PARIS, Cartes & IDentification 2009, November 16, 2009 - Hypercom Corporation (NYSE: HYC) today announced that its Wymix® PIN Pad has received Visa® payWave certification. The Wymix with built-in contactless antenna can be used to process payments made by contactless cards as well as NFC-enabled mobile handsets. The contactless Wymix PIN Pad is deployed with major French retailers.
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 cards and mobile payment programs is increasing in many European countries and various pilots are in progress throughout the region, organized by banks, mobile phone and public transport operators. In France, several major retailers have chosen to upgrade their systems using the Wymix PIN pad in preparation for the upcoming roll out of contactless cards and NFC mobile payment pilots.
"Many of the top retailers in Europe are committed to deploying the most innovative and cost effective electronic transaction solutions in their stores. The speed, security and convenience of contactless payments coupled with Hypercom's Wynid® Server and Wymix PIN Pad offer the retailer the state of the art in card payment solutions and their customers faster check-out times and an improved payment experience," said Kazem Aminaee, Managing Director, Southern EMEA, Hypercom Corporation.
Hypercom's Wymix has already received several other international certifications including MasterCard PayPass®, PCI PED, and EMV Level 1 & 2. For information on Hypercom's Wymix PIN Pad visit http://www.hypercom.com/products/wymix.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, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.
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Hypercom, Wymix and Wynid 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 capability and performance, product competitiveness, product sales, revenues and profits, 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; 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.
