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Hypercom Provides Payment Terminals for Successful Contactless-Enabled Mobile Phone Payment Trial in Australia

  //house-home.news-articles.net/content/2008/11/2 .. led-mobile-phone-payment-trial-in-australia.html
  Published in House and Home on Tuesday, November 25th 2008 at 8:09 GMT by Market Wire
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SCOTTSDALE, Ariz.--([ BUSINESS WIRE ])--Hypercom Corporation (NYSE: HYC) today announced that it has provided contactless-enabled payment devices for the successful consumer trial launched recently at Melbourne's Docklands in Australia. The program allows consumers to make purchases by waving their NFC-enabled mobile phones over contactless readers integrated with Hypercom's Optimum T4200 family of devices.

"Customers immediately embrace the idea of using their cell phones like a payment card," said T.K. Cheung, Managing Director, Asia-Pacific, Hypercom Corporation. "It's fast, and there is virtually no learning curve, with our high security products giving complete confidence in the payment process."

The Optimum T4200 product family consists of six powerful, multi-application devices with a consistent "look and feel," based on the same user-friendly and space-saving ergonomics. The T4200 series joins a full array of high-performance Optimum countertop, multi-lane, wireless and portable terminals that have been adopted by leading banks, retailers and independent sales organizations globally since Hypercom introduced its first 32-bit Optimum product in 2004.

The Australian trial includes 12 merchants and 200 consumers who have configured their phones to support contactless payments by remotely downloading a software application on their SIM card. The trial will continue for several more months, and is expected to show a high level of consumer acceptance for this new means of payment.

This is the second successful mobile payment trial using Hypercom products. Earlier this month, Hypercom announced that Intermarche, one of France's leading retailers with almost 1,500 retail outlets, has installed Hypercom technology as part of the Payez Mobile Trial for NFC payments in two test sales outlets in Caen and Strasbourg, two cities in France.

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, 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 and 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