Smart Transaction Systems Selects Hypercom Mobile Network to Extend Reach
Certifies Gift and Loyalty Applications on Optimum Countertop and Mobile Payment Terminals
SCOTTSDALE, Ariz., Feb 10, 2009 (AllPayNews.com) -- Hypercom Corporation today announced that Smart Transaction Systems(R) (STS) a leading US-based provider of gift card, customer loyalty and stored-value card payment systems, has selected Hypercom's Mobile Network service to extend the reach of its gift and loyalty card programs in the U.S. and abroad.
STS will use Hypercom's Mobile Network service in combination with hand held wireless point of sale terminals to allow mobile merchants, sports events and outdoor venues to accept gift cards or customer loyalty cards anywhere that cellular GSM/GPRS service is available. Short-term solutions are available for festivals, concerts and events.
STS also has also successfully completed certification testing on Hypercom's Optimum T4200 and M4200 multi-application countertop and mobile terminals including the T4210, T4220, T4230 and M4230. Merchants may use any of these models to process STS gift and loyalty transactions, or for check verification and credit card processing from a provider of their choice.
"Hypercom's mobile network service gives us a very efficient way to activate and manage wireless terminals for our sports and special events customers. It vastly simplifies a process that used to be complex and confusing for our customers," said Sarah Bouricius, Marketing Communications Manager, Smart Transaction Systems. "On the international front, we're particularly excited about the fact that we can now activate wireless terminals on GSM networks in over 90 countries utilizing 200 networks. This will help us to better serve merchants in countries where land line services are very limited but cellular service is widely available and affordable."
Smart Transaction Systems and its resellers will market Hypercom's Mobile solutions in combination with its gift and loyalty programs that work across many platforms ranging from brick and mortar stores to online shopping carts and outdoor venues. Merchants may also use the STS system to allow their gift or loyalty cardholders to access their accounts online or check their balance by phone using their STS interactive voice response system.
About Smart Transactions ( www.smarttransactions.com)
Founded in 1998, Smart Transaction Systems provides card-based payment systems and customer loyalty programs to a wide variety of organizations worldwide. For small to medium-sized businesses, Smart Transaction Systems provides hosted gift card and loyalty programs that are reliable, easy to use, and affordable. For larger organizations, the company provides powerful transaction processing systems that allow these organizations to bring gift, loyalty, and private label credit card programs in-house to gain maximum control of these programs. Smart Transaction Systems has operations in Boulder, Colorado; Lodi, Wisconsin; St. Louis, Missouri; and Oslo, Norway.
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. With its acquisition of Thales e-Transactions business in 2008, 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.
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. HYCP
SOURCE: Hypercom Corporation