News from the Wire

ExiDigm introduces TS100 transportation payment system

Wednesday, April 22, 2009 — 11:59:44 (EDT)

Las Vegas, Apr. 21, 2009 -- ExaDigm, Inc., the leading innovator of wired, wireless and integrated payment solutions, today announced at the 2009 ETA Annual Meeting and Expo the launch of the TS100 Transportation Payment System. The TS100 delivers a cost-effective, fully integrated payment processing solution for a range of transportation operators, including taxis, limousines and shuttle services.

The TS100 provides transportation operators with a fully integrated, vehicle mounted solution for credit and debit payment processing. With a ruggedized form factor designed specifically to withstand the rigors of use in a range of different transportation environments, the TS100 integrates directly with fare meters eliminating the need for operators to double key transaction data, in turn speeding the payment process and eliminating user error. In addition, the system enables customer activated transactions through the use of an integrated PINpad / MSR / customer display unit in the passenger compartment of the vehicle.

Delivering a complete range of functionality typically only found in more expensive transportation systems, the TS100 features:

• Linux operating system, allowing for rapid, affordable software changes, updates and customization

• Full function integrated transportation payment processing at a fraction of the cost of competitive solutions

• Flexible wireless communication options including CDMA or GPRS

• Support for major US credit and debit payment processors

• Integration to a range of fare meter devices and other core peripherals

• Optional integrated customer-facing advertising feature

• Secure customer activated transaction processing

“The launch of the TS100 is the start of a new era in integrated payment processing solutions for the transportation market,” said Jack McDonnell, Chief Executive Officer for ExaDigm. “Unlike existing systems, the TS100 delivers the same feature-rich level of functionality at a fraction of the cost, making it an affordable payment processing solution for transportation operators of all sizes.”

The TS100 is scheduled for general release in late May 2009. For more information about the TS100, contact Scott Holt, Senior Vice President of Sales and Marketing at scott@exadigm.com or 949.271.3967.

About ExaDigm, Inc.

ExaDigm is the leading innovator of modular IP-based wired, wireless and integrated payment solutions. Through a detailed understanding of the technology, wireless and payment industries, as well as through extensive relationships with financial institutions, ISOs, and transaction processors, ExaDigm provides innovative technology-focused solutions enabling businesses worldwide to expand revenues, reduce costs and boost productivity. Founded in 2000, ExaDigm is headquartered in Santa Ana, California, with operations around the globe. For more information, visit www.exadigm.com .

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Source: Company press release.