01.06.2011 15:27:00
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SecuTrans Selects Hypercom’s Optimum Systems with EMV Payment Application
Hypercom Corporation (NYSE: HYC) today announced that SecuTrans Bank Card Service, a leading credit and debit card merchant service provider in Canada, has selected and will deploy Hypercom’s Optimum countertop and mobile payment systems with SPOS32 MSR/EMV software application to its merchant customers. Hypercom’s systems replace an incumbent provider’s product and were selected in head-to-head competition with other global payment providers. Financial terms were not disclosed.
"Hypercom’s Optimum systems with EMV software give our merchants the highest quality and most robust card payment systems on the market. And we can securely and remotely download the EMV application using Hypercom’s HyperSafe® Secure and Term-Master® Suite management systems to protect our merchant customers and their investment,” said Leon Tang, President of SecuTrans Bank Card Service.
"Optimum sets a new standard for electronic payments through advanced security features that provide a safe shopping experience for consumers, dependability for merchants and the lowest total cost of ownership for customers,” said Brent Smith, Country Manager, Hypercom Canada. "SPOS32 is our premier, feature-rich, off-the-shelf payment application for our Optimum products. The software will easily migrate to our next generation products, has an electronic cash register interface for use by an array of customers, speeds up transactions and bolsters card payment security.”
Hypercom’s high security PCI approved and Interac-certified Optimum fixed countertop and mobile payment terminals in Canada include the Optimum T4210 (dial), T4220 (Ethernet with dial), T4230 (GPRS with dial) countertop and M4230 GPRS and M4240 Bluetooth mobile card payment terminals.
For information on Hypercom’s full X509 PKI (public key infrastructure) HyperSafe® Secure security layer that is incorporated in every Optimum terminal, please click here.
For information on Hypercom’s plug-and-play Term-Master Suite terminal management system for customers to quickly and cost-effectively download, initialize and control entire terminal populations from one central location, please click here.
About Hypercom
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions 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, self-service 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.
About SecuTrans Bank Card Service
SecuTrans Bank Card Service, under the operation of SecuTrans Inc. in Markham, Ontario, was founded in 2006. Over 5 years, SecuTrans has become a solid, fastest growing ISO in Canada. SecuTrans always cooperates with industry leaders and offers secure, flexible and affordable bankcard processing products and services to Canadian merchants.
Hypercom, Term-Master, Hypersafe 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, product capability and performance, product competitiveness, product sales, revenues and profits and market share. 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; risks associated with international operations and foreign currency fluctuations, the state of the U.S. and global economies in general, risks associated with the Company being merged with and into VeriFone Systems, Inc. as contemplated by a definitive merger agreement between the companies, and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K, as amended, 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
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