Message #36 From:
NewsBot Date: November 29, 2006 06:28:00 AM
HYC News Hypercom T2100 Terminals Being Deployed in New Bangkok Airport
PHOENIX--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) announced today that the new Thailand
Suvarnabhumi International Airport in Bangkok has selected Hypercom’s
Optimum T2100 payment terminal as the preferred choice for card payment
solutions. More than 1,000 units are being deployed in the airport’s
retail outlets and duty free shops. The adoption adds to the 20,000
T2100 units that have been installed by retailers in Thailand since its
introduction in October 2005.
The terminals at the airport were offered to retailers by the country’s
two major banks: Siam Commercial Bank (SCB) and TMB Bank (TMB). The
airport opened in September.
“SCB has been using the T2100 since last year
and we have been getting positive feedback from our customers’
cashiers that it is very user-friendly especially with the large tactile
keypad. The terminal also fits the bank’s
requirement in supporting multi-applications like China UnionPay and
Contactless Cash Card payment,” said Mr.
Pradeep Roy, EVP, Products & Marketing Division of Siam Commercial Bank.
“We have been deploying the T2100s to many of
our retailers and have found them to be highly reliable and able to
deliver secure transactions at high speed. It is with this in mind that
we decided to deploy them at the airport,”
said Miss Saipin Kittipornpimol, Chief of Information Technology Group
of TMB Bank.
The Optimum T2100 is a high-speed 32-bit EMV 4.0 and Visa PED-certified
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.
"The T2100 has further reinforced Hypercom's leadership and strong
market presence in Thailand, increasing our 2006 market share by another
5-10%,” said Mr. Yongyut Asawawasriworanant,
Hypercom Thailand Country Manager.
Other Optimum models for merchants include the M2100 mobile payment
terminal, which uses wireless GSM or GPRS communications to transact
payments for mobile businesses such as pizza delivery, sporting events,
market traders, shopping kiosks and taxis.
Siam Commercial Bank PCL was Thailand's first indigenous bank,
established in 1906 under Royal Charter. According to unconsolidated
financial information filed with the Bank of Thailand, the Bank was
Thailand's fourth largest commercial bank in terms of total assets,
deposits and loans.
As of March 31, 2006, the Bank had, on an unconsolidated basis, 919.0
Baht billion in total assets, Baht 728.2 billion in deposits and Baht
622.7 billion in loans. The Bank has been listed on the SET since 1976.
The Bank provides a full range of financial services, including
corporate and personal lending, retail and wholesale banking, foreign
currency operations, international trade financing, cash management,
custodial services, credit and charge card services and investment
banking services, through its head office and its extensive branch
network.
Founded on 8 November 1957, TMB Bank Pcl operates a commercial banking
business under a license granted by the Ministry of Finance, and with
consent given by the Bank of Thailand. It also operates a securities
business licensed by the Ministry of Finance and agreed to by the
Securities Exchange Commission.
The Bank aims to respond to the needs of its clients through its 451
branch network, 96 foreign exchange centers, 1,674 ATMs, as well as its
electronics banking systems. Its business encompasses commercial
banking, offshore banking, investment banking, and other businesses as
permitted by the regulatory authorities, including acting as an
insurance agent for its alliance insurance companies.
Listed on the Stock Exchange of Thailand, the Bank is the fifth largest,
by total assets, in the Thai Banking System. As at 30 June 2006, its
total assets are valued at 769,535 million baht.
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 growth, 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,
subcontractors and distributors; 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
