IN-tact Device With the Merchant Link siteNET(R) Internet Gateway Speeds POS Transactions
PHOENIX, Aug 30, 2005 -- Hypercom Corporation (NYSE: HYC) today announced that its IN-tact(TM) 1101 converter device for Internet-enabling legacy Hypercom point-of-sale terminals has been certified for use on the Merchant Link siteNET(R) Internet Gateway. The certification enables merchants with legacy Hypercom(R) equipment to use the IN-tact converter in conjunction with siteNET to securely route credit and debit card transactions over the Internet for faster payment authorizations.
With the IN-tact 1101 converting transaction information to IP packets and Merchant Link passing that data on to the payment processor, merchants have a complete, cost-effective solution for using the Internet to speed payment transactions. Processing customer payments over the Internet also eliminates the expense of using dial-up phone lines for data transmission.
"This certification provides our customers with an easy means of moving from dial-up connectivity to high-speed Internet-based communication without having to replace their entire terminal infrastructure," said O.B. Rawls IV, president, Hypercom North America. "We now have an important new tool that will help us bring our IN-tact converter -- and, by extension, the power of the Internet -- to the millions of legacy Hypercom card payment terminals installed at merchant sites worldwide."
The IN-tact 1101 is a compact hardware device that allows the retailer to connect up to 16 Hypercom T- or ICE(TM)-series terminals to the Internet quickly and easily over a DSL, cable modem or VPN connection. It is suitable for single- or multi-lane environments, can be pre-configured for easy out-of-the-box deployment at each merchant location, and uses 3DES and Secure Socket Layer (SSL) technology to encrypt and transmit transactions securely and almost instantaneously. A sister device, the IN-tact 1201, offers the same functionality for any third-party dial terminal or ATM.
Both the IN-tact products also equip resellers, Independent Sales Organizations (ISOs) and/or financial institutions with an array of value-added features. These include the ability to continuously monitor and alert a help desk to any service interruption; easy troubleshooting via SNMP (Simple Network Management Protocol) and Internet interfaces; and metrics collection that gives an acquirer valuable insight into the transaction patterns of its merchant portfolio.
The Merchant Link siteNET Internet Gateway serves as the gateway between the POS device and the payment processor. It accepts transaction information via an SSL-encrypted connection over the Internet from the merchant location and transmits the data to all major credit card processors and gift card/loyalty card hosts.
"The addition of Hypercom`s IN-tact 1101 to our list of certified dial-to-IP converters gives us access to a huge pool of customers with legacy Hypercom installations," said Chuck Harris, president of Merchant Link, L.L.C. "This is an important expansion of our network and a strong offering for retailers who want to use the Internet to speed transactions at the point of sale."
About Merchant Link, LLC. (www.merchantlink.com)
Merchant Link provides comprehensive and sophisticated solutions to the integrated point-of-sale industry, including high-end technical support and data transport services. Merchant Link currently supports more than 20,000 hotels, restaurants, ballparks, and other venues, and maintains connectivity to the major US credit card processors. Founded in 1993 and headquartered in Silver Spring, MD, Merchant Link will process more than 1 billion transactions in 2005, representing a total of nearly $40 billion in sales. Merchant Link has clients in all 50 states, Antarctica, Canada, Bermuda, South Korea and Japan. Visit www.merchantlink.com for more information.
About Hypercom (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. IN-tact and ICE 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. 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.
Pete Schuddekopf
Hypercom Corporation
602.504.5383
pschuddekopf@hypercom.com
Drew Kreyling
Merchant Link, LLC
301.562.5049
jdkreyling@merchantlink.com
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