Accesspoint to Roll Out Hypercom’s Value-Added epic Applications to Merchants Nationwide
CONTACTS:
Tom Djokovich, 949/852-8526
Accesspoint Corp, Irvine, CA
investors@accesspoint.com
Pete Schuddekopf
Hypercom Corporation
602.504.5383
pschuddekopf@hypercom.com
Alliance Consulting Group (For Accesspoint)
Larry Hartman, 800/229-2682
www.AllConsultGroup.com
Jim Nickerson
Lois Paul & Partners (For Hypercom)
415.262.1909
jim_nickerson@lpp.com
FOR IMMEDIATE RELEASE
PHOENIX, AZ and IRVINE, CA, June 19, 2001 – Accesspoint Corporation (OTCBB: ASAP), a leading provider of Internet-based financial transaction processing systems, today announced that it will begin rolling out Hypercom’s electronic signature and receipt capture, customized receipts and on-screen terminal (POS) advertising applications for merchants using Hypercom’s consumer-activated, touch screen-equipped ICE series card payment terminals. Accesspoint is also deploying Hypercom’s IEN 6000 integrated access network devices, and Visual HDT (VHDT) C++-based developer’s software.
“Together with Hypercom, we are bringing to market value-added wireless, Internet-based and smart card applications that allow merchants to generate new revenues and increase their competitive edge. These new applications will give our sales channel a compelling differentiator in the competitive ISO market. They also have the potential to significantly impact our bottom line,” said Al Urcuyo, Office of the President, Accesspoint.
“Merchants are very clearly demanding sophisticated, revenue-generating, tamper-proof solutions at the point-of-sale. That’s what Hypercom delivers, and we are pleased to support Accesspoint in this endeavor,” said Jairo E. Gonzalez, President, Hypercom Transaction Systems Group.
Hypercom’s epic (ePOS-infocommerce) electronic signature and receipt capture service (ERC) creates a paperless system that securely stores and retrieves credit card receipts and signatures on demand, reducing the merchants need to manually retrieve paper receipts. Hypercom ERC combines secure front-end signature capture with a secure back-end receipt storage and retrieval platform. Customers simply swipe their card, interact with the terminal through the intuitive touch-screen displays, and sign directly on the screen. All receipt data, including the cardholder’s signature, is electronically transmitted, captured and stored on secure servers. Signature and transaction data are locked together as a single image and time-stamped for fraud prevention.
Hypercom’s POS advertising service allows merchants to generate custom logos on receipts, and display and send sophisticated interactive messages and revenue-generating incentives to the customer when they are interacting with, and have their attention focused on, Hypercom’s ICE terminal at the point-of-sale. Coupon choices, messages and loyalty program rewards can also be printed on to the receipts to build customer loyalty and generate incremental revenue. Additionally, Hypercom’s VHDT gives software developers the ability to quickly develop or customize applications to meet the needs of their unique merchant environments.
Accesspoint will also deploy Hypercom’s industry leading IEN 6000 networking product within its network, which will allow for the routing of transactions from Hypercom ICE terminals located at merchant sites directly to the Accesspoint network of secure servers.
This front-end terminal management capability will allow Accesspoint merchants to integrate their point of sale business practices with Internet storefronts provided by Accesspoint. Merchants will be able to receive orders from on-line stores at their retail location from the ICE terminal, and without the requirement for an Internet-connected personal computer, and also receive e-mail messages directly from their terminal.
Additionally, these applications will be synchronized with the merchant’s website enabling full integration between a merchant’s on and off line sales activities.
These services will also enable Accesspoint to be the “front end” for transactions initiated by Hypercom terminals, giving Accesspoint, and its sales groups, access to transactional and monthly revenue from a previously untapped market.
The multi-function epic ICE card payment terminal line is an ideal platform for a wide range of value-added functions for large national retailers, chain stores, supermarkets and other retail environments. The high performance, Internet-enabled terminal and web appliance features, a touch screen with graphics display and pen input screen, make it extremely easy for consumers to operate.
About Accesspoint
Accesspoint has been serving thousands of merchants nationwide since 1995 and has combined its mature Application Services technology platform with its unique relationships with Chase Merchant Services LLC and First National Bank of Omaha to provide bundled payment acceptance and business management services. These programs provide customers with multiple payment acceptance capabilities including credit card and check transaction, a fully operational e-commerce and business management Web site, and a central Web-based management system for servicing both the brick-and-mortar and Web-based sides to each business.
About Hypercom (www.hypercom.com)
Hypercom Corporation is the leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants, and acquirers. Hypercom`s products include secure card payment terminals and web appliances, networking equipment, and software applications for e-commerce, m-commerce, smart cards, and traditional payment applications.
Headquartered in Phoenix, Hypercom maintains an installed base of more than 4 million card payment terminals, which operate seamlessly with the products of its Network Systems Division. These solutions are installed in over 100 countries and conduct more than 2.85 billion transactions annually.
Hypercom is a registered trademark of Hypercom Corp. 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.
This news release contains forward-looking statements regarding Accesspoint`s business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company`s risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital until the company can fund itself directly from operations, its ability to expand its ISO network and its ability to attract additional customers. The forward-looking statements contained in this news release speak only as of the date hereof and Accesspoint disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Accesspoint`s expectations or future events.
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