Chase Paymentech Class A Certifies Hypercom Optimum T4205
SCOTTSDALE, Ariz.--(AllPayNews)--Hypercom Corporation (NYSE: HYC) today announced that Chase Paymentech, a leading merchant acquirer and payment processor, has Class A certified Hypercom’s PCI PED-approved 32-bit Optimum T4205 card payment terminal. The device will be made available to Chase Paymentech’s strategic partners for sale to the U.S. retail and restaurant markets.
“The T4205 is a sleek entry-level device that delivers superior speed and power with increased memory to support all payment types for single or multiple merchants,” said Jennifer Stout, Group Executive Retail Products, Chase Paymentech. “We are pleased to team with Hypercom to provide the market with innovative, sensible, best-value solutions for merchants who want to benefit from electronic payments.”
“This is a ‘must see’ breakthrough product that sets a new industry benchmark for high security entry-level payment terminals and opens the door for more businesses to benefit from electronic payments and digital transactions,” said Bernie Frey, Vice President of North American Sales, Hypercom Corporation.
The Optimum T4205 features a compact form factor, clear and intuitive keypad, large 24MB memory and high speed processor for fast transactions and multi-application support, all secured by HyperSafe®32, Hypercom’s exclusive RSA-based security infrastructure. The terminal is ideal for smaller retailers and restaurants and can quickly and efficiently process magnetic stripe and contactless debit and credit payments as well as Electronic Benefit Transfer (EBT) and value-added transactions such as gift and loyalty.
The T4205 is the newest member of Hypercom’s high security Optimum T4200 product family. That family for North America consists of four powerful 32-bit multi-application devices that share the same platform, user interface and software toolkit to maximize efficiency, application portability and offer customers a broad range of options to serve any market need.
For more information on Hypercom’s Optimum T4205 please visit https://www.hypercom.com/products/t4205.asp. For an image please visit http://www.hypercom.com/library/photos/photospage.aspx?cat=&sel=t4205.
About Chase Paymentech
Chase Paymentech, a business unit of JPMorgan Chase, is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in more than 130 currencies. The company’s proprietary platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing. With a legacy of innovation and vision in electronic payments, Chase Paymentech promoted the growth of eCommerce worldwide. The company continues to fuel the success of the Internet's largest brands, currently processing more than 50 percent of all Internet transactions. Offering secure payment solutions, improving cash-flow management, mitigating risk and accelerating funding - Chase Paymentech's consultative approach helps today's small and emerging businesses become tomorrow's industry leaders. On the Internet or at the point of sale, Chase Paymentech's unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small. More information can be found at www.chasepaymentech.com.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products 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, unattended 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.
Hypercom, Optimum and Design and HyperSafe 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, market share, and expected acquisition results and benefits. 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; the ability to successfully integrate the technologies, operations and personnel of acquired businesses in a timely manner; the ability to obtain the expected strategic and financial benefits from acquisitions; 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 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
Pete Schuddekopf, 480-642-5383