Hypercom Expands High Security Product Portfolio in Germany
(AllPayNews) - Hypercom Corporation (NYSE: HYC) today announced that its 32-bit multi-application Optimum T4200 and M4200 countertop and mobile transaction terminals are officially approved as compliant with the current EMV POS terminal specification from the Central Credit Committee (Zentraler Kreditausschuss – ZKA) in Germany. The approval covers the Optimum T4200 terminals with options for ISDN, IP and GPRS connectivity, as well asthe M4240 Bluetooth and M4230 GPRS mobile models, all with integrated smart card readers. With ZKA approval, Hypercom strengthens its position as a leading provider of payment and digital transaction solutions to the German market.
“The Central Credit Committee’s approval allows the large scale deployment of our highly popular Optimum product range,” said Christian Jürs, Vice President of Sales, Hypercom Germany. “With the addition of these terminals we give customers more of a choice and more options with reliable high security solutions that can be deployed in any end user scenario regardless of communications needs.”
The Optimum countertop and mobile series has received PCI PED security approval, MasterCard Worldwide Payment Terminal Security approval for IP and wireless communication, and EMV Level 1 & 2 certifications for chip card transactions. All models 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.
Additionally, Hypercom’s Artema software now runs on the Optimum T4200 and M4200 family of terminals.
For further information please visit www.hypercom.com/products : .
In 2006, the Central Credit Committee, which is a confederation of German credit associations, endorsed the introduction of the international EMV chip card standard in Germany, including the local Electronic Cash application. As a result, terminals used for Electronic Cash transactions must be certified against the Technical Appendix specifications (currently TA 7.0), following a wide range of security evaluations and functional tests.
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 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.