Ottawa, Canada, June 14, 2007 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking devices, announced today the release of POSLynx220™ version 2.09, which now supports TransNet™, Precidia's secure payment engine for PC POS systems. This new solution eliminates the vulnerability of PC-based systems running payment applications by leveraging the POSLynx220 hardware as a secure server for Precidia's payment application. The solution can be purchased by vendors and developers to integrate secure payments functionality with complementary applications. Delivering peace of mind with automatic PCI alerts and updates, merchants purchasing TransNet with the POSLynx220 can also take advantage of value added store-level management tools.

Prevalent in hospitality and other retail sectors, PC based systems are ideal for running multiple applications, from inventory to email. When it comes to payments, however, PC systems have one fundamental flaw that TransNet has been designed to address: inadequate security. In order to meet the demanding requirements of cardholder security standards like PCI, the payments function must stand alone separate from other applications running on the PC. The POSLynx220 payment router connects to the PC system, delivering fast IP transactions, enhanced management and statistics, switching for multiple card types and solid, proven security.

"Operating as a network edge device, the Precidia POSLynx220 provides a unique set of capabilities for credit/debit/EBT/gift card transactions that we have not found in any other product on the market today", said John Muhlberger, Vice President of Product Planning and Management for Partech Inc. "These capabilities, when coupled with the remote configuration/deployment feature and NetVu's web based monitoring and management tools, give customers control from the store or the enterprise level."

Precidia President Deepak Wanner believes that the TransNet payment engine has benefits for both merchants and vendors of POS equipment and applications:"For system and application developers, TransNet eliminates PCI compliance headaches and offloads the payment application to a secure payment router", said Mr. Wanner. "Merchants gain the ability to add new card types instantly, and MerchantVu to monitor and view store-level transaction and network data".

A proven leader in IP payment and networking products, Precidia's POSLynx220 is the industry's best solution for integrating fast, cost effective and secure IP based payments with existing POS equipment, from ATMs to Ruby™ terminals. The latest milestone in the company's evolution, Precidia's payment system is a simple solution for integrating secure, PCI compliant payment processing capability with PC-based systems and applications. Certified to major processors, the payment system includes the TransNet payment engine, POSLynx220 payment router, NetVu management server, and MerchantVu store statistics tool. To learn more about TransNet and its benefit to PC POS systems, visit www.precidia.com/products/transnet.html

About Precidia Technologies
Precidia Technologies 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 80 countries, Precidia’s unique product line of wired and wireless access devices and NetVu™ network configuration management seamlessly migrates stand-alone dial and serial equipment onto more sophisticated IP networks. For more information, visit Precidia on the Web at http://www.precidia.com.