Ottawa, Canada, Oct. 12, 04 - Precidia Technologies, a leading provider of Internet Protocol (IP) access devices, today announced the Class B certification of its POSLynx retail router for Paymentech's NetConnect, a secure, direct Internet connection to its card authorization center. With the first commercial release of the POSLynx now available, merchants can easily connect dial-based terminals to the Internet over DSL or other broadband networks for faster, more cost-effective payment transaction processing.

Converting up to four point-of-sale terminals to IP using SSL, the POSLynx helps small to mid-size merchants reduce communication costs by eliminating the need for dedicated dial lines. With no changes required to terminal applications, implementation of the POSLynx is quick and painless; merchants are up and running immediately without additional expense or training. Furthermore, this low/no maintenance device features built-in reliability via dial back-up.

"Precidia understands the need for an easy migration path to fast, secure Internet transaction processing," said George White, Paymentech COO. "With the POSLynx, they've developed a simple IP option that enables merchants to retain existing point-of-sale terminals while benefiting from the speed and security inherent in NetConnect."

"In bringing the POSLynx to market, we've developed a product tailored to the needs of the point-of-sale market that offers tremendous value for merchants and ISOs alike," explains Precidia president Deepak Wanner. "Merchants can experience faster, cheaper Internet-based transaction processing in a single step for an unbeatable cost while ISOs will appreciate the ease of installation and opportunity for increased residuals."

About Paymentech
Paymentech, L.P. processes more payment transactions than any other company in North America - and more than half of all Internet transactions - for retailers accepting U.S. and international payments via traditional point of sale, Internet, catalog and recurring payments. The privately held company, founded in 1985, is an end-to-end processor for merchants of all sizes and industries. Paymentech's 1,500 employees work in multiple locations, including the Dallas headquarters; New York; Salem, N.H.; Tampa, Fla.; and Tempe, Ariz. In 2003, Paymentech and its Canadian affiliate, based in Toronto, processed seven billion transactions and $162 billion in sales volume in 14 currencies. For more information, please visit www.paymentech.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.