Ottawa, Canada, September 9, 2009 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today the certification of its TransNet payment engine software by Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and a leading global payments provider.This certification allows merchants using TransNet in retail and restaurants to route credit card transactions to Elavon's Host.

The TransNet payment engine software integrates easily with a range of POS equipment, such as electronic cash registers (ECRs) and POS systems. Housed on a secure hardware platform, such as the POSLynx220 payment router by Precidia, TransNet delivers fast, cost effective and highly secure transaction processing to a wide range of certified processors. Processing all transaction types, including credit, debit, gift and loyalty, TransNet with POSLynx220 offers the industry's most comprehensive approach to cardholder data security and reliability. This includes features such as SSL encryption, field-tested firewalling, PCI PA-DSS validation, and automatic dial back-up in case of network failure. The TransNet solution is easily managed, allowing many administrative and support tasks to be carried out remotely by the ISO/Dealer, rather than the vendor. With the solution's suite of management tools, tasks such as updating software or changing host routing can be completed quickly and easily, at no extra cost.

"Elavon is committed to innovation, and providing the best possible range of options to merchants", said Stuart C. Harvey, Jr., CEO of Elavon. "TransNet offers Elavon's customers a unique integrated payments alternative that is both secure and easy to implement."

According to Deepak Wanner, President of Precidia Technologies Inc., merchants processing with Elavon are attracted to TransNet's flexibility and manageability: "TransNet can be easily integrated with almost any POS device, from ECRs to payment terminals and POS applications. This unique solution provides the merchant and ISO with valuable tools to manage payments, including transaction and network data. These tools make TransNet easy to support, and improve operations for the merchant", said Mr. Wanner.

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 Elavon
Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp. Elavon provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada and Puerto Rico. Solutions include credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring. Visit Elavon online 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