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Hypercom Optimum M4200 Mobile Payment Terminals Receive InteracAssociation Device Certification for Use in Canada

^{Published on 2008-11-18 07:55:14 - Market Wire}
 

SCOTTSDALE, Ariz. & TORONTO--([ BUSINESS WIRE ])--Hypercom Corporation (NYSE: HYC) announced today that its two smart card-based 32-bit multi-application mobile electronic payment terminals in its new Optimum M4200 series have received Interac Association Chip PED Device Certification for use within the Interac Direct Payment (IDP) network. The new certification from Canada's leading electronic payment exchange standards organization covers the Optimum M4240 Bluetooth and M4230 GPRS models with integrated smart card readers.

The Optimum M4200 mobile series has already received PCI PED approval, MasterCard Worldwide Payment Terminal Security approval for IP and wireless transactions and EMV Level 1 & 2 certifications for global merchant markets. The M4200 family shares the same application development toolkit and user interface as the T4200, enabling business applications written for one platform to be quickly repurposed for the other for fast deployment. This unrivaled efficiency constitutes the most flexible platform in point-of-sale today.

"This certification gives Canada's merchants a truly breakthrough product that makes secure mobile transactions the new standard in POS," said Paul DeRosse, Country Manager, Hypercom Canada. "Our M4200 mobile terminals together with our T4200 countertop and L4150 multi-lane Optimum products give customers a complete point-of-sale solution that can be deployed in any end-use scenario regardless of communications needs."

For additional information on Hypercom's Optimum M4200 mobile payment terminals please visit [ http://www.hypercom.com/products/ ].

About Hypercom ([ www.hypercom.com ])

Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. With its acquisition of Thales e-Transactions business earlier this year, Hypercom became the second largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third largest provider globally.

Hypercom and Optimum & Design are registered trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding market acceptance of new products, product capability and performance, product competitiveness, product sales, revenues and profits, market share, and expected acquisition results and benefits. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include: industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers, contract manufacturers and subcontractors; the ability to successfully integrate the technologies, operations and personnel of acquired businesses in a timely manner; the ability to obtain the expected strategic and financial benefits from acquisitions; risks associated with international operations and foreign currency fluctuations, the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP