Trintech chosen by Mac's Convenience Stores in the US

Trintech has announced that Mac's Convenience Stores LLC, a division of Alimentation Couche-Tard Inc., has selected ReconNET to provide transaction reconciliation and cash management for over 500 North American locations. Trintech is a provider of transaction management and payment infrastructure

"We were thoroughly impressed with the Trintech team's knowledge and responsiveness,'' said Dan Fiden, Director of Finance at Mac's Convenience Stores.

"We required a flexible solution that could offer us proven benefits of improved efficiency, better processes, and easier communication with our field offices for exception resolution. ReconNET fits those needs very well.''

Mac's initial implementation of the ReconNET system was completed in less than six weeks and currently manages the reconciliation of all cash and check deposits with bank statements.

During the second phase of implementation, Mac's intends to manage its bank-to-book reconciliation, Automated Clearing House (ACH) transactions, and the reconciliation of credit card transactions.

Mac's has also announced plans to add reconciliation of its lottery transactions through ReconNET.