Hypercom and TeleCash Roll out medHybrid Payment and e-Health Card Terminal
SCOTTSDALE, Ariz. & BAD HERSFELD, Germany, (AllPayNews) -- Hypercom and TeleCash, a First Data Company and one of Germany's leading network operators and electronic payment service providers, today announced that they have started marketing Hypercom's medHybrid, the industry's first multifunction healthcare and credit/debit card payment terminal. The high security medHybrid incorporates two card readers to process the German health insurance cards (KVK and eGK) as well as credit and debit card payments.
"The overwhelming majority of Germany's doctors want to be able to accept electronic payments in their offices, and the medHybrid allows them to do just that. By introducing this multifunction terminal and teaming with TeleCash, Hypercom again solidifies its leadership as the only transaction solutions provider with a complete and futureproof family of high security data transaction products for Germany's doctors, dentists, hospitals, pharmacies and other healthcare service providers," said Peter Vesco, Managing Director, Hypercom Northern Europe. "Joining with TeleCash will help us get medHybrid into the field, expand our reach and build our marketshare."
"By joining with Hypercom to market the medHybrid, we can offer doctors, hospitals and medical facilities a complete package for secure, flexible card processing that will benefit all," said Joachim Hammer, Director of Program Management, TeleCash. "It's important to have the most experienced and reliable partner at your side, and that's why we have teamed with Hypercom."
Hypercom's medHybrid has received e-Health BCS (Basic Command Set) approval from Gematik, the German healthcare organization. It is approved as compliant with the current EMV POS terminal specification from the Central Credit Committee (Zentraler Kreditausschuss -- ZKA) in Germany, and approved by BSI (the German Federal Agency for Security in Information Technology).
The medHybrid sets a new benchmark for health card devices. Featuring a large, high contrast, backlit display and embossed keys, it provides an intuitive and highly secure authentication system for patients and healthcare service providers. The device accepts magnetic and chip-based cards, allowing service providers to expedite transactions and reduce capital investment costs. It also features a serial data interface along with USB and LAN connectivity. Also, according to announcements of the healthcare self administration, doctors and hospitals will be reimbursed for their investment in e-Health BCS terminals.
For an image of Hypercom's medHybrid, please click here. For additional information, please click here or visit www.medline.hypercom.com.
About TeleCash (www.telecash.de)
TeleCash, a First Data Company, is one of Germany's largest network operators and service providers for card-supported payment transactions supporting more than 220,000 terminals and processing almost 900,000,000 transactions annually for over 130,000 retail and banking sector customers.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions 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, self-service 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 and medHybrid 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 document 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, profits and market share. 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 distributors, suppliers, contract manufacturers 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 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, +1 480-642-5383
Hypercom Northern Europe
Susanne van Verre, +49 69 2443724-1016
TeleCash GmbH & Co.KG
Stefan Gurtler, +49 69 7933 2504