Data and Database Management Software
Software optimizes collection item processing.
Press Release Summary:
Intended for banks and savings institutions, I-TRACS v5.5 facilitates tracking, research, adjustment, and collection. Program includes search capability for zero dollar amounts and wildcard searches on reference fields, extended field lengths, and visibility to memo history for all previously created memos. Security functions provide necessary controls to mitigate risk, including Item Status Control and Report Ownership Security with Public, Shared, and Private security options.
Original Press Release:
Trintech Releases I-TRACS 5.5 Collections System for Banks and Savings Institutions
I-TRACS Software Enhancements Improve Collection Item Processing and Security
DALLAS and DUBLIN, Ireland, Jan. 7 /-- 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 the availability of I-TRACS 5.5, the latest version of its tracking, research, adjustment, and collection application. This release extends existing capabilities to improve collection item processing, increase efficiency, and enhance security.
Enhancements to I-TRACS 5.5 include enhanced search capability for zero dollar amounts and wildcard searches on reference fields; increased field lengths to enable more content; visibility to the memo history for all previously created memos; and new reporting features. Security enhancements provide the necessary controls to mitigate risk, including Item Status Control so that operators cannot select an invalid "next" state for an item status unless they have authorization, and Report Ownership Security with three security options -- Public, Shared, and Private.
"I-TRACS helps major US and Canadian banks and savings institutions reduce manual effort, improve collection item processing, improve security at the user level, and provide reporting on collections for multiple banking entities from a central location," said John Harte, General Manager of Trintech Funds Management Division. "It is the most favored solution for banks that want to better manage their multi-million dollar draft business."
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 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.
CONTACT: Donna Martinez, Marketing Communications Manager of Trintech,
+1-972-739-1611, donna.martinez@trintech.com
Web site: www.trintech.com/
