Ottawa, Canada, October 15, 2009 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today a partnership with Axia, a leading provider of electronic payment programs. TransNet is payment engine application which integrates easily with POS systems in hospitality and other retail sectors, delivering secure, managed and flexible payment processing.merchants in maintaining PCI compliance. Remotely deployed for more efficient installations, TransNet integrates easily with a range of POS equipment, such as electronic cash registers (ECRs) and POS systems. Processing all transaction types, including credit, debit, gift and loyalty to a wide range of certified processors, TransNet can route transactions directly to multiple processors by card type. The TransNet solution is easily managed using the NetVu™ management server, which offers tools that make 24/7 support of the merchant easier for ISOs and Dealers. These tools include pager and email alerts, remote configuration and application downloads, and transaction logs.

Certified with major processors, POS systems and device manufacturers, TransNet boasts a unique integrated payments model. Housed on a secure hardware platform such as the POSLynx220 payment router, TransNet offers the industry's most comprehensive approach to security. This approach features PA-DSS validation, PCI DSS support for merchants, SSL encryption, and field-tested firewalling. The TransNet solution also offers unparalleled manageability, with the NetVu management server assisting the ISO with tools such as network monitoring and alerts, transaction logs and settlement data, as well as the ability to upload application updates remotely at the click of a mouse. TransNet supports a range of payment types, including credit, debit, gift, loyalty, and can route transactions to multiple processors simultaneously.

"TransNet meets the needs of our restaurant and retail customers, with a simple, secure and easy to use payment solution," said Randal Clark of Axia. "We appreciate the management tools that assist us in supporting merchants, and the solution's built-in reliability is important for our customers. The automatic dial back-up and network alerts, as well as PCI compliant default settings, all give the merchant peace of mind".

Precidia President Deepak Wanner believes that TransNet offers a unique alternative payments method to Axia's customers. "Restaurants using POS applications need a simple path to security compliance and full service payments," said Mr. Wanner. "TransNet delivers on security, while offering a range of features designed to make payment processing easier for the merchant, from routing to multiple hosts simultaneously, to automatic dial back-up in case of network failure. All have been designed with these merchants in mind."

TransNet is used in a variety of retail payment applications, and integrates easily with ECRs, PC Systems, IP/Dial payment terminals, POS applications and e-commerce websites. For more information on Precidia's Payment solutions, visit www.precidia.com/payments.

About Axia
Established in 1999, Axia markets and sells merchant programs that include hardware and/or software solutions to provide more efficient and economical ways to process electronic credit, debit and ACH programs, as well as other payment processing. For more information, visit Axia at www.axiapayments.com.

About Precidia Technologies
Precidia Technologies is a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products. With customers in over 85 countries, Precidia offers unique products designed for simple serial networking, as well as a suite which manages the complexity of IP based payments in the retail industry. All of Precidia's products have been designed to maximize the potential of existing equipment, with deployment, monitoring, security and management tools. For more information, visit Precidia on the Web at http://www.precidia.com