Ottawa, Canada, July 28, 2009 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today the certification of its TransNet™ payment engine software by TenderCard, a leading provider of gift cards and loyalty programs for the Electronic Payment Industry. This certification allows merchants using TransNet to route gift card transactions to TenderCard's SSL Host.

TransNet is payment engine software that is housed on a hardware platform, such as the POSLynx220™ payment router by Precidia. Integrating easily with existing POS equipment such as ECRs and POS systems, TransNet delivers fast, cost effective and highly secure transaction processing to a wide range of certified processors. Processing all transaction types, including credit, debit, gift and loyalty, TransNet delivers several benefits that are unique in the industry. TransNet can route transactions directly to multiple IP addresses, eliminating the cost of gateway services. In addition, this solution puts control of the transaction directly in the hands of the merchant or dealer/ISO. With the solution's suite of management tools, tasks such as switching processor hosts or updating software can be completed quickly and easily, at no extra cost. From a security and reliability standpoint, TransNet with POSLynx220 offers the most comprehensive approach, with SSL encryption, field-tested firewalling, PCI PA-DSS validation, and automatic dial back-up in case of network failure.

"We're pleased to offer TransNet to the resellers and merchants who rely on TenderCard's gift card program", said Aaron Sorgman, CEO of TenderCard. "Our combined products and services are a great option for merchants who want to easily integrate gift and other transaction types into their payment solution."

Precidia President Deepak Wanner is pleased to see TransNet's list of certified processors continue to broaden with this new addition: "Gift card programs have become extremely important to merchants, and will continue to grow as an industry", said Mr. Wanner. "TransNet has been designed to route transactions to multiple hosts simultaneously, including credit debit, gift and loyalty card processors - all with full security".

TransNet is used in a variety of retail payment applications, and integrates easily with ECRs, PC Systems, IP/Dial payment terminals, POS applications and e-commerce websites. For more information on Precidia's Payment solutions, visit www.precidia.com/payments.

About TenderCard
Started in 1997, TenderCard has grown from a pioneer in the stored value industry to an industry leader with over 1,000 ISO relationships representing more than 50,000 merchants. For more information about our suite of gift and loyalty card programs, visit http://www.tendercard.net.

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