Business Services Industry

Trintech Announces Two New Appointments to Advisory Board; Former VISA Asia-Pacific President/CEO and Former Bank of Ireland Executive Join Secure ePayments Leader

Business Wire, April 30, 2001

Business Editors/Technology Writers

SAN MATEO, Calif. & Dublin, Ireland--(BUSINESS WIRE)--April 30, 2001

Trintech Group Plc (Nasdaq:TTPA)(Neuer Markt:TTP), a leading provider of secure electronic payment infrastructure solutions for the real world, internet and wireless transactions, today announced the appointment of Mr. Dennis Goggin and Mr. Paddy Byrne as Regional Directors representing Asia Pacific and Europe on the Advisory Board of Trintech Group Plc.

Mr. Goggin joins Trintech after nearly three decades of successful international banking assignments with Chase Manhattan. He previously served as President and CEO of VISA International/Asia Pacific Region. His extensive payment and card association experience will be invaluable to the Trintech team. In addition, he brings extensive Asia Pacific market knowledge as a result of his highly visible campaign to position Visa as the charge card and debit card leader in the Asia Pacific Region. In his Advisory Board role, Dennis will focus and concentrate Trintech on ePayment developments and progress in Asia Pacific.

Mr. Byrne joins Trintech after thirty years of banking, card and payment systems experience. He was the former Head of Payments, Credit Card, Electronic Business and Information Systems in Bank of Ireland for more than twenty years. In addition, his external financial services roles have included Chairman of the Irish Payment Services Organization and Irish Banks Nominee on the European Payment Strategy Group. He also served on the VISA Advisory Board and the Europay Regional Board for a number of years. In his Advisory Board role, Paddy will focus on the dynamics in the European bank card market and the evolving security standards and protocols in the Region.

"Trintech is very fortunate to have two such highly regarded and well-respected executives joining the Advisory team," said Cyril McGuire, Executive Chairman. "The addition of Paddy and Dennis as Regional members of our Advisory Board comes at an important time in our global growth," added McGuire. "Given the current state of the global economy, seasoned individuals with comprehensive payment knowledge of strategically important regions like Asia Pacific and Europe are very important to us as we move to solidify our global leadership position in online card payment, eCommerce and mCommerce product offerings."

Commenting on the Advisory Board appointments Ed Jensen, Advisory Board Chairman said, "I am delighted to welcome Dennis and Paddy on board and am assured that their vision and payment industry knowledge will benefit Trintech in it's mission to be the leading global provider of secure ePayment infrastructure solutions. Our Advisory Board is a dynamic and proactive group of payment specialists and I have no doubt that it will be further supported and enhanced by Dennis and Paddy's appointments."

About Trintech

Trintech is a leading provider of secure electronic payment infrastructure solutions for real world, Internet and wireless transactions. The company, 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 covers the payment requirements of consumers, card issuing banks, merchant acquiring institutions, merchants, eMerchants, telcos, wireless operators, ISPs/CSPs, Portals and large corporations. The Group's range of scalable, open systems architecture solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant and financial institution requirements for all card-based payments, including eCommerce and the emerging world of mCommerce.

Trintech can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94403 (Tel: 650-227-7000) and in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: 353-1-207-4000). The ReconNET division of Trintech can be contacted at Trintech Inc., 15851 Dallas Parkway, Suite 940, Addison, TX 75001 (Tel: 972-701-9802). Trintech can be reached on the Web at http://www.trintech.com. Investor information can be found at www.trintech.com/investor.> This announcement 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 growth of banking application solutions, the ability of customers to fulfill their commitment to adopt Trintech's business-to-business enterprise reconciliation and research platform, the availability of financial resources to continue investment in research and development and sales and marketing programs, Trintech's ability to develop, market and sell ReconNET solutions. Actual performance may also be affected by other factors more fully discussed in Trintech's Form 20-F and Form 6-K for the quarter ended October 31, 2000 filed with the US. Securities and Exchange Commission.