Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today that its TransNet™ payment engine software with POSLynx220 router has been certified by First Data. First Data is a global leader in electronic commerce and payment processing services. The TransNet payment engine software securely integrates transaction processing with a point-of-sale (POS) device or application, routing transactions to certified processors.

TransNet is software that works with a range of devices and POS applications, including electronic cash registers (ECRs) and PC POS systems, integrating payment card processing functionality. For the ISOs and merchants that rely on TransNet, the solution offers several benefits over competing options. First, its router-based design ensures transaction data is stored in a secure location, with encryption and firewalling, rather than the POS device. In addition, the payment router can be easily accessed by the merchant or ISO, delivering complete control over processor changes, application updates and other changes, eliminating fees and wait times for these tasks. Other TransNet tools include remote configuration and transaction logging, which help the ISO deliver 24/7 remote device support to merchants more easily.

TransNet can be used in almost any retail payment application. It offers a range of additional features to the user, including simple integration of peripherals and automatic dial back-up. To learn more about TransNet and Precidia's other payment solutions, visit www.precidia.com/payments.

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