Message #32 From:
Stock News Bot Date: November 9, 2006 12:30:00 AM
HYC News Hypercom Delivers 5,000+ Optimum Card Payment Terminals to Leading Ukraine Bank
PARIS--(BUSINESS WIRE)--CARTES 2006– Hypercom Corporation
(NYSE: HYC) today announced that Ukraine’s
PrivatBank has increased its point-of-sale network with more than 5,000
Hypercom Optimum T2100 and M2100 card payment terminals, including both
IP and GSM/GPRS models. The terminals allowed PrivatBank to extend its
electronic payment services to merchants in the most distant parts of
Ukraine while also enabling Hypercom to maintain its leading market
share in the country.
The card payment terminals were supplied by Servus Systems Integration
(SSI), the distributor of Hypercom products in Ukraine. PrivatBank
selected SSI because of the high level of technical support, consultancy
and training services they can offer the banking network.
“This contract underpins Hypercom’s
strong position in Ukraine, giving us an excellent opportunity to
maintain solid market share as the adoption of electronic payments
throughout this region continues to rise,”
said O.B. Rawls IV, Senior Vice President, International Sales, Hypercom
Corporation. “It also reflects the strength of
the Optimum product line and the reputation of SSI in the local market.”
Key features of the T2100 include:
High-speed transactions based on a 32-bit RISC processor with 12
megabytes of memory.
Integrated printer with drop-in loading and speeds of 15 lines per
second (lps) including graphics, faster than the standard 12.5 lps
without graphics.
High-contrast graphic LCD screen and large color-coded keypad with
clear user prompts for fast data entry/key strokes.
Dial, Ethernet and GPRS communications options to speed installation
and ease migration.
EMV 4.0 and Visa PED certification with Triple DES and RSA
cryptographic support and secure casing to deliver the tightest
security and durability.
The Optimum M2100 is an always-on, battery-operated, easy-to-carry
mobile card payment device that accepts both magnetic stripe and smart
cards. The unit features a full range of wireless connectivity options,
EMV and Visa PED security certifications, long battery life, and the
ability to withstand outdoor as well as indoor use.
“The expansion of our POS network is a step to
realization of the bank’s strategy to be
closer to the client,” said Nikita Volkov,
Deputy Chairman of PrivatBank. “We want to
provide maximum comfortable and safe payments in a trading network for
our clients. Consumers will be able to pay for purchases quickly and
easily with the plastic card in any Ukrainian city, regional center or
village.”
“This is an important agreement that is the
product of our long-standing relationship with Hypercom as well as the
quality of their equipment,” said Elnura
Mamedli, Deputy General Manager of SSI. “By
working together, we have been able to lead the POS hardware market in
Ukraine and position ourselves to sustain that leadership as the market
continues to mature.”
PrivatBank is one of the top Ukrainian banks. Nationwide, PrivatBank’s
servicing network consists of 2,000
branches and offices all over Ukraine. PrivatBank is the largest
retail bank: as of March 1, 2006 it maintained 9.5 million personal
accounts, and the total personal deposits’
sum comprised UAH 10,711 Million. PrivatBank is the superior issuer and
service operator of plastic cards in Ukraine. Currently, PrivatBank’s
number of issued cards exceeds 9.4 million, and there are 3,142
ATMs and 16,626 POS-terminals in its card servicing network.
SSI is one of the leading companies in the field of self-service and
payment systems technologies. The dominant activities are self-service
systems, software support for payment systems, warranty and
post-warranty service for the solutions provided in all regions of the
Ukraine, and training and consulting services.
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, 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 & 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
