Wakefern Food Corporation Selects and Deploys Hypercom Payment Terminals
Consumer Activated Terminals at 205 ShopRite Supermarkets in
5 States Will Serve up to 4 Million Consumers Weekly
PHOENIX, July 26, 2001 – (Hypercom Corporation: NYSE: HYC) -- Wakefern Food Corporation, the distribution arm for ShopRite Supermarkets, has selected and is installing more than 4,000 smart card-enabled Hypercom ICE 6000 card payment terminals across the ShopRite chain. The terminals are already installed and operating in more than 170 supermarkets. When the installation is completed, the high performance ICE terminals will handle up to
4 million consumer transactions every week.
"Hypercom`s ICE card payment terminal is reliable technology that will allow us to deliver new value-added services to the retail countertop," said Alan Aront, vice president of Wakefern`s Communications and Information Services Division.
"Hypercom`s browser-powered, consumer-activated ICE 6000 card payment terminal is a powerful solution that meets the ever increasing needs of sophisticated multi-lane retailers. The large color touch-screen displays are extremely easy for consumers to use, speeding up the transaction process and even allowing interactive coupons to be selected at the checkout. The terminals will also enable Wakefern to support smart cards, which are gathering momentum in the US," said Jairo E. Gonzalez, president, Hypercom Transaction Systems Group. "Wakefern is a leader in the supermarket industry, and we are gratified by this endorsement of our epic strategy and products."
Hypercom`s ICE 6000 is specifically designed to meet the needs of the multi-lane payment terminal and systems market, which generally includes the top 100 US and selected global retailers, including supermarkets, department stores, chain drug stores, mass merchandisers and other retailers.
The multi-function ePOS-infocommerce (epic) ICE 6000 card payment terminal is packed with value-added features. The high performance, Internet-enabled terminal and web appliance features a large 5.7", 256-color ¼ VGA touch screen graphics display and pen input screen.
The ICE 6000 comes equipped with a variety of communications options, including ethernet TCP/IP, and has been successfully interfaced to ShopRite`s POS registers and in-store systems. The ICE 6000 also incorporates a firewall-protected multi-application operating system, EMV chip card capability, secure PIN pad, and built-in HTML/HTTP web browser.
In addition to the embedded applications, the ICE 6000 supports a range of value-added applications and services including: electronic receipt capture, e-mail, on-screen advertising, interactive electronic coupons, and cash management reporting through a standard browser – as well as secure credit, debit and smart card functions.
About Wakefern (www.shoprite.com)
Wakefern Food Corporation, headquartered in Elizabeth, New Jersey, is the nation`s largest retailer-owned co-operative and the wholesale, merchandising and distribution arm of ShopRite supermarkets. ShopRite supermarkets are located throughout New Jersey, New York, Connecticut, Pennsylvania and Delaware.
About Hypercom (www.hypercom.com)
Hypercom Corporation (NYSE: HYC) is the leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers. Hypercom`s products include secure web-enabled transaction terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications.
The company`s widely-accepted ePOS-infocommerce (epic) framework of consumer-activated, EMV-certified , touch-screen ICE (Interactive Consumer Environment) terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.
Headquartered in Phoenix, Arizona, Hypercom is independently acknowledged as the leading provider of point-of-sale card payment terminals worldwide. Demand for Hypercom`s terminals surpassed one million units last year alone. Hypercom today maintains an installed base of more than 4 million terminals in over 100 countries which conduct over 10 billion transactions annually.
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Hypercom is a registered trademark of Hypercom Corporation. ICE and ePOS-infocommerce are 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.
Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although management of Hypercom believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in Hypercom`s SEC reports, including the company`s most recent 10K and subsequent 10Qs.
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