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Hypercom and TASQ Introduce Optimum T4205 Payment Terminal in Canada

^{Published on 2008-12-09 10:21:10 - Market Wire}
 

SCOTTSDALE, Ariz. & TORONTO--([ BUSINESS WIRE ])--Hypercom Corporation (NYSE: HYC) and TASQ Technology today announced that TASQ will market Hypercom's new 32-bit Optimum T4205 to the Canadian marketplace. This sleek entry-level device is an ideal terminal for small independent merchants throughout Canada. The two companies have entered into an agreement under which TASQ has exclusive rights to distribute the product in Canada for one year.

The T4205 shares the same platform and compact form factor inherent in Hypercom's T4200 line of products. It features a clear and intuitive keypad, large memory and high speed processor for fast transactions, all secured by HyperSafe®32, Hypercom's exclusive RSA-based security infrastructure. The terminal is PCI PED approved and Interac certified. It supports three languages (French, English and Spanish) and can quickly and efficiently process debit, credit, smart card and value-added transactions such as gift/loyalty.

"The T4205 is an excellent entry-level solution for small merchants looking for an upgraded EMV/Interac terminal replacement. We anticipate considerable demand in both the Canadian market and United States where the T4205 is being introduced simultaneously and distributed by TASQ," said Shan Ethridge, General Manager, TASQ Technology.

"The T4205 speeds certification time and time to market. Customers who have certified our T4210 or T4220 terminals are ready to go with the T4205 and do not have to re-certify existing software. The quality assurance, service and support training has already been done," said Paul DeRosse, Country Manager, Hypercom Canada. "TASQ Technology is a well established partner in Canada and is in a highly respected position to successfully market and support the T4205 throughout Canada."

For additional information, please visit: [ http://www.hypercom.com/products/T4205.asp ].

For an image of Hypercom's Optimum T4205, please visit: [ http://www.hypercom.com/library/photos/photospage.aspx?cat=&sel=t4205 ].

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, Hypersafe 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