Agricultural Bank of China Orders Hypercom Card Payment Systems To Expand Transaction Capabilities.

PHOENIX--(BUSINESS WIRE)--Oct. 7, 1999--

Major State-Owned Bank Selects Hypercom to Complement

and Enhance Nationwide Processing Network

The Agricultural Bank of China has selected Hypercom Corporation (NYSE:HYC) to provide more than 1,500 card payment terminals and smart-card enabled PIN pads that will allow this leading state-owned bank to expand its nationwide credit and debit card transaction processing retail merchant network. Hypercom's T77-GS high-performance terminal devices and S7S PIN pads will be positioned at merchant sites throughout China, and will significantly increase the number of transactions annually processed by member organizations.

"Hypercom's innovative solutions are ideal for financial institutions that want to offer their customers faster response times, greater flexibility, and the opportunity to embrace more sophisticated transaction processing solutions without sacrificing functionality or responsiveness," said Jairo E. Gonzalez, chief commercial officer, Hypercom Corporation. "We are honored to support the Agricultural Bank of China's efforts to enhance and expand its transaction processing."

Hypercom's T77G-GS is a compact, high-performance card payment system that supports draft capture, debit, check and proprietary card processing and new payment vehicles such as chip card-based credit/debit cards, and stored value cards. The Hypercom(R) card payment system features a fast printer (friction or sprocket feed), small footprint, simple-to-use 35-key keyboard and smart card reader option. In all applications, the T77G-GS speeds clerk training, installation time and reduces costs, processing time, and settlement time. The T77G-GS's integrated printer reduces footprint and features an easily removable printer module that greatly reduces printer maintenance and can be changed by the cashier. Hypercom's S7S PIN pad incorporates a secure SAM (Secure Access Module) and will support the Agricultural Bank of China's future smart card requirements.

The Agriculture Bank of China is one of four state-owned commercial banks in China. In 1996, the bank commenced an electronic exchange system that today encompasses 6,000 branches.

Hypercom Corporation (NYSE: HYC) is the single-source global provider of end-to-end electronic payment solutions, including card payment systems, peripherals, network products, software and e-commerce payment solutions that add value at the point-of-sale for consumers, merchants and acquirers.

Headquartered in Phoenix, Arizona, Hypercom markets its products in more than 70 countries through a global network of affiliates and offices in Argentina, Australia, Brazil, Chile, China, Germany, Hong Kong, Hungary, Japan, Mexico, Russia, Singapore, Sweden, the United Kingdom and Venezuela. Hypercom's Internet address is www.hypercom.com.

Hypercom is a registered trademark 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.

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although management of Hypercom believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in Hypercom's SEC reports, including the company's 10-K dated September 23, 1999.