Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) access devices, introduced POSLynx at ETA2004, with distribution partner Vital Processing Services. An industry first, POSLynx delivers secure multi-port connectivity to existing payment terminals at a fraction of the cost of other options. Acquirers and their merchants can take advantage of special POSLynx introductory ETA show pricing through Vital Terminal Management Services.
POSLynx can connect up to four point-of-sale (POS) terminals to the Internet for payment processing. POSLynx is a cost-effective IP solution that is easy to implement, offers full transaction processing security and requires little support or maintenance. Single or multilane merchants can migrate their payment systems to IP with industry standard security, eliminating the need for dial lines to process transactions. For added peace of mind, POSLynx features dial backup connectivity. POSLynx enables merchants to reduce costs and increase transaction processing speed.
Vital is the first processor to offer POSLynx Class B approval. POSLynx is qualified for use with Vital’s VirtualNetÂ® Enhanced Secure Sockets Layer (SSL) connectivity and Vital is offering a full range of terminal management services to acquirers and their merchants.
“We are confident that the POSLynx will gain fast market traction among merchants who are searching for the best way to migrate securely to IP based processing,” said Robert Blair, executive vice president for Vital. Precidia president Deepak Wanner indicates, “This product will change the way the industry views Internet-based transaction processing. Finally, there is an IP product that meets the needs of almost any merchant, and offers one-step installation at a cost that is significantly lower than comparable options. POSLynx offers a strong value proposition for acquirers and ISOs who want reliable revenues and easy to implement products.”
About Vital Processing Services
Vital Processing ServicesÂ® (VitalÂ®) is a leader in technology-based commerce enabling services. Vital delivers comprehensive, end-to-end payment solutions to acquirers and their merchants to reliably process millions of credit, debit and other card transactions every day. From authorizing and capturing electronic payments at the point-of-sale to clearing and settling merchant transactions, merchant terminal management and information services, Vital enables acquirers to efficiently manage their payment processing businesses. Vital is the only pure acquirer processor in the industry, with a focus on partnering, not competing, to help acquirers manage and grow their merchant portfolios. Vital is a joint venture of VisaÂ® U.S.A. and TSYSÂ® (“NYSE: TSS”). Additional information regarding Vital can be found at [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 70 countries, Precidia’s unique product line of wired and wireless access devices seamlessly migrate stand-alone serial equipment onto more sophisticated IP networks. For more information, visit Precidia on the Web at