New Healthcare Business Group to deliver Next-Generation Claim to Payment Transaction Reconciliation and Exception Management Solutions for Healthcare Claims Dallas, Texas/Dublin, Ireland – 19 June, 2006 – Trintech Group Plc (NASDAQ: TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced the formation of its Healthcare Business Group, a strategic business unit that will help healthcare providers, payers and financial institutions optimize the Claim to Payment Transaction Process, including transaction reconciliation and workflow management of exceptions. Trintech’s product solutions, including ReconNET, AssureNET GL, and Bank Fee Analysis, are already used by many prominent healthcare organizations, including UMPC Health System, UnitedHealth Group, Adventist Health System, University of Missouri Health Care and Wellpoint Health Networks. Trintech will consolidate its healthcare know-how and technology solutions under the leadership of Ed Gallo, who will serve as the Senior Vice President of the Healthcare Business Group. Gallo joins Trintech from NDCHealth, where he ran the Hospital Services Division. This division provided Revenue Cycle Management solutions to 1,800 hospitals and other healthcare providers. Prior to joining NDCHealth, Gallo was COO of Caresoft, a successful start-up company focused on providing consumer marketing services to the pharmaceutical industry. Gallo has also held senior management positions at SmithKline Beecham, Quest Diagnostics and Becton Dickinson and Company. “Trintech’s decision to establish a Healthcare Business Group reflects our determination to leverage our product set to markets where there is a clear and growing demand for solutions which improve reconciliation processes, strengthen internal controls and provide strong exception management capability,” said Paul Byrne, President of Trintech. “We’re pleased to have Ed lead this strategic business unit. He comes to us with a strong background in the Healthcare industry and with a reputation for leadership and execution.” “Trintech’s unique approach to transaction management and the investment in its next generation technology platform will benefit healthcare providers, payers, financial institutions and other service providers to the Healthcare Industry and allow us to build on our early customer successes in the Healthcare market.” said Ed Gallo.
About Trintech FMS Trintech Funds Management Systems (FMS), a division of Trintech Group, provides comprehensive, industry-leading solutions, specializing in transaction verification, reconciliation, process management and compliance. Trintech’s suite of products includes the ReconNET reconciliation product suite, AssureNET GL for managing general ledger reconciliation and compliance, Treasure eNET – an ASP hosted treasury workstation, Bank Fee Analysis, and the DataFlow Transaction Network for data collection and delivery. Trintech?s solutions are optimizing performance in over 400 leading companies in the banking and finance, convenience store and grocery, entertainment, hospitality, insurance, restaurant, retail, telecommunication, and utility industries. Clients include: Bank of America, 7-Eleven, Kroger, Regal Entertainment, Accor, Farmer?s Insurance Group, YUM! Brands Restaurants, Radio Shack, Verizon Wireless, and Ameren. The FMS division is headquartered in Dallas, Texas. For more information call 972-701-9802.
About Trintech Group Trintech Group is a leading provider of transaction reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally. Built on 19 years of experience, Trintech?s solutions manage each area of the payment transaction cycle from authentication, authorization, settlement, dispute resolution and reconciliation enabling its customers to reduce transaction costs, eliminate fraud, minimize risk, maximize cashflow and increase profitability. Trintech can be contacted in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: +353 1 2074000), in the US at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802), in Uruguay at Technology & Business Park, Zona America – Ruta 8 Km. 17.500, Of. 006 – Local 310, ZIP 91.600, Montevideo (Tel: + 598 2 518 2250), and in the UK at The Colonnades, Beaconsfield Close, Hatfield, Hertfordshire, AL10 8YD (Tel: +44 1707 632900) Trintech Press Contacts: Dallas: Donna Martinez, Marketing Communications Manager, Trintech, FMS. Tel: +1 972 739 1611 Email: donna.martinez@trintech.com