Message #41 From:
NewsBot Date: February 14, 2007 06:30:00 AM
HYC News Hypercom Introduces New Version of SmartPayments Server
PHOENIX--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) today introduced added payment processor support and essential time and cost saving enhancements in a new version of its SmartPayments Server, an advanced PC-based solution for merchants who want to easily and securely process payments in five seconds or less. Designed for resale or as a service by merchant acquirers, Independent Sales Organizations (ISOs) and others, Hypercom’s SmartPayments Server software can be used with any payment device by any merchant to capture, encrypt and route transactions for authorization over the Internet (IP), dial and wireless protocols supporting multiple industries including retail card-present, mail-order/telephone-order (MOTO), Internet and e-commerce transactions.
Many small to medium-size retailers, restaurants and other businesses today rely on outdated back office payment software that makes the loading of software and recording and processing of transactions cumbersome at best. Hypercom’snew SmartPayments Server streamlines those tasks, and also facilitates the processing of loyalty cards, convenience charges, tip adjustments, signature capture and check retrieval for charge-backs. The new software provides acquirers, ISOs and Hypercom resellers with a powerful new, state-of-the-art solution to stand out from the crowd, grow their business and lower their costs.
Key new features of the latest version of SmartPayments Server include:
Certification by more payment processors, including ECHO Payment Processing, First Data Omaha, Fast Check Cyclone, Global Payments, Heartland Payment Systems, Chase Paymentech Solutions and TSYS Acquiring Solutions gives merchant acquirers, ISOs and retailers more choices for their payment processing needs.
Tip adjustmentand configurable Tip inputgraphical interfaces for fast and easy entry of tip amounts to each transaction through the PC’s browser-based visual user interface, or programmatic application programming interface (API) for integrated solutions, before batching all of the day’s transactions for settlement.
Loyalty program processing that includes maintaining the loyalty cardholder database, accessing reports on frequency of purchase, average spend and other key data to conduct target marketing, offer optimal rewards for repeat shoppers, such as frequent diner and customer discounts.
Storage and support for convenience fees, enabling businesses to print the fee on the customer’s receipt and then store the data according to CISP security mandates.
Check image retrieval application programming interface, for uploading to high security check image repositories and virtually instantaneous access as needed.
Signature capture storage and retrieval, for charge back protection.
Supports Microsoft SQL Server 2005 to ensure maximum performance, scalability, and security.
Hypercom’s SmartPayments Server gives businesses faster transaction processing, seamless updates, lower costs, cross platform support and enhanced security. It delivers an easy to integrate, secure, reliable, scalable and high performance ePayment solution that meets the needs of stand-alone merchants, multi-lane retail outlets, enterprise multi-channel merchants, on-line merchants operating their own Web sites, large Internet Service Providers hosting multiple merchant sites and more.
Switching to Hypercom
Several companies have already switched to the new Hypercom SmartPayments product line including merchant acquirer Heartland Payment Systems and ISOs Datalink Bankcard Services, Merchant Warehouse, Merchant Services Network and Transaction Processing Partners of Texas.
“Hypercom’s SmartPayments is a high speed, high security self-contained Web-based point-of-sale system that will allow our merchants to process transactions faster and more affordably, and give us near real time reporting and troubleshooting options to ensure their transactions are properly handled. It simplifies life for transaction delivery, lets our customers deliver transactions easier and gives us more tools to ensure that the process works efficiently,” said Todd Giblette, Merchant Warehouse Vice President of Business Development. “SmartPayments is a quality system with a very high level of dependability, established track record and great reputation that makes it easier for us to exceed customer expectations when it comes to service, accuracy, speed and quality.” With more than 50,000 merchants, Merchant Warehouse will with its VAR channel use Hypercom’s SmartPayments Server to support the deployment of integrated payment solutions.
“Embedding SmartPayments into our payment switch gives us a robust and extremely reliable engine that enhances our eCommerce, MOTO and retail offering,” said Steve Odom, President, Datalink Bankcard Services. “Working with such a great and knowledgeable team makes the integration a smooth experience.”
“This newest release of SmartPayments Server adds to our product’s already strong features and functions and, in doing so, strongly positions Independent Sales Organizations to enter new markets and set themselves apart from their competitors faster and more economically than ever before,” said Bill Pittman, Hypercom Payment Solutions Group Vice President.
The Hypercom SmartPayment Server is a platform built on .NET that leverages Web services as a backbone for processing integrated payment processing transactions with business critical processes and ubiquitous client-side input devices. Certified with multiple U.S. payment processors and working across multiple vertical industries, the Payment Server uses the Internet as a low cost, high speed, secure communications network for delivering lightning fast secure payment transactions while enabling payments to be processed on any device at any time and anywhere.
Global payment technology leader Hypercom Corporation (NYSE: HYC) 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.
Hypercom is a registered trademark of Hypercom Corporation. SmartPayments is a trademark 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 performance, product sales, revenues and profits. 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; the performance of suppliers and subcontractors; 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. 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
