AXS Pte Ltd Selects Hypercom's Integrated Solution for D-Pay Kiosk Rollout.SCOTTSDALE, Ariz. & HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. -- Hypercom Corporation (NYSE NYSE See: New York Stock Exchange : HYC HYC Houston Yacht Club (Texas) ) today announced that AXS AXS Access AXS Anomalous X-Ray Scattering AXS Alpha Chi Sigma AXS Alpha X-Ray Spectrometer AXS Activex Script Pte Ltd PTE LTD Private Limited , the Singapore-based Electronic Service Delivery Network ("ESDN ESDN European Sustainable Development Network ESDN Extended Software Defined Network ") operator, has selected Hypercom to provide a high security end-to-end technology upgrade for AXS' more than 560 automated self-service kiosks. These AXS Stations will for the first time enable ATM card An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: The high-speed, high-security Hypercom integrated solution consists of Optimum T4220 Ethernet terminals embedded in each kiosk working in tandem with Hypercom's MegaNAC([R])180 network access controllers and EFT-Master electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. server software at the back end to expedite direct debit transactions between the AXS data center, the cardholder's financial institution and the AXS Station. "Our new direct debit-payment mode with Hypercom's IP-based technology lets ATM card holders pay for over 120 services ranging from telephone and utility bills to movie tickets, booking barbeque pits and much more, faster and more securely than ever before," said Mr. Joey Chang, Chief Executive Officer, AXS Pte Ltd. "This technology upgrade will help us speed cardholder card·hold·er n. One who holds a card, especially a credit card. card hold payments and
purchases by reducing the average processing time per transaction, and
employ end-to-end security."
"Speed and security are key components of the technology backbone for innovative companies like AXS, and that is where we excel," said Jacques-Herve Mapuin, Managing Director, Hypercom Asia Pacific. "AXS' selection of Hypercom demonstrates that our products and services set the bar for value and performance in electronic payments and digital transactions." Hypercom's EFT-Master with Hypercom's EFTSec module provides end-to-end cardholder data encryption throughout the transaction. EFT-Master is tightly coupled with Hypercom's PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). certified Optimum terminals and Network Access Controllers. EFT-Master meets industry security requirements and supports EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility) EMV EuroPay, MasterCard, Visa (Smart debit cards) EMV Europay, Mastercard and Visa EMV Eftermiddagsverksamhet , electronic data capture and electronic authorization of POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale transactions with varied message formats and multiple currency conversions. For additional information on Hypercom's EFT-Master, EFTSec Server and MegaNAC([R])180 please visit: https://www.hypercom.com/products/eftmaster.asp; https://www.hypercom.com/products/eftsec.asp and https://www.hypercom.com/products/meganac180.asp. About AXS Pte Ltd (www.axs.com.sg) Incorporated in 2000, AXS Pte Ltd ("AXS") is a leading solution provider and operator of an "Electronic Service Delivery Network" ("ESDN"), a delivery platform (with various access points to consumers) that allows organisations to reach out to their target audience via e-applications or web services. AXS launched its own ESDN ("AXS Network") with the "AXS Station" terminals as the access points to the public. Today, with over 560 AXS Stations island-wide, it has grown to become Singapore's largest transactional terminal network, providing e-services from over 120 private and government organisations. Since September 2006, AXS has become a subsidiary of DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. . 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, 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, Optimum and Design, and MegaNAC 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. ; 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 |
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