Trintech Group PLC (Nasdaq:TTPA)(Neuer Markt:TTP), a leading provider of secure electronic payment infrastructure solutions, and Baltimore Technologies (Nasdaq:BALT)(London:BLM), a global leader in e-security solutions, today announced a strategic partnership to jointly develop the next generation of ePayment solutions with enhanced security for mobile commerce.
The partnership will ensure that consumers, telcos, merchants and banks can use open networks for secure mobile commerce by combining Baltimore's award winning e-security products with Trintech's multi-currency, multi-platform ePayment technology. As part of the partnership, Trintech will integrate Baltimore Telepathy wireless e-security products into Trintech's PayWare eIssuer virtual credit card solution to enable secure, authenticated wireless payments. The Baltimore Telepathy family of wireless e-security products is designed to enable secure mobile Commerce via a range of current and future technologies, including WAP.
The complete integration of Baltimore Telepathy technology into PayWare eIssuer will allow consumers to pay using their cell phone with "one touch" convenience and enjoy enhanced security during the purchasing experience. In addition, the use of Baltimore's wireless e-security in Trintech's eIssuer virtual credit card technology guarantees proof of users' identities when they shop on the Internet using their cell phones.
In addition to integrating Baltimore's wireless e-security technology into PayWare eIssuer, both companies have agreed to joint marketing efforts to promote the partnership, as well a significant technical skills transfer program that will ensure compatibility between the two companies' product lines. Trintech will also incorporate Baltimore's e-security products into its offering as part of the Baltimore TrustedWorld partner program.
"All Internet payment technology requires security in order to guarantee the authenticity of users and privacy of transactions. Baltimore's technology excellence, global footprint and strong service offering makes us an ideal partner for Trintech to enable the provision of secure payment infrastructures. Both Baltimore and Trintech have demonstrated early leadership in mobile commerce and this partnership further demonstrates the commitment of both companies to the market," commented Aidan Gallagher, executive vice president of global business development at Baltimore Technologies.
"Harnessing the enormous potential of mobile commerce is a priority for Trintech," says John Harte, executive vice president of Global Sales, Marketing and Services at Trintech. "By partnering with a leader in trust services, such as Baltimore Technologies, we are now able to deliver to our customers a suite of payment products that deliver unparalleled levels of convenience and flexibility with greatly enhanced security that will smooth the transition from Internet to mobile commerce."
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