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Ottawa, Canada, Feb. 23, 05 - Precidia Technologies, a leading provider of Internet Protocol (IP) access devices, today announced Class B certification of its POSLynx retail router with Global Payments’ GlobalNet @dvantage SSL gateway, which provides a direct Internet connection to Global’s East Host card authorization center. The POSLynx offers faster, cheaper secure payment transaction processing over the public Internet for many of the 10 million dial terminals currently deployed in the US.
With the costs of Frame and other VPN services often out of reach for small to mid-sized merchants, the POSLynx provides a cost-effective means to leverage the benefits of the Internet-based processing. The POSLynx connects as many as four terminals to affordable public networks using SSL encryption to ensure security and features built-in redundancy against possible network downtime. Merchants retain their investments in functional Point-of-Sale terminals, save money by eliminating dedicated dial lines and improve customer service with better speed at the check out.
Global Payments developed the GlobalNet @dvantage SSL gateway as part of the company’s commitment to provide innovative payment products and services. The POSLynx has successfully undergone certification testing with Global using legacy terminals connected to Global’s East host.
“With the POSLynx, Precidia can get a merchant up and running in less than a day with Internet-based transaction processing. It is literally a matter of plugging in a few cables and configuring the POSLynx to route transactions to the appropriate host destinations,” explains Deepak Wanner, president of Precidia. “Just as important, merchants will begin to see a return on their investment immediately.
About Global Payments
Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services to consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Latin America and Europe. Global Payments offers a comprehensive line of processing solutions, including credit and debit cards, business-to-business purchasing cards, stored value and gift cards, as well as electronic check conversion and check guarantee, verification and recovery, terminal management and money transfer services. For additional information about the company and its services, visit www.globalpaymentsinc.com.
About Precidia Technologies
Precidia Technologies Inc. is a global leader in the design and manufacture of IP access devices for a wide range of industries, including retail payments and building automation. With customers in over 75 countries, Precidia's unique product line of wired and wireless access devices seamlessly migrate stand-alone serial and dial equipment onto more sophisticated IP networks. For more information, visit Precidia on the Web at http://www.precidia.com.
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