Trintech Announces New Release of LCM Payments for Account Reconciliation and Positive Pay
Trintech’s LCM Payments Version 1.7 Presents a Distinct Competitive Advantage for Financial Institutions by Providing Fully Inte
Dallas, TX / Dublin, Ireland - July 7, 2008
Trintech Group Plc (NASDAQ: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced the latest release of its innovative Lifecycle Management (LCM) Payments solution for financial institutions. LCM Payments is a .NET browser-based account reconciliation and positive pay solution that enables financial institutions to provide their clients with a diverse range of real-time capabilities, based on customer-specific business requirements, while consolidating multiple existing systems into a single integrated platform. LCM Payments supplements other treasury management services solutions with advanced fraud prevention technology to provide clients with complete visibility into the status of their payments.
LCM Payments 1.7 seamlessly integrates into a financial institution’s existing IT and payment system infrastructure delivering industry-leading features, including:
| Feature: | Benefit: |
|---|---|
| Positive Pay: | Provides customers of financial institutions with an effective deterrent to fraud |
| LCM Dashboard: | Provides an easily accessible web gateway for the customers of financial institutions to upload / download files or reports, search payments, etc. |
| Teller Positive Pay: | Expands revenue for financial institutions and provides a front-line defense against fraud |
| Partial Deposit Recon: | Expands revenue for financial institutions by allowing customers to easily identify deposits by location |
| File Management Console: | Enables a financial institution to easily monitor the uploading, conversion, and loading of customer-provided issue, stop, and void data |
| Report and Extract Reporting: | Facilitates a financial institution’s rapid setup and deployment of reports and extracts to customers based upon assigned services (e.g., partial recon, full recon, positive pay, teller positive pay, and partial deposit recon) |
Michael Campbell, Executive Vice President for Bank of Nevada, said, “With this version of LCM Payments, the Bank of Nevada will be able to provide new, value-added treasury management services to existing clients. We’re already attracting new corporate clients through LCM Payment’s truly unique capabilities.”
LCM Payments allows financial institutions to offer their clients customized workflows for exceptions, statuses, and payment actions. The web front-end eliminates the limitations inherent in existing on-line positive pay and account reconciliation treasury management offerings. Additionally, the solution increases the relationship value between available legacy solutions and LCM Payments’ industry-leading features and functionality.
“By creating internal efficiencies, LCM Payments reduces IT and operational costs for financial institutions,” said Kevin Connelly, Senior Vice President and Managing Director, the Financial Service Group, Trintech. “Our goal is to strengthen the solution’s value proposition to financial institutions and their corporate clients with each round of development. Today, with LCM Payments, a financial institution can increase service levels and generate incremental revenue, while reducing related operating costs.”
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.
Trintech • 15851 Dallas Parkway, Suite 900 • Addison, TX 75001 • Tel 1 972 701 9802
Trintech UK Ltd. • Warnford Court, 29 Throgmorton St. • London EC2N2AT, UK • Tel +44 (0) 20 7628 5235
Trintech Technologies • Block C, Central Park • Leopardstown, Dublin 18, Ireland • Tel +353 1 293 9840
Trintech • Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507 474
Trintech Press Contact:
Dallas: Donna Martinez, Marketing Communications Manager, Trintech
Tel. +1 972 739 1611. email:donna.martinez@www.trintech.com
Published Monday, July 7th, 2008 and filed under Products
