HICAPS Selects Hypercom’s Optimum Terminals for Electronic Health Claims System
PARIS, CARTES & IDentification 2008, November 4, 2008 (AllPayNews.com) – Hypercom Corporation (NYSE: HYC) today announced that HICAPS, Australia’s leading ancillary health claims and payments service and a wholly owned subsidiary of National Australia Bank, has purchased an additional 4,000 Optimum T4210 multi-application payment terminals. The latest purchase brings to more than 8,000 the total number of high security T4210s HICAPS has ordered this year.
The T4210 terminal will enable HICAPS to have a market leading solution in the allied health care claims system which covers providers such as dentists, optometrists, physiotherapists and other non-general practitioners. The terminal enables providers to process payment card transactions, private health fund claims and Medicare Easyclaim on the same terminal which is a first for the Australian Market, according to HICAPS.
“The T4210 enables HICAPS to offer a single electronic transaction terminal in the allied health claim space and the most advanced and convenient electronic claims and payment solution in Australia. The T4210 was selected for its enhanced security and ability to handle multiple transactions,” said Greg Millane, CEO of HICAPS and General Manager of NAB Health.
“HICAPS selection is the latest in a series of market wins that we’ve gained for our high security technology and another clear indicator that Hypercom is the payment provider of choice for merchants globally,” said T.K. Cheung, Managing Director, Hypercom Asia Pacific.
Hypercom’s Optimum T4200 family consists of six powerful, multi-application terminals with a consistent “look and feel”, based on the same user-friendly and space-saving ergonomics.
The T4200 terminals join a full array of high-performance Optimum countertop, multi-lane, wireless and portable terminals that have been adopted by leading banks, retailers and independent sales organizations globally since Hypercom introduced its first 32-bit Optimum product in 2004.
About HICAPS (www.hicaps.com.au)
Formed in 1998, HICAPS (Health Industry Claims and Payments Service) is Australia’s leading ancillary health claims and payments service and an integral part of NAB’s new specialized business NAB Health, along with Medfin a finance specialist for healthcare professionals. HICAPS is an electronic, real time, claims and payments system, which offers members of participating health funds, the convenience of automatic claims processing, on the spot.
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, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. With its acquisition of Thales e-Transactions business earlier this year, Hypercom became the second largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third largest provider globally.
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Hypercom and Optimum and Design 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.
Hypercom Asia Pacific