TTPA Trintech (MM)

Global Travel Company to Use ReconNET to Automate Reconciliation Workflow and Mitigate Risk LONDON and DUBLIN, Ireland, Feb. 21 /PRNewswire-FirstCall/ -- Trintech Group Plc (NASDAQ:TTPA), a leading provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide, today announced that Stella Travel Services has selected Trintech's ReconNET to automate a wide range of reconciliation and revenue assurance processes, within their Travelbag and Travel2 airline ticket sales operations. The implementation of ReconNET will enable the company to validate daily flight ticket sales and manage exceptions between their internal systems, external Global Delivery Systems (GDS), Amadeus, Galileo, and IATA's Billing and Settlement Plan (BSP). Stella Travel Services is a division of the Stella Group, the largest integrated travel company in Australia and New Zealand with over 15,000 rooms under management and over 1,400 retail and corporate travel outlets worldwide. In mid 2007, Stella Travel Services acquired United Kingdom-based Travelbag, a leading mid- and long-haul travel specialist. "Trintech's ReconNET solution can handle a wide range of very complex multi-stage reconciliations and proved to be the best fit for our requirements. It was the only solution that could handle our developing needs, and is proven in the UK Travel industry amongst other leading players," said Joginder Bhogal, Finance Director, Stella Travel Services. "ReconNET will underpin a range of revenue assurance and service related processes, including daily flight ticket sales validation, monthly billing and settlement processes, and exception management between our Agents and the Airlines through its powerful workflow capability." Trintech's ReconNET will provide Stella Travel Services with the ability to completely automate workflow to improve auditability and compliance; real-time, high-volume matching; general ledger integration; and research features that automate the escalation of exception items and report on unresolved disputes. "We're delighted that Stella Travel Services has selected ReconNET to gain more financial control while enabling corporate growth," said Tony Bethell, VP EMEA for Trintech. "Our fully-integrated solution for reconciliation and data delivery will give them an advantage in the highly-competitive travel market by providing more efficiency, reduced costs, and effective cash controls." About Stella Travel Services Stella Travel Services is a division of Stella Group, an integrated travel company, the largest in Australia and New Zealand, with support from a worldwide network. Stella Group has extensive operations in each part of the travel value chain, from product supply (accommodation) to the wholesaling and retailing of travel services. Stella Hospitality Group focuses on controlling and supplying accommodation products, and Stella Travel Services provides a total travel solution from retailing through wholesaling, ticketing and buying consolidation, as well as ancillary services such as insurance and foreign exchange. For more information on the Stella Group, visit http://www.stellagroup.com.au/ and for more information on Travelbag, visit http://www.travelbag.co.uk/. About Trintech Group Trintech Group Plc (NASDAQ:TTPA) is a leading provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech's recognized expertise in reconciliation underpins its suite of financial governance solutions, enabling businesses to address critical business objectives leading to more informed decision making and better overall business performance. Over 500 leading global organizations, including -- North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer's Insurance Group, YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren -- realize the benefits of Trintech's configurable and highly scalable solutions everyday to: improve performance through stronger management of the revenue cycle and disbursements; ensure the accuracy and integrity of financial data; identify and reduce transaction risk; improve the quality and timeliness of financial reporting; and strengthen internal controls to support compliance requirements. For more information on how Trintech can help you gain greater visibility and control of your critical financial processes, please contact us online at http://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 Press Contact: Dallas: Donna Martinez, Marketing Communications Manager, Trintech Tel. +1 972 739 1611. email: Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Tony Bethell http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=70963 DATASOURCE: Trintech Group Plc CONTACT: Donna Martinez, Marketing Communications Manager of Trintech, +1-972-739-1611, Web site: http://www.trintech.com/ http://www.stellagroup.com.au/ http://www.travelbag.co.uk/

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