Ottawa, Canada, August 4, 2010 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today that the TransNet payment engine application has been certified with the L-POS system from Logivision, a software developer for the retail industry. With this certification, users of L-POS now have an integrated payment alternative that offers industry-leading security, flexible processor choice and complete control of the payment function. TransNet integrates easily with POS systems, eliminating the hassles of processor certification and security compliance for developers like Logivision.

The L-POS system from Logivision is POS software designed for high volume retailers such as grocery stores, pharmacies, c-stores and other retail stores. It works with touchscreen or keyboard-based PC systems, and has a reputation for speed and simplicity. By integrating TransNet with L-POS, merchants can easily process credit, debit, gift and loyalty card transactions using the familiar L-POS interface. TransNet is designed for simple, seamless integration with POS systems, making it the best alternative for developers requiring a payment system.

Unique in the payments industry, TransNet features a router-based model. Housed on the popular POSLynx220 payment router from Precidia, TransNet is very secure and reliable. The solution is PCI PA-DSS validated, and features SSL encryption, field tested firewalling and automatic dial back-up. The solution's management features are also key to POS system developers and their customers. TransNet is pre-certified to major transaction processors, including gift and loyalty, making it easier for developers to offer flexible processor choice to their customers. Transactions are monitored and managed by the NetVu management server, with store-level suite MerchantVu delivering batch reports, network and suspicious transaction alerts, and transaction logs.

Logivision President Peter Bohonis says that TransNet was very easily integrated with their software: "TransNet was easy to work with, bringing our merchants a new option for integrated payments", said Mr. Bohonis. "With processors pre-certified and the system PA-DSS validated, this solution takes much of the legwork out of accepting cards for payment".

"TransNet delivers unique value to developers of POS systems and their customers", said Deepak Wanner, President of Precidia Technologies. "Our solution teams well with the speed and simplicity of L-POS, delivering a strong, fully integrated system to high volume merchants. Logivision's customers can also now take advantage of the MerchantVu suite to manage and monitor their transaction activity".

About Logivision
Logivision develops software for the retail industry with a particular focus on the operation system for the front-end terminals. Innovative and always at the forefront of new technological developments, Logivision is committed to improving the service and the products we provide to our customers. For more information, visit Logivision on the web at www.logivision.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