PHOENIX, May 13 /PRNewswire-FirstCall/ -- Global payment technology leader
Hypercom Corporation (NYSE: HYC) today announced another major win for its
highly popular EMV-certified T7Plus card payment terminal and operating
software as MBF Cards, the largest MasterCard merchant acquirer in Malaysia,
agreed to purchase 10,000 smart, fast and easy-use card payment terminals.
The purchase from Hypercom's distributor represents the largest single order
ever of Hypercom(R) technology in Malaysia. The terminals will be rolled out
to retail outlets during the next 12 months.
With Malaysia's central bank requiring that at least 85 percent of the
region's financial institutions have EMV-certified terminals in place by year
end 2004, MBF Cards selected Hypercom's innovative technology above all
"Hypercom is clearly recognized globally as the payment technology leader.
Their innovative and intelligently integrated solutions are, quite candidly,
known as the very best. We looked at other payment products, and have chosen
Hypercom as our preferred solutions vendor. We have always kept our merchant
partners needs in the forefront by providing them with state-of-the art
terminals and ensure the best service levels in the industry," said Al
Alagappan, President of MBF Cards (Malaysia) Sdn Bhd. "Hypercom's
value-added, cost effective total solution delivers proven reliability,
stability, security, high performance and fast EMV transactions. That is what
our merchants are demanding to compete and prosper in today's highly
competitive business environment."
"Hypercom delivers intelligently integrated, world class solutions that
meet the critical needs of the marketplace," said Jeremy Su, president,
Hypercom Asia. "MBF Cards is an outstanding and highly regarded financial
services organization, and we are pleased to team up with MBF Cards to deliver
the finest payment technology to their merchants."
T7Plus with One Touch, Easy Use Interface = The Payment Terminal of Choice
Hypercom's feature-rich T7Plus sets a new performance benchmark for
mid-range point-of-sale/point-of-transaction terminals, and is the new payment
terminal of choice for more and savvier business owners, for good reason.
Hypercom's T7Plus reflects the global payment technology leader's
steadfast insistence that mastering the most fundamental and practical
attributes of a card payment terminal leads to superior performance. It is
packed with an array of enhancements and priced affordably, and retains the
most popular features of the earlier T7P, including the 35-key full keyboard
equipped with One-Touch shortcut keys.
Like shortcut buttons on a PC, One-Touch keys provide quick access to all
daily function and transaction types, simplifying operations and speeding up
transaction times. This contrasts sharply with the limited keyboards of lower
cost terminals that require clerks to hunt through extended menus and hard to
remember key sequences.
One of the smart, fast and easy-use card payment terminals new features is
the integrated printer incorporating Hypercom SureLoad(R) technology that
operates at twice the speed of traditional point-of-sale printers with
virtually jam-free operation. From the full keyboard to the new virtually
jam-free printer, the T7Plus is engineered to minimize headaches for
merchants, reduce calls to help desks, and deliver the lowest total cost of
ownership in the industry.
About MBF Cards (www.mbfcards.com)
* A subsidiary of MBF Holdings Berhad, MBF Cards (Malaysia) Sdn Bhd is a
leading credit card company in Malaysia. It commenced operations in
1987 with a license from MasterCard International.
* It holds the distinction of being the first to offer MasterCard
services in Malaysia and has become one of the largest issuers of
MasterCard credit cards in Malaysia since 1991.
* MBF Cards is also the first monoline and non-bank to be awarded with a
Visa license in Malaysia and the Asean region.
* The country's largest issuer of niche cards, MBF Cards has more than
330,000 cards in circulation and has the most number of merchant's
outlets of more than 12,000.
* MBF Cards also owns the franchise for the Countdown International
brand in the Asia Pacific region. The Countdown is a privilege
discount card that is accepted by over 5,000 merchants in Malaysia and
over 80,000 merchants worldwide.
* MBF Cards rolled out the first Visa "contactless" card in the world on
April 27, which allows card users to pay for purchases without the
need for traditional "swipe and sign".
About Hypercom (www.hypercom.com)
Celebrating 26 years of technology excellence, innovation and leadership,
Hypercom Corporation is a leading global provider of electronic payment
solutions that add value at the point-of-sale for consumers, merchants and
acquirers, and yield increased profitability for its customers.
Widely recognized as the global electronic payment technology innovator
and leader, Hypercom delivers complete, revenue-generating card payment
terminal, network and serve solutions that help merchants and financial
institutions generate revenues and increase profits.
Headquartered in Phoenix, Arizona, Hypercom's revenue-generating card
payment terminal, network and server solutions are leading the transformation
of electronic payments in more than 100 countries.
Hypercom and SureLoad 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 customer orders
to purchase products from Hypercom distributors. 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; the performance of suppliers 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. 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
For further information please contact Pete Schuddekopf of Hypercom
Corporation, +1-602-504-5383, firstname.lastname@example.org.
SOURCE Hypercom Corporation