Ottawa, Canada, April 13, 2011 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today that its POSLynx220 with TransNet integrated payment solution has achieved Level 2 certification from leading global payments provider Elavon. This advanced certification means that merchants using Precidia's TransNet payment application can cost effectively and securely process mail order/telephone order (MOTO) and e-commerce transactions, and can transmit CVV card data.

The TransNet payment engine application, housed on Precidia's secure POSLynx220 payment router, integrates seamlessly with ECRs, POS systems and other retail payment systems. Pre-certified with most credit, debit, gift and loyalty card processors, the complete solution is PCI PA-DSS validated, and features SSL encryption for additional peace of mind. For enhanced reliability, the POSLynx220 features automatic dial back-up in case of network failure.

In addition to processing fully integrated card transactions, the TransNet/POSLynx220 solution also features a web-based management suite that minimizes deployment and support costs. This suite includes the NetVu management server, designed to facilitate 24/7 support of the merchant, and MerchantVu, which is a store-level portal for settlement, suspicious transaction alerts and data analysis.

"This popular integrated payment solution has been class-B certified with Elavon for several years", said Tom Kelly, senior vice president, Solutions Engineering at Elavon. "We strive to ensure our merchants have access to a range of payment technologies, and this enhanced certification contributes to that goal".

Deepak Wanner, president of Precidia Technologies Inc. believes this advanced level of processor certification helps merchants reduce their overall transaction processing costs: "In helping to reduce merchant's costs, the Level 2 certification from Elavon makes good sense to merchants who wish to process card not present transactions".

To learn more about TransNet, the POSLynx220 and the NetVu/MerchantVu management suite, visit www.precidia.com/payments.

About Elavon
Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp (NYSE: USB) and provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada, Mexico and Puerto Rico. Elavon markets solutions including credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring through multiple alliance channels including financial institutions, trade associations and third party sales agents. Elavon's suite of solutions is tailored to meet the needs of merchants in specialized markets such as small business, retail, hospitality/T&E, health care, education and the public sector. Visit Elavon at www.elavon.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