Ottawa, Canada, July 22, 2008 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking software and devices, announced today that its TransNet™ payment engine application has been certified with the Maitre'D restaurant system, by Posera Software. Restaurants using Maitre'D can now choose TransNet as their integrated payment solution. TransNet operates on a secure payment router, offering industry-leading cardholder data security and features such as direct routing to most transaction processors.

TransNet is a router-based payment engine application that integrates easily with the Maitre'D system, delivering fast, secure transactions routed directly to any certified transaction processor, including gift and loyalty. This feature helps merchants reduce their costs by negotiating pricing directly with a wider choice of providers. Fully compliant with Payment Industry Best Practices (PABP) and Payment Card Industry Data Security Standards (PCI DSS), TransNet leads the industry in security, with the router acting as a 'fortress' securing the payment function. TransNet also features several unchangeable default settings that help merchants maintain PCI compliance. The solution's flexible approach to integration also allows merchants to use an existing familiar payment screen at the point-of-sale, while TransNet performs all of the back-end processing tasks.

Precidia President Deepak Wanner notes other value-added features of the solution: "TransNet is designed for maximum manageability, with 24/7 transaction data and diagnostics, as well as simple remote application downloads", said Mr. Wanner. "The multi-port router design means that peripherals such as pinpads and check readers can be easily integrated at the point-of-sale, and automatic dial back-up enhances the solution's reliability".

Software developers can use TransNet to avoid costly and time consuming PABP certification activities, instead focusing on core development activities.

For more information on Precidia's 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 http://www.precidia.com