Product category: Networking Hardware
News Release from: Precidia Technologies
Edited by the Electronicstalk Editorial Team on 15 January 2004
Vital approval for
IP-based payment solution
Precidia Technologies has joined the Vital Processing Services Integration Partner Programme
The Vital Integration Partner (VIP) Programme consists of software developers, system integrators and third-party vendors with approved POS applications to process transactions on Vital's state-of-the-art network. Precidia's EtherDial and Ether232AT products are Class B approved with Vital.
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The products Precidia has received approval to process on Vital's network connect older payment terminals to newer, faster and more cost effective IP LANs and WANs.
The EtherDial migrates transaction data from a dial-based infrastructure to a TCP/IP network, eliminating the merchant's dependence on a dedicated telephone line for transaction processing.
The Ether232AT connects existing dial-based payment terminals to an Ethernet LAN, acting as a modem replacement.
Further reading
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Precidia Technologies has added Funcionatech to its roster of value-added resellers representing its remote access product line throughout the world
Both solutions deliver dramatic cost savings to the merchant, eliminating costs associated with dedicated telephone lines, as well as retaining their investment in existing payment terminals.
"Precidia is a natural choice for our VIP Programme.
Our VIP Programme is focused on providing a broad array of secure, reliable and efficient POS solutions delivered through best of breed integration partners", said Kevin Bradford, Executive Vice President, Client Relations, Sales and Business Development for Vital Processing Services.
"Precidia's products provide a clear path to IP-based transaction processing that works with the payment terminals already used by our acquirers and their merchants".
Precidia President Deepak Wanner said: "Joining Vital's VIP Programme means unique access to an important channel for our retail payments products.
We understand that merchants are looking for a simple path to IP-based processing that is cost-effective and efficient.
By recognising Precidia as a VIP member, Vital is helping its acquirers and their merchant customers to gain access to more IP-based transaction processing solutions".
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