PARIS--(BUSINESS WIRE)--November 3, 2008--CARTES & IDentification 2008--Hypercom Corporation (NYSE: HYC) today announced that its Wymix PIN pad has received MasterCard PayPass® certification. The Wymix PIN pad with built-in antenna can be used to process payments made by contactless cards as well as NFC-enabled mobile phones.
Contactless payments provide key benefits to retailers and consumers in high transaction volume environments where speed is of the essence, including hypermarkets, quick-service restaurants and gas stations. The processing time for contactless transactions is considerably shorter than for contact card transactions, and the added convenience and efficiency this provides is beneficial to both cardholders and merchants. Additionally, the speed provided by contactless technology is projected to help drive the increased use of loyalty and other value-add applications.
Interest in contactless payment programs in France is high, and several pilots are in progress throughout the country, organized by banks and mobile phone operators. As a result of these test programs, the Wymix PIN pad incorporating contactless technology has been installed in pilots at two major retailers. One of those, the leading French retailer Intermarché with almost 1,500 supermarkets throughout the country, has been using the Wymix PIN pad in a contactless pilot that started in July.
?More and more leading French retailers are committed to deploying the most innovative and cost-effective electronic transaction solutions in their stores, and the speed, security and convenience of contactless payments offer them and their customers faster check-out times and an improved payment experience,? said Kazem Aminaee, Managing Director, Southern Europe Region, Hypercom Corporation.
Hypercom's Wymix PIN pad incorporates a chip card and magnetic stripe reader designed for integration with cash register systems at the point of sale. Already used at many thousands of points of sale throughout France, the Wymix has been upgraded to support payment with contactless cards or NFC-enabled phones. For additional information, please visit http://www.hypercom.com/products/wynmix.asp.
About Hypercom (www.hypercom.com)
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. With its acquisition of Thales e-Transactions business earlier this year, Hypercom became the second largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third largest provider globally.
Hypercom and Wymix 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 and services, capability, security, competitiveness and performance of products and services, the Company?s financial results, market share, and expected acquisition results and benefits. 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 and security of the Company?s products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers, contract manufacturers and subcontractors; the ability to successfully integrate the technologies, operations and personnel of acquired businesses in a timely manner; the ability to obtain the expected strategic and financial benefits from acquisitions; 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 and 8-Ks. 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
Source: Hypercom Corporation
