Trintech Introduces Innovative Lifecycle Management and Positive Payments Solution for Financial Institutions and Corporations at Sibos 2008
Developed using Microsoft technology, Account Reconciliation and Positive Pay Offering is Part of an Integrated Financial Governance Application Suite
Dallas, TX / Dublin, Ireland – Trintech Group Plc (NASDAQ: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today attended the 2008 Sibos Conference in Vienna to promote its innovative LCM Payments solution developed using Microsoft technology.
LCM Payments is a browser-based account reconciliation and positive pay solution providing financial institutions and their corporate customers with a wide range of real-time capabilities, including fraud prevention and advanced decision-making tools for enterprise payment processing lifecycles.
“Trintech is proud to offer Sibos 2008 attendees a demonstration of the most configurable account reconciliation and positive pay solution on the market,” said Kevin Connelly, Senior Vice President and Managing Director, the Financial Service Group, Trintech. “LCM Payments supports advanced reconciliation and workflow based upon each customer’s unique business environment – including support for the SWIFT messaging format being discussed at Sibos 2008.”
Based on Microsoft .NET framework, LCM Payments provides financial institutions with the flexibility they need to create custom workflows for exceptions, statuses and payment actions – benefiting corporate finance departments seeking to improve operational efficiencies and tailor payment processing controls to meet specific compliance goals. An intuitive web interface eliminates the limitations seen in mainframe-based positive pay and legacy account reconciliation solutions. Furthermore, being on the .NET framework means that clients can also take advantage of Microsoft’s SWIFT integration and business intelligence products.
“Increasingly, businesses are looking for solutions allowing them to do more with existing technology investments. At the same time, they demand configurable solutions that fit into a long term technology strategy and provide enhanced business process management,” said Sheida Hadji-Ashrafi, WorldWide Industry Manager for Payments, at Microsoft. “Microsoft .NET enables firms to develop applications that deliver rich user experiences using a secure, reliable platform that is scalable and also supports further business process integration using Microsoft’s BizTalk Server and SQL Server products. Combined with Trintech’s LCM Payments, businesses will benefit from a cost effective and agile solution that gives them complete visibility into the status of their payments anywhere and anytime they need to”.
LCM Payments is part of Trintech’s comprehensive suite of transaction management, compliance, and financial governance applications spanning the financial lifecycle. Based upon a process-centric, workflow-based approach to finance, Trintech solutions help organizations coordinate efforts across the enterprise for increases in efficiency, reductions in cost and improvements in financial transparency.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech’s recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
Over 600 leading global organizations realize the benefits of Trintech’s configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer’s Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.
Trintech’s technology enables our customers to ensure their internal financial processes are optimized, improve performance through stronger management of revenue and cost cycles, ensure the accuracy and integrity of financial data, improve the quality and efficiency of the financial close process, as well as reduce the risk of material weaknesses and restatements.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
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