Hypercom's Optimum T2100 Card Payment Terminal Debuts in Russia Through Visa Smart Breakthrough Acceptance Device Program30 September 2005
Hypercom Corporation (NYSE: HYC) announced today that Visa in Russia is now offering Hypercom's Optimum T2100 card payment terminal to banks and retailers throughout Russia and the Commonwealth of Independent States. The decision reflects the rapid growth of electronic payments in Russia and the earlier selection of the T2100 for the Visa Smart Breakthrough Acceptance Device Program, established to promote the use of point-of-sale devices that comply with the global EMV standard for chip-based debit and credit cards. (Photo: http://www.newscom.com/cgi-bin/prnh/20050929/LATH012 ) "So far 22 banks in Russia are issuing Visa smart cards. As part of Visa's campaign to encourage more banks to follow suit, the deadline of the January 2006 liability shift plays a significant role," said Oleg Makhotin, Chip Payment Solutions Manager, Visa International CEMEA (Central Europe, Middle East and Africa). "Hypercom's Optimum T2100 offering brings a cost-effective, EMV compliant POS terminal to member financial institutions months ahead of the deadline." The T2100 is a high-performance, easy-to-use, hand-over countertop unit that can handle debit and credit transactions as well as gift and/or loyalty cards and other value-added capabilities. Key features that led Visa in Russia to select the T2100 include:
* High-speed transactions based on a 32-bit RISC processor with 12 megabytes of memory. * Integrated printer with drop-in loading and speeds of 15 lines per second (lps) including graphics, faster than the standard 12.5 lps without graphics. * High-contrast graphic LCD screen and large color-coded keypad with clear user prompts for fast data entry/key strokes. * Dial, Ethernet and GPRS communications options to speed installation and ease migration. * Stringent security achieving EMV 4.0 and Visa PED certification with Triple DES and RSA cryptographic support and secure casing to deliver the tightest security and durability.
The T2100 software development kit (SDK) is compatible with local Host systems like CTL, Compass+, BPC, Tieto Enator, Openway and ACI. The unit also provides both V.90 and Ethernet support, with the full networking infrastructure and interface to existing electronic cash register systems. "Visa CEMEA's selection and rollout of our Optimum terminal in the Russian market gives us an excellent opportunity to secure solid market share as the adoption of electronic payments throughout the country continues to rise," said Martin Croot, general manager, Hypercom EMEA. "This is a strong endorsement of our product design and an important step in the continuing evolution to the EMV standard." Since the introduction of the Visa Smart Breakthrough Acceptance Device Program, the migration of electronic point-of-sale terminals to the EMV standard has surged from 750,000 at the inception of the program in 2002 to more than two million in 2004. EMV is the standard created by Europay, MasterCard and VISA International to ensure that all Europay, MasterCard, and VISA branded smart cards and all smart card reading terminals work together to deliver global interoperability and enhanced security.
About Hypercom (http://www.hypercom.com) Widely recognized as the global payment technology innovator, Hypercom delivers complete card payment terminal, network access device, server and transaction networking solutions that help merchants and financial institutions generate revenues and increase profits. Hypercom's card payment terminal, network and server solutions are leading the transformation of electronic payments in more than 100 countries. The company is headquartered in Phoenix, Arizona.
Hypercom is a registered trademark of Hypercom Corporation. Optimum and Design is a trademark 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
Contacts: Pete Schuddekopf Guy Boxall Hypercom Corporation Hypercom EMEA 602.504.5383 +44.1483.718600 pschuddekopf@hypercom.com gboxall@hypercom.com
Source: http://www.prnewswire.com/
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