SCOTTSDALE, Ariz., November 10, 2009 - Hypercom Corporation (NYSE: HYC) today announced that Westpac Banking Corporation, one of Australia's largest financial services organization by market capitalization, has selected and will deploy thousands of Optimum T4200 countertop terminals to merchants throughout Australia. Under the terms of the five year agreement, Hypercom will also service Westpac's entire installed base of more than 80,000 terminals. Hypercom was selected as Westpac's supplier after a rigorous RFP process. The T4200 terminal roll out, one of the payment industry's largest ever in the region, will commence in early 2010. The parties estimate that Westpac will purchase terminals and services valued at approximately $50 million from Hypercom over the five year initial term of the contract.
"Westpac Banking Corporation is highly respected for its leadership, performance, innovation and unwavering singular focus on its customers. Their decision to switch to Hypercom represents a huge market share gain for the company in Australia and New Zealand, considerably expands our footprint, and is a superb endorsement of our company and our products," said Jacques-Herve Maupin, Managing Director, Hypercom Asia Pacific.
Hypercom's Optimum countertop and mobile series has received PCI PED security approval, MasterCard Worldwide Payment Terminal Security approval for IP and wireless communication and EMV Level 1 & 2 certifications for chip card transactions. All models share the same platform, user interface and software toolkit to maximize efficiency, application portability and offer customers a broad range of options to serve any market need.
For additional information please visit http://www.hypercom.com/products/
About Westpac Banking Corporation (www.westpac.com.au)
Westpac Banking Corporation is ranked in the top five listed companies by market capitalization on the Australia Securities Exchange Limited (ASX). Westpac is strategically focused on Australia, New Zealand and the near Pacific, maintains over 1,200 branches and serves about 10 million customers. Westpac merged with St. George Bank in 2008, Bank of Melbourne in 1997, Challenge Bank in 1995, and Trust Bank in New Zealand in 1996 and acquired Rothschild Australia Asset Management and parts of BT Financial Group in 2002.
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 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 acceptance of new products and services, capability, security, competitiveness and performance of products and services, expected customer purchase volumes, 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.
