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Precidia Launches Version 2.11 of its TransNet Payment Engine Software

Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced that Version 2.11 of its TransNet payment engine software on the POSLynx220 has been released. This latest version expands support for the hospitality industry's most popular POS systems, and is among the first such applications to receive PA-DSS (Payment Application Data Security Standards) validation. In addition, version 2.11 introduces TransNet's e-commerce capability, which allows businesses to avoid gateway fees and meet security mandates when accepting transactions online.

TransNet is payment engine software that resides on a secure router or terminal. Integrating easily with any ECR, POS System, PC, payment terminal or application, TransNet is a full featured payment application that easily and cost effectively routes credit, debit, gift or loyalty transactions to any processor. TransNet also features the industry's most comprehensive approach to cardholder data security, with its secure POSLynx220 hardware platform acting as a 'fortress' for cardholder data. The POSLynx220 features SSL encryption and field tested firewalling. Version 2.11 of TransNet on the POSLynx220 has received PA-DSS validation from the PCI Council, making it among the first such applications to be validated as meeting these stringent cardholder data security standards.

This latest version of the TransNet solution is the most comprehensive to date, with support for multiple POS systems, including Maitre'D and PixelPoint, ECR models from Sharp and TEC, as well as open source POS systems such as OpenBravo. It also includes a growing list of pre-certified transaction processors, including gift and loyalty. Developers can look to this version of TransNet to integrate payment functionality with an application or website, helping them to simplify or avoid cardholder data security compliance requirements and processor certifications. TransNet's new e-commerce functionality allows businesses to eliminate costly gateway fees and meet the necessary cardholder data security compliance requirements for businesses accepting transactions online.
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