Message #38 From:
NewsBot Date: December 18, 2006 06:29:00 AM
HYC News EFG Eurobank Selects Hypercom Payment & Networking Devices to Support Regional Network, Names Hypercom Provider of Choice
WOKING, England & PHOENIX--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) today announced that Athens-based EFG
Eurobank has selected Hypercom as one of its short listed vendors for
card payment and networking devices. The banking group has purchased
more than 5,000 Optimum T2100 dial and IP-enabled card payment terminals
plus multiple networking devices over the last nine months as part of a
major expansion of its regional payment network throughout Central and
Eastern Europe.
The number of Hypercom terminals in Eurobank’s
transaction payment network in Greece has reached 30,000 units, which
represents more than 50% of Eurobank’s total
terminal installed base. Eurobank’s electronic
payment network also uses Hypercom’s
networking devices to route transactions to their central host in Greece
and the other countries in which they operate. As a result Eurobank has
been able to extend its electronic payment service to merchants
throughout Central and Eastern Europe.
The purchase agreement was secured by Altius-IT Solution, the
distributor of Hypercom products in Greece, Cyprus and Bulgaria. System
integration and implementation support, including software development,
network design, support and field services, are being provided by
Hypercom’s authorized service partners
strategically located in Bulgaria, Serbia, Romania, Cyprus and Greece.
“This contract is a major step forward for
Hypercom in this region and another solid win for the Optimum T2100,
which delivers a first-class product in terms of both transaction speed
and security,” said Kazem Aminaee, Senior Vice
President and Managing Director, Hypercom EMEA.
The Optimum T2100 is a high-speed countertop terminal based on a 32-bit
RISC processor with 12 megabytes of memory, with dial, Ethernet and GPRS
communications options to speed installation and ease migration. It also
features EMV 4.0 and Visa PED certification with Triple DES, SSL and RSA
cryptographic support and a secure casing to deliver the tightest
security and durability.
Hypercom’s IEN networking devices feature a
chassis fitted with ISDN and IP cards for transaction concentration and
routing from terminals from any manufacturer to a central host.
“Hypercom is now one of our short listed
vendors for electronic payment and transaction networking solutions that
give the Bank competitive advantages to penetrate and win in the local
market. Our cooperation with Altius has further enhanced our presence in
Greece and abroad with the development of new services,”
said George Kotsolakis, General Manager of Eurobank Cards.
“By working together with Hypercom, we have
been able to migrate to the new multi-functional POS terminals
supporting the payment, loyalty, Alphyra top-up and service applications
for Eurobank in Greece and other Eurobank markets. Hypercom’s
IEN solution for point-of-sale networking is the key element in our
service strategy for Eurobank in the future,”
said Petros Petrou, Managing Director of Altius-IT Solution.
Eurobank EFG group was established in 1990 as “Euromerchant
Bank” aiming at providing mainly investment
services. Today, Eurobank EFG group is the leader in Greece in consumer
lending, mutual fund management, investment banking, equity brokerage
and life insurance. It is also the largest lender to small businesses in
Greece and among the largest lenders to large Greek corporates of the
private sector. In the wider area of Southeastern and Central Europe,
Eurobank EFG group ranks among the top banks in all countries where it
is present, namely Bulgaria, Romania and Serbia-Montenegro. In 2006,
Eurobank EFG group entered the banking markets of Poland and Turkey.
Eurobank EFG group employs over 17,000 people and offers its services in
Greece and abroad both through its network of more than 900 branches and
points-of-sale, and through alternative distribution channels.
ALTIUS is a dynamic Group of companies offering products and services as
a Multi-service solutions provider to the client focusing on quality,
reliability and support. The Group’s main
activities consist of offering solutions in the field of electronic
payment systems, as the authorized distributor of Hypercom
in Greece, Cyprus and Bulgaria. The Group services a major part of
the electronic payment systems market in these countries as well as in
the Balkans (Bulgaria, Fyrom, Serbia) and the Middle East (United Arab
Emirates). In Greece, ALTIUS has succeeded in servicing more than 40,000
card payment terminals in Greece (including more than 30 islands),
routing through Hypercom’s IEN networking
devices almost one in every two transactions conducted in Greece.
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
