Trintech Partners with Dresser Wayne to Bring Next Generation of Secure Pay-at-Pump Solutions to the Fuel Retail Market
Trintech and Dresser Wayne introduce a range of forecourt payment solutions incorporating Dresser Wayne's pay-at-pump expertise and Trintech's certified payment security technology.
BIRMINGHAM, UK -- (MARKET WIRE) -- 03/20/2006 -- IFFE 2006 at NEC
IFFE 2006 at NEC Birmingham, UK - 20 March 2006 - Trintech Group Plc (NASDAQ: TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced a partnership with Dresser Wayne, a global leader in forecourt automation and petroleum systems, to supply the fuel retail market with a range of forecourt payment technology products that support the latest EMV smart card and PCI terminal security standards. Dresser Wayne partnered with Trintech to integrate Trintech's OpenPay EMV and PCI security into the new Dresser Wayne PT 4000 EMV pay-at-pump terminal. This solution was recently granted Visa's PCI Certification for its encrypting PIN Pad (EPP) technology - the first EPP class device to win Visa's approval. Trintech will also license its PayWare software to Dresser Wayne to streamline the rollout and management of pay-at-pump systems by fuel retailers globally.
The PT4000 EMV is being launched at this week's International Fuel and Forecourt Equipment Show (IFFE) 2006 in Birmingham March 19 - 22. It incorporates the recently launched Trintech OpenPay UPT 4000 to securely handle payments from chip, magnetic stripe and contactless cards via an optional integrated RFID wireless reader, which supports payment schemes such as Visa Wave and MasterCard PayPass. Dresser Wayne is marketing the PT 4000 EMV terminal to fuel retailers and system integrators globally with particular focus on regions in Europe, Latin American and Asia that are migrating to EMV chip and PIN and PCI.
In countries where pay-at-pump usage is already high such as the Nordic region, Benelux, Italy and Canada, the deployed terminal base needs to be upgraded to accept new EMV chip and PIN cards. For countries with lower pay-at-pump usage such as the UK and Germany, the roll-out of EMV presents an opportunity to introduce pay-at-pump services without increasing the risk of losses due to fraud or drive offs.
"Dresser Wayne has pioneered the concept of self service fuelling and payment at the pump and has deployed over 170,000 pay-at-pump terminals worldwide," said Stefan Kristensson, Product Manager, Payment for Dresser Wayne Pignone. "EMV and PCI compliance is becoming a mandatory requirement for fuel retailers in most territories and is driving new and replacement business. We chose to integrate Trintech's PayWare technology into our product offering because our customers need security and Trintech has shown itself to be an expert in this field."
The Dresser Wayne PT 4000 EMV has an open software API allowing fuel retailers to link the terminal with their existing forecourt architecture. The terminal also has a compact design, allowing it to fit inside all major pump enclosures on the market. Dresser Wayne is packaging the PT 4000 EMV as a retrofit solution for existing pump heads and as an integrated module in new Dresser Wayne pumps.
Under the partnership agreement, Dresser Wayne will also license Trintech's PayWare EMS software allowing fuel retailers to remotely manage their entire pay-at-pump terminal estate from a central location. PayWare EMS manages the secure downloading of software to each terminal across the store network allowing the terminals to be updated remotely with new loyalty card programs, contactless payment applications or terminal security keys.
"Trintech is focused on developing secure unattended payment solutions and we are delighted to announce our partnership with Dresser Wayne to provide the fuel retail market with new and exciting products." said Eamon Keating, General Manager of Trintech's Payments Division, "The latest EMV and PCI security standards present fuel retailers with an opportunity to attract more motorists to pay-at-pump while lowering the threat of fraud from lost or stolen cards. Partnering with Dresser Wayne reaffirms our strategy to bring secure payment to the fuel retail market and we look forward to many successful projects together in the future."
Images of the Dresser Wayne PT 4000 EMV are available on www.openpaynews.com, Trintech's dedicated unattended payments resource site, providing the latest news, information and updates on pay-at-pump, vending and kiosks.
Visit Trintech at IFFE 2006, Stand G31, Hall 20, at the NEC in Birmingham, UK.
About Dresser Wayne PT 4000 EMV
The Dresser Wayne PT 4000 EMV pay-at-pump terminal is targeted at petrol stations, convenience stores and supermarkets that need a compact, powerful pay-at-pump terminal that is compliant with the latest terminal security standards and technologies. The product has a 5OE -inch color-display with ATM-style selection keys that make the terminal easy to use. The terminal also has a LAN network interface allowing the retailer to direct messages to the terminal display while the motorist is filling-up. The Dresser Wayne PT 4000 EMV uses rugged components and has a durable housing to ensure the terminal can withstand the harsh conditions encountered on an outdoor forecourt. The design is also ultra compact, allowing it to fit inside the major pump enclosures on the market. With built in RFID wireless reader providing integrated support for contactless payment schemes such as Visa Wave and MasterCard PayPass, fuel retailers who select the PT 4000 EMV will be equipped to meet the expected demand for contactless card acceptance.
Trintech 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), and in the UK at The Colonnades, Beaconsfield Close, Hatfield, Hertfordshire, AL10 8YD (Tel: +44 1707 632900). www.trintech.com
About Dresser Wayne
Dresser Wayne, headquartered in Austin, Texas, is one of the largest business units of Dresser, Inc., and is an industry pioneer for the retail fueling industry. Among its innovations, Dresser Wayne was the first to introduce self-service consoles and fuel blending dispensers to service stations, in-pump card readers and cash acceptors, in-pump radio frequency identification payments systems and dispenser-mounted touch screen payment/communication systems. In addition, Dresser Wayne designs and markets software systems that enable its retail fueling customers to manage the convenience store aspects of their businesses more efficiently, including inventory control, price book management, labor management and site administration. The company's website is www.wayne.com.
Trintech Press Contacts:
Jackie Seear, The Verbal.
Tel.: 01932 247 294. Mobile. 07739 170 663.
Tina Singh, Marketing Executive, Trintech Group Plc.
Tel. +44 1707 632 936.
Dresser Wayne Press Contact:
Paul De la Port, Director of Marketing, EMEA
Tel. +39 (055) 303 9274, email: Paul.DeLaPort@Wayne.com