Chockstone Inc. and Hypercom Team to Deliver Enhanced Terminal POS Offering For Multi-Unit Quick Service Restaurants.

Business Editors

PORTLAND, Ore.--(BUSINESS WIRE)--April 20, 2004

Chockstone, Inc., a leading stored value, payment and transaction processing company for multi-unit, high-traffic retailers, today announced that it has teamed with global electronic payment technology leader Hypercom Corporation and released Chockstone's ChockBox(R) application suite on the Hypercom(R) ICE(TM) 5500 card payment terminal. The payment solution will combine Chockstone's stored value application with Hypercom's smart, fast and easy-use payment technology to support credit/debit, electronic gift, loyalty and promotions marketing transactions at the point-of-transaction for the quick service restaurant (QSR) industry.

"In a business where speed of service is critical to operational success, providing multiple payment and marketing options at the point-of-transaction has quickly become a high priority for the quick service restaurant industry," said Jeff Lipp, president and CEO, Chockstone. "We are responding to this market demand by combining payment with value-added applications on a single device, which will enable merchants to increase their sales while enhancing customer loyalty."

Supporting Chockstone's stored value program on Hypercom's card payment terminals helps high-volume, multi-unit quick service restaurants improve customer service, track customer visits and promote and reward in real-time without the expense of purchasing a dedicated system. The combined offering of payment, gift card, loyalty and promotions marketing programs provide merchants with a competitive differentiator to help them attract and retain customers.

"We share Chockstone's vision of providing value added gift, loyalty and promotion services at the POS," said Lisa Shipley, senior vice president, Hypercom Corporation. "Teaming with Chockstone will enable us to provide the QSR industry with the speed and cost benefits of combined electronic payment and stored value applications."

Chockstone currently processes millions of QSR stored value cards via Chockstone's integrated platform, ChockPoint(R). ChockPoint(R) enables retailers to combine payment, loyalty and promotional programs through a single consumer card. With one retail-branded card, consumers draw down gift card dollars, earn loyalty points, and redeem these points in real time. Additionally, QSRs instantaneously deliver promotions based on historical transaction behavior at the POS.

Fast, Smart, Easy-Use Terminals Equal Increased Revenues, More

Value for Business

Businesses worldwide recognize Hypercom as the world's premier provider of fast, high performance card payment and transaction networking technology and products -- and the only provider of true outdoor card payment technology. Hypercom's ICE devices are high performance, touch screen-based card payment terminals that incorporate physical security features and Hypercom's HyperSafe(TM) operating system. In addition to the embedded HyperWare(R) payment applications, Hypercom's ICE terminals support a range of value-added applications and services including electronic signature and receipt capture, on-screen advertising, customer-pole display, interactive electronic coupons -- as well as secure credit, debit, EBT and EMV smart card functions.

About Chockstone, Inc.

Chockstone is the Technology Behind Stored Value(TM). As the leading stored value card processor, Chockstone focuses on gift, loyalty, and marketing card programs for multi-unit QSR and retail organizations. Chockstone's services enable retailers to strengthen their relationships with their customers and drive incremental profits. Chockstone was recognized as a leading innovator in the Stored Value Industry by the Oregon Entrepreneurs Forum in 2003. More information at www.chockstone.com.

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-transaction for consumers, merchants and acquirers, and yield increased profitability for its customers.

Widely recognized as the global payment technology innovator, Hypercom delivers comprehensive card payment terminal, network and server solutions that help merchants and financial institutions generate revenues and increase profits.

Headquartered in Phoenix, Arizona, Hypercom's card payment terminal, network and server solutions are leading the transformation of electronic payments in more than 100 countries.

Hypercom, HyperWare and HyperSafe are registered trademarks of Hypercom Corporation. ICE is a 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 Hypercom management 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 most recent 10-K and subsequent 10-Qs.