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Wed, December 22, 2010
Tue, December 21, 2010
SCOTTSDALE, Ariz. & HONG KONG--([ BUSINESS WIRE ])--[ Hypercom Corporation ] (NYSE: HYC) today announced that [ Bank of the Philippine Islands ] (BPI), one of the leading financial institutions in the Philippines with more than 800 branch offices across the country, has selected Hypercom for its card payment systems. BPI will begin deploying thousands of Hypercom Optimum payment systems to merchants across the country over a three-year mass rollout.
"BPIa™s selection of Hypercom is a vote of confidence for our company, speaks of our productsa™ competitive advantages and reinforces our footprint in this important market"
aBPIa™s selection of Hypercom is a vote of confidence for our company, speaks of our productsa™ competitive advantages and reinforces our footprint in this important market,a said Jacques-Herve Maupin, Managing Director, Hypercom Asia Pacific.
For additional information about Hypercoma™s high security Optimum product family, [ click here ].
About [ Bank of the Philippine Islands ]
Bank of the Philippine Islands serves more than 3 million individual customers and has a network of over 800 branches and 1,649 automated teller machines in the entire archipelago. It has been consistently cited and awarded globally for its above-average profitability, sufficient capital/assets, low cost funding base, and manageable non-performing loan levels.
About [ Hypercom ]
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions 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, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and 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 and market share. 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; risks associated with international operations and foreign currency fluctuations, the state of the U.S. and global economies in general, risks associated with the Company being merged with and into VeriFone Systems, Inc. as contemplated by a definitive merger agreement between the companies, 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