Message #46 From:
NewsBot Date: March 12, 2007 06:30:00 AM
HYC News Hypercom Achieves EURO 6000 Certification
WOKING, United Kingdom & PHOENIX--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) announced today that it is entering Spain’s savings banking sector and commencing product sales, effective immediately. The actions follow certification of the Optimum T2100 card payment terminal for use in the country by the EURO 6000 Savings Banks.
“We are bringing to this important country’s banking and retail sectors high security, multi-application information and transaction payment products and networking devices that expedite the fast and secure transmission of vital financial and business data,” said Kazem Aminaee, Senior Vice President and General Manager, Hypercom EMEA (Europe, Middle East, Africa). “EURO 6000 is committed to enhancing the efficiency of the Spanish banking system with innovative, effective and secure payment technology. We have the products to help meet that objective, and believe that the potential market is considerable.”
The use of payment cards and terminals is escalating rapidly throughout Spain. The number of cards has jumped to more than 68 million from 10 million in 1992 with debit cards overtaking their credit counterparts four to one, according to industry sources. Nearly 15% of retail purchases are now made with cards versuscash. The installed base of point-of-sale terminals now exceeds one million, and that figure is expected to double within the next three years.
Hypercom’s Optimum T2100 is a high-speed 32-bit EMV 4.0 device with an integrated EMV-compliant smart card reader, built-in printer, large memory to accommodate multiple applications, support for multiple languages and currencies, hand-over countertop design and graphical interface that guides customers through transactions with clear prompts.
Established in the Spanish market in 1975, EURO 6000 runs with the networks and products of payment promoted jointly by its 35 Saving Banks members, and represents them before other national and international systems.
During the last 12 months EURO 6000 system dealt with a volume of 58,027 Euro million, has issued more than 14.2 million cards and its network disposes of more than 15,769 ATMs and 313,339 POSs in acquiring businesses.
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.
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 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
