Hypercom High Speed ICE Card Payment Technology Going to Hannaford Supermarkets - Millions of Transactions Annually
2000+ Hypercom Terminals & Technology Give Supermarkets New Competitive Edge With Ultra-Fast, Easy-Use Technology Faster Transactions at Check Out Lanes for Major Northeast Supermarket Chain
DALLAS, FMI Marketechnics 2003, Feb 24, 2003 --
Hannaford Bros. Co., a major Northeast supermarket retailer, has selected Hypercom Corporation (NYSE: HYC) card payment technology solutions for deployment in 100+ multi-lane stores. 2,000+ Hypercom ICE(TM) terminals and technology will speed up card payment transactions in Hannaford`s supermarkets throughout Maine, New York, New Hampshire, Vermont and Massachusetts. Hypercom`s ICE 5500M technology with HyperSafe(TM) operating system security features was chosen above all others to help achieve faster service and added functionality.
Smart, Easy-Use, Fastest Terminals = Increased Revenues for Merchants
"Hypercom developed the fastest card transaction technology because we know that time is money. For Hannaford, our focus was to help them shorten and simplify customer checkouts, be a partner to help them take their stores and their profits to the next level," said O.B. Rawls IV, president, Hypercom North America.
"Hypercom technology with HyperSafe operating system security features delivers value-adds that really matter to retailers and quite frankly no one else in the industry comes close to. We are delighted to welcome Hannaford to the Hypercom family and to provide them with world-leading card transaction technology," said Rawls.
Hypercom`s ICE 5500M is specifically designed to meet the needs of the multi-lane payment terminal and systems market, which generally includes the top 500 US and selected global retailers, including supermarkets, department stores, chain drug stores, mass merchandisers and other retailers.
Fastest, Easiest-to-Use Payment Terminals = More Value for Merchants
Businesses worldwide recognize Hypercom(R) as the world`s premier provider of the fastest and most advanced card transaction and transaction networking technology and products. Hypercom`s ePOS-infocommerce(R) (epic(TM)) ICE devices are high performance, touch screen-based, Web-enabled card payment terminals that incorporate physical security features and Hypercom`s HyperSafe operating system. In addition to the embedded applications, Hypercom`s ICE terminals support a range of value-added applications and services including electronic signature and receipt capture, on-screen advertising, customer-pole display, interactive electronic coupons -- as well as secure credit, debit, EBT and EMV smart card functions. All Hypercom ICE terminals meet the latest security requirements for PIN-based transactions, including DUKPT and 3DES.
About Hannaford ( www.hannaford.com )
Hannaford Bros. Co., based in Scarborough, Maine, operates 119 supermarkets and food and drug combination stores in Maine, New Hampshire, Vermont, New York and Massachusetts. These include stores under both the Shop`n Save and Hannaford names. Hannaford employs more than 23,000 associates. The company is a wholly owned subsidiary of Delhaize America, Inc. which in turn is owned by Delhaize Group of Brussels, Belgium.
About Hypercom ( www.hypercom.com )
Hypercom Corporation is a 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 information and transaction terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications. Hypercom`s widely-accepted ePOS-infocommerce (epic) framework of consumer- activated, EMV-certified, touch-screen ICE (Interactive Consumer Environment) information and transaction terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.
Headquartered in Phoenix, Arizona, Hypercom maintains an installed base of more than five million terminals in over 100 countries, which conduct over 10 billion transactions annually.
Hypercom and ePOS-infocommerce are registered trademarks of Hypercom Corporation. ICE, epic and HyperSafe 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 Hypercom management 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.
Contact:
Pete Schuddekopf
Hypercom Corporation
602.504.5383
pschuddekopf@hypercom.com
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