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Ruby Deal

VeriFone, Paymentech certify Precidia IP adapter for terminals

OTTAWA -- Precidia Technologies, a provider of Internet Protocol (IP) access devices for the Point-of-Sale (POS) industry, said that VeriFone Inc., a major global provider of payment solutions, and Paymentech, a national electronic payment processor, have certified Precidia's Ether232POS IP adapter for the Ruby POS terminal. The device enables petroleum retailers to reduce costs and significantly speed up transactions, said Precidia.

The Ether232POS converts Ruby transaction data to IP for transport over broadband Internet networks. Petroleum retailers [image-nocss] can eliminate dedicated dial lines and modem costs while decreasing transaction times from an average of 12 to 20 seconds to between 4 to 6 seconds, according to Precidia. With no changes to existing processes or infrastructure, merchants are up and running quickly, it said.

VeriFone partner CBE offers turnkey POS solutions for the convenience store/petroleum market. We build custom, integrated POS solutions around the Ruby terminal, said Scott Rosen, CBE IT Director. The Ether232POS allows us to enhance our solutions with cost-effective IP network connectivity.

Ottawa-based Precidia is a designer and manufacturer of IP access devices for a variety of industries, including retail payments and building automation. Its suite of wired and wireless access devices migrate standalone serial and dial equipment onto more sophisticated IP networks.

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