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TransNet Payment Engine Certified with TenderCard for Gift Card Transactions

Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today the certification of its TransNet payment engine software by TenderCard, a leading provider of gift cards and loyalty programs for the Electronic Payment Industry. This certification allows merchants using TransNet to route gift card transactions to TenderCard's SSL Host.

TransNet is payment engine software that is housed on a hardware platform, such as the POSLynx220 payment router by Precidia. Integrating easily with existing POS equipment such as ECRs and POS systems, TransNet delivers fast, cost effective and highly secure transaction processing to a wide range of certified processors. Processing all transaction types, including credit, debit, gift and loyalty, TransNet delivers several benefits that are unique in the industry. TransNet can route transactions directly to multiple IP addresses, eliminating the cost of gateway services. In addition, this solution puts control of the transaction directly in the hands of the merchant or dealer/ISO. With the solution's suite of management tools, tasks such as switching processor hosts or updating software can be completed quickly and easily, at no extra cost. From a security and reliability standpoint, TransNet with POSLynx220 offers the most comprehensive approach, with SSL encryption, field-tested firewalling, PCI PA-DSS validation, and automatic dial back-up in case of network failure.
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