Message #33 From:
NewsBot Date: November 14, 2006 06:27:00 AM
HYC News Tranax and Hypercom Demonstrate ATMConnect on Tranax Mini-Bank c4000 at BAI Retail Delivery Conference & Expo
LAS VEGAS--(BUSINESS WIRE)--Tranax Technologies, a leading developer of automated teller machines
(ATMs) and self-service kiosks, and high security electronic transaction
solution provider Hypercom Corporation (NYSE: HYC), today announced that
Hypercom’s new ATMConnect service will be
demonstrated on a Tranax Mini-Bank c4000 at this week’s
BAI Retail Delivery Conference & Expo being held this week in Las Vegas.
ATMConnect is a service that upgrades dial ATMs to IP without the need
to replace the ATM machine.
The integration between Hypercom’s ATMConnect
and the Tranax hardware platform enables ATM service providers to
dramatically reduce the cost of dial-to-IP migrations, cut transaction
times by 80 percent or more, eliminate phone lines by routing
transactions over the customer’s existing
broadband or wireless connection, and improve security and management
control.
ATMConnect is a new service built around Hypercom’s
ATMConnect 5100, an Internet gateway that plugs directly into legacy
dial ATMs. This small device converts dial messages to IP, provides
secure SSL encryption of all transactions, and supports either broadband
or wireless connectivity. The “plug and play”
product eliminates the need for financial institutions, processors and
ISOs to manually input IP addresses and other information when upgrading
their ATMs.
The high-value, Tranax Mini-Bank ATMs are the retail industry’s
top selling ATM and Self Service hardware platform, with some 75,000
ATMs in North America. The Mini-Bank c4000 is considered its “best-in-class”
product combining both ATM and self-service functionality.
For a hands-on demonstration, visit Hypercom’s
booth, number 3238.
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.
Tranax leads the ATM and self-service industry in the design,
development, manufacture, and sale of self-service technology to the
retail, banking, hospitality, entertainment, and gaming industries.
Founded in 1986 by Dr. Hansup Kwon, the Fremont-based company has sold
75,000 ATMs across North America.
Hypercom is a registered trademark of Hypercom Corporation. ATMConnect
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
