Hypercom Exceeds 250,000 Remote Key Injections in US
Demand for Industry Leading Solution Builds Globally
LAS VEGAS, April 13, 2010 (AllPayNews), ETA Annual Meeting and Expo – Hypercom Corporation (NYSE: HYC) today announced that its HyperSafe® Remote Key System (HRKS) has successfully completed more than 250,000 injections.
“HRKS is the leader in remote key injections for retailers. Prominent, globally recognized merchants are embracing Hypercom’s innovative solution and they are delighted with the results. Merchants representing the full panoply of US retailers increasingly recognize the time and cost-savings inherent resulting from Hypercom’s HyperSafe Remote Key System,” said Heidi Goff, President and Managing Director, The Americas, Hypercom Corporation.
“Hypercom’s remote key injection system is incredibly convenient. It completely eliminates the costs and disruptions incurred with traditional secure room key injections and streamlines the entire process. No one has to swap out their terminals, ship units back and forth or incur any down time,” said Matt Taylor, Chief Executive Officer, Mercury Payment Systems. “The faster you can help your customers, the better. Hypercom’s remote key injection lets you do just that.”
“We are thrilled with the response in the US, are ramping this up globally and have the potential to remotely inject an installed base of more than 800,000 Optimum payment terminals. HRKS streamlines the entire key injection process for retailers. It is a well proven and widely implemented product that lets merchants expedite migration to 3DES and eliminate shipping their terminals off-site,” said T.K. Cheung, Vice President, Global Quality and Security, Hypercom Corporation.
“Hypercom’s HRKS is the gold standard for remote key injection. Others will undoubtedly introduce their own variants, and while imitation is the highest form of flattery, savvy business professionals will opt for the proven leader over a wanna-be,” said Mr. Cheung.
Hypercom’s HyperSafe Remote Key System is the industry’s foremost standards-based remote key injection product that allows retailers to quickly and securely initiate on-site, in-store payment terminal key injection at the point-of-sale. The system offers a fast and highly secure alternative to the industry’s traditional secure room key injection process.
HRKS eliminates the need for off-site secure room key injection by incorporating PKI (Public Key Infrastructure) to securely distribute symmetric 3DES keys. HRKS meets ANSI x9.24 and Visa PIN Security Guidelines for remote key management, and is FIPS 140-2 Level 3 and X509 compliant.
Hypercom’s HyperSafe Remote Key System was awarded the globally prestigious Sesame Award in November at Cartes 2009. The Sesame Awards represent an unchallenged seal of approval for innovation and are regarded as the global standard for card manufacturers and related industries.
HRKS is available with Hypercom’s Optimum product line, including the T4200 countertop and M4200 mobile payment terminals, M4100 (“The Blade”), and L4100, L4150 and L4250 multilane terminals installed globally since 2004.
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.