nasdaq: TTPA; Neuer Markt: TTP), a leading provider of secure electronic
payment infrastructure solutions, and Baltimore Technologies (Nasdaq: BALT;
London: BLM), a global leader in e-security solutions, today announced a
strategic partnership to jointly develop the next generation of ePayment
solutions with enhanced security for mobile commerce.
The partnership will ensure that consumers, telcos, merchants and banks can
use open networks for secure mobile commerce by combining Baltimore's award
winning e-security products with Trintech's multi-currency, multi-platform
ePayment technology. As part of the partnership, Trintech will integrate
Baltimore Telepathy wireless e-security products into Trintech's PayWare
eIssuer virtual credit card solution to enable secure, authenticated
wireless payments. The Baltimore Telepathy family of wireless e-security
products is designed to enable secure mobile Commerce via a range of current
and future technologies, including WAP.
The complete integration of Baltimore Telepathy technology into PayWare
eIssuer will allow consumers to pay using their cell phone with "one touch"
convenience and enjoy enhanced security during the purchasing experience. In
addition, the use of Baltimore's wireless e-security in Trintech's eIssuer
virtual credit card technology guarantees proof of users' identities when
they shop on the Internet using their cell phones.
In addition to integrating Baltimore's wireless e-security technology into
PayWare eIssuer, both companies have agreed to joint marketing efforts to
promote the partnership, as well a significant technical skills transfer
program that will ensure compatibility between the two companies' product
lines. Trintech will also incorporate Baltimore's e-security products into
its offering as part of the Baltimore TrustedWorld partner program.
More
Trintech and Baltimore Form Strategic Partnership
Page 2 of 3
"All Internet payment technology requires security in order to guarantee the
authenticity of users and privacy of transactions. Baltimore's technology
excellence, global footprint and strong service offering makes us an ideal
partner for Trintech to enable the provision of secure payment
infrastructures. Both Baltimore and Trintech have demonstrated early
leadership in mobile commerce and this partnership further demonstrates the
commitment of both companies to the market," commented Aidan Gallagher,
executive vice president of global business development at Baltimore
Technologies.
"Harnessing the enormous potential of mobile commerce is a priority for
Trintech," says John Harte, Executive Vice President of Global Sales,
Marketing and Services at Trintech. "By partnering with a leader in trust
services, such as Baltimore Technologies, we are now able to deliver to our
customers a suite of payment products that deliver unparalleled levels of
convenience and flexibility with greatly enhanced security that will smooth
the transition from Internet to mobile commerce."
About Trintech
Trintech Group PLC is a leading provider of secure electronic payment
infrastructure solutions for real world, Internet and wireless transactions.
The company, which was founded in 1987, offers a complete range of payment
software products for credit, debit, commercial and procurement card
applications. Trintech's secure product range is deployed in over 35
countries worldwide and cover the payment requirements of consumers, card
issuing banks, merchant acquiring institutions, merchants, eMerchants,
telcos, wireless operators, ISPs/CSPs, Portals and large corporations.
Trintech's range of scalable, open systems architecture solutions for UNIX®
and Windows NT(tm) platforms covers consumer, merchant and financial
institution requirements for all card-based payments, including e-commerce
and the emerging world of mobile commerce. Trintech can be contacted in the
U.S. at 2755 Campus Drive, San Mateo, CA 94003 (Tel: 650-227-7000) and in
Ireland at Trintech Building, South County Business Park, Leopardstown,
Dublin 18 (Tel: 353-1-207-4000). Trintech can be reached on the Web at
http://www.trintech.com. Investor information can be found at
www.trintech.com/investor.
About Baltimore Technologies
Baltimore Technologies develops and markets security products and services
to enable companies to develop trusted, secure systems for e-business, the
Internet and mobile commerce. Its products include a wide range of Public
Key Infrastructure (PKI) systems, wireless e|security solutions,
cryptographic toolkits, security applications and hardware cryptographic
devices. Baltimore's global professional services organization offers a wide
variety of consulting, training and deployment support to its customers
worldwide. Baltimore Technologies markets and sells its solutions worldwide
directly and through the TrustedWorld(tm) channel program. TrustedWorld
includes many of the world's leading technology companies and a wide variety
of global, regional and local business alliance partners.
Baltimore Technologies employs over 700 people worldwide and operates from
over 20 cities with headquarters in Dublin, Ireland; London, UK; Boston, USA
and Sydney, Australia. Baltimore Technologies plc is a public company with
dual listings on NASDAQ (BALT) and the London Stock Exchange (BLM). Intel
Corporation is a minority shareholder in the Company. Baltimore Technologies
made e-commerce history in 1998 when President Clinton and Ireland's Prime
Minister Ahern digitally signed an inter-governmental communiqué using
security technology provided by Baltimore. For further information and press
releases on Baltimore Technologies, please visit http://www.baltimore.com
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Trintech and Baltimore Form Strategic Partnership
Page 3 of 3
This press release may contain "forward looking statements" within The
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Any "forward
looking statements" in this press release are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those stated. Factors that could cause or contribute to such differences
include the ability to develop, market and sell its e-commerce software, the
market acceptance of the SSL or SET standards for e-commerce payment
transactions, its ability to effectively respond to future changes in the
e-payment software market and, in particular, the market acceptance of eVia
2000 terminals. Actual performance may also be affected by other factors
more fully discussed in Trintech's Form F-1and Form 6-K for the quarter
ended January 31, 2000 filed with the US. Securities and Exchange
Commission.
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**************************************************
Best Regards,
Kip E. Meintzer
_____________________________________
Kip E. Meintzer
Director of Investor Relations
Trintech PLC.
Nasdaq: TTPA | Neuer Markt: TTP
2755 Campus Drive
STE 220
San Mateo, CA 94403
eMail: kip@trintech.com
Phone: +1 (650) 227.7044
Mobile
USA: +1 (925) 963.5799
EUR: +353 (87) 638.0163
http://www.trintech.com
http://www.epaynews.com
PayWare EveryWhere!
"There is no wisdom like frankness."
Benjamin Disraeli
This email should be considered as personal and does not necessarily reflect
the views of Trintech or any of it's employees or officers
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