News from the Wire

Precidia Technologies chosen by Decision Academic for university e-commerce

Tuesday, August 11, 2009 — 16:31:43 (EDT)

Ottawa, Aug. 11, 2009--Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today that it has provided Decision Academic, the leading provider of academic student services to the higher education market, with an e-commerce solution for its university customers. Powered by the TransNet payment engine, the application integrates with Decision Academic's eCampus Navigator course registration application to deliver PA-DSS compliant transaction processing without the gateway fees charged by comparable options.

Decision Academic needed an e-commerce payment solution that was PA-DSS validated, assisting universities in achieving and maintaining PCI compliance. Precidia's TransNet not only meets these needs, but delivers a solution that is less costly by eliminating gateway fees for transactions. Supporting credit, debit, gift and loyalty to any certified processor, TransNet routes transactions directly to the transaction processor without any gateway fees. Housed on the secure POSLynx220 payment router from Precidia, TransNet offers universities unparalleled flexibility and control of the payment function, with 24/7 remote access to transaction logs, settlement data, alerts and reports.

"Statewide university systems are increasingly being mandated to obtain and maintain PCI compliance for all online payment systems.", said Jan Huus, Vice President of R&D, Decision Academic. "The PA-DSS validated TransNet application facilitates this, with PCI compliant default settings and automatic security updates. Eliminating gateway fees for lower cost transactions made the solution even more attractive to us. Universities using this fully integrated solution will lower their costs, and rest easy knowing their e-commerce solution is secure and compliant."

Precidia President Deepak Wanner believes that the e-commerce functionality of TransNet can help both website owners and application developers: "With pre-certification to many processors and PA-DSS validation, TransNet allows application developers to avoid compliance and audit headaches, focusing on their core business. Organizations that want to offer online payment to their customers have a turnkey solution for cost effective, secure e-commerce."

For more information on Precidia's TransNet payment engine software, which integrates easily with e-commerce websites, POS applications, ECRs, PC Systems and IP/Dial payment terminals, visit www.precidia.com/payments .

About Decision Academic

Decision Academic's Navigator Suite of curriculum management and academic advising applications helps leading higher education institutions and state systems attract more students and streamline their paths to graduation. The modular Navigator Suite improves curriculum management and equips users with self-service decision-making tools to easily explore the most complex transfer and degree options. For more information, visit Decision Academic on the web at www.decisionacademic.com .

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 www.precidia.com

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Source: Company press release.