Ottawa, Canada, June 25th, 2002 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) access devices, today announced the Class B Certification of the EtherDial™ product with Vital Processing Services® (Vital®). Vital is a recognized leader in technology-based commerce enabling services. This certification with Vital is the result of rigorous development and laboratory testing over the last few months, which will benefit US merchants looking to migrate debit/credit transactions to a LAN/WAN environment.

Precidia's EtherDial migrates transaction data from a dial-based infrastructure to a TCP/IP network, while maintaining the merchant's investment in existing POS equipment. It is a completely transparent, scalable solution for merchants who require a cost-effective alternative to their existing dial based connection. The EtherDial acts like the telephone network, answering the terminal's call. It is the ideal solution for merchant locations with access to a router based WAN and are currently using dial lines for POS transactions.

"Not only is this an important milestone in our relationship with Vital, but this certification helps us solidify our position in the US POS market," said Deepak Wanner, President of Precidia Technologies. "Now merchants can select EtherDial with the ease-of-mind, knowing that the transaction can be processed on Vital's state-of-the-art Vital Link IP network." It was important for Precidia to obtain certification with Vital because it now gives their 300 acquiring clients access to another connectivity product for their merchants.

"Vital is pleased to certify Precidia Technologies' EtherDial with key terminals used by Vital's acquirers and their merchants. This includes the Verifone Trans 330, Verifone Trans 380, Hypercomm T7P, and Verifone Omni 3210," said Denise Lewis, executive vice president of Products and Marketing for Vital Processing Services.

About About Vital Processing Services
A leader in technology-based commerce enabling services, Vital Processing Services® (Vital®) is the only pure acquirer processor in the industry. Vital's clients include acquirers and merchant service providers that offer electronic payment processing and related services to merchants. Vital provides leading point-of-sale (POS) products and services, electronic authorization and data capture; clearing, settlement and exception processing; accounting, billing and reporting; risk management; and merchant support services. Vital also provides POS equipment management services through its subsidiary Vital Merchant Services and a full suite of Information Services. Vital is a merchant processing joint venture of Visa U.S.A. and TSYS® ("NYSE: TSS"), a global leader in payments processing. Additional information regarding Vital can be found at http://www.vitalps.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.