Hypercom Payment Software Achieves PCI PA-DSS Security Approval
SCOTTSDALE, Ariz., April 12, 2010 (AllPayNews) – High security electronic transaction solutions provider Hypercom Corporation (NYSE: HYC) today announced that its high security SPOS32 payment software application, versions 3.0 and 3.1, are PCI PA-DSS validated and immediately available to support the Company’s Optimum countertop and mobile card payment product portfolio.
“The most effective security solutions, continual innovation and a singular focus on our customers are at the centerpiece of what we do. Achieving this stringent new security level further protects sensitive cardholder data, fortifies our ability to build market share and is directly in line with our continual and historic tradition of providing rigorous protection to merchants,” said T.K. Cheung, Vice President, Global Quality & Security, Hypercom Corporation. “SPOS32 is our premier, feature-rich and off-the-shelf payment application for the Optimum product portfolio; it can be widely used by our customers to help bolster their payment security.”
The Payment Card Industry (PCI) Payment Application Data Security Standard (PA-DSS) is a global set of security requirements for software vendors who develop payment applications. PA-DSS compliant applications do not store prohibited data such as track data, sensitive authentication data, or PIN data, helping merchants and agents who use them to immediately mitigate compromises and support overall compliance with the Payment Card Industry Data Security Standard (PCI DSS).
This latest payment industry security milestone follows PCI PTS 2.1 security approval of Hypercom’s Optimum L4150 multilane payment terminals and L4150 Secure Keypad in January, and Hypercom’s receipt of the globally prestigious Sesame Award for its HyperSafe® Remote Key System (HRKS) last November. The Sesame Awards represent an unchallenged seal of approval in innovation and are regarded as the global standard for card manufacturers and related industries.
Hypercom’s popular new Optimum product portfolio includes the T4205, T4210, T4220 and T4230 countertop and M4100, M4230 and M4240 mobile card payment terminals.
For a hands-on demonstration of Hypercom’s popular Optimum products and SPOS32 3.0 and 3.1 payment software, please visit Hypercom’s booth #513 at the Electronic Transaction Association’s Annual Meeting and Exposition. For addition information, visit: Hypercom Optimum and Hypercom Software.
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.
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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 distributors, 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.