Ottawa, Canada, February 3, 2009 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today that its TransNet™ payment engine is compatible with Toshiba TEC America electronic cash registers (ECRs). This unique payment engine application leverages a payment router, connected to an existing ECR, delivering secure, flexible credit, debit, gift and loyalty payments to any certified payment processor.

Among available solutions for ECR card processing, TransNet offers several unique benefits. First, its flexible design allows merchants to route transactions directly to any certified processor, without any additional costs or difficulties. This feature eliminates costly gateway fees, and gives merchant a greater degree of choice. Second, TransNet's router-based approach delivers the industry's most comprehensive security, housing sensitive cardholder data on the highly secure POSLynx220 payment router. While the router is secured by field tested firewalling and encryption, the solution is also PA-DSS validated and is designed to facilitate the merchant's PCI compliance. Finally, the POSLynx220 payment router can integrate other store peripherals such as pin pads easily, using its 2 dial and 2 serial ports.

Precidia President Deepak Wanner says "Many of our customers have come to depend on their reliable Toshiba TEC ECRs at the point-of-sale. We're pleased to offer the TransNet alternative to these merchants. We understand the need for secure, flexible card payment solutions that leverage existing ECRs for a more cost-effective approach. With automatic dial back-up in case of network failure, this solution is also highly reliable."

TransNet is used in a variety of retail payment applications, and integrates easily with ECRs, PC Systems, IP/Dial payment terminals, POS applications and even e-commerce websites. 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 at http://www.precidia.com