Elavon Class A Certifies Hypercom Optimum T4205.SCOTTSDALE, Ariz. -- Hypercom Corporation (NYSE NYSE See: New York Stock Exchange : HYC HYC Houston Yacht Club (Texas) ) announced today that Elavon, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of U.S. Bancorp You can assist by [ editing it] now. (NYSE:USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ), has Class A certified Hypercom's PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). PED-approved 32-bit Optimum T4205 card payment terminal. The device will be made available to Elavon's direct and third party sales channels in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "The T4205 is a high quality, secure solution that is ideal for merchants interested in upgrading to new technology," said Jon Ziglar, Senior Vice President, Global Product Solutions, Elavon. "The affordable price point is an extra bonus for small business owners, especially in this economy." "We are bringing sleek and sensible high security payment and digital transaction products to merchant countertops and we are doing it with preeminent payment processors like Elavon," said Bernie Frey, Vice President of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Sales, Hypercom Corporation. "The T4205 delivers the fastest certification time of any entry level device on the market, which means faster time to market, and faster revenue recognition for acquirers and processors." The Optimum T4205 features a compact form factor, clear and intuitive keypad, large 24MB memory and high speed processor for fast transactions and multi-application support, all secured by HyperSafe[R]32, Hypercom's exclusive RSA-based security infrastructure. The terminal is ideal for smaller retailers and restaurants, supports three languages (English, Spanish and French) and can quickly and efficiently process magnetic stripe and contactless debit and credit payments as well as Electronic Benefit Transfer (EBT EBT See: Earnings Before Taxes ) and value-added transactions such as gift and loyalty. The T4205 is the newest member of Hypercom's high security Optimum T4200 product family. That family consists of seven powerful 32-bit multi-application devices that share the same platform, user interface and software toolkit to maximize efficiency, application portability and offer customers a broad range of options to serve any market need. For more information on Hypercom's Optimum T4205, please visit https://www.hypercom.com/products/t4205.asp. For an image, please visit http://www.hypercom.com/library/photos/photospage.aspx?cat=&sel=t4205. About Elavon (www.elavon.com) Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp (NYSE: USB). Elavon provides end-to-end payment processing services to more than 1 million merchants in the United States, Europe, Canada and Puerto Rico. Solutions include credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. processing, electronic check services, gift cards, dynamic currency conversion Dynamic currency conversion (DCC) is a financial service in which holders of credit cards have the cost of a transaction converted to their local currency when making a payment in a foreign currency. Currently this feature is available for Visa and MasterCard networks only. , multi-currency support, and cross-border acquiring. Elavon's services are marketed through multiple alliance partner channels including financial institutions, trade associations and ISOs. Elavon has solutions to meet the needs of merchants in specialized markets including small business, retail, hospitality/T&E, health care, education and the public sector. Elavon represents the former brands of NOVA Information Systems Nova Information Systems is a major US processor of credit card transactions and a subsidary of Us Bancorp. NOVA and its european division euroConex boast an expanding global reach that delivers merchant processing in more than 30 countries and supports the payment needs of more and its affiliates FHMS FHMS Flathead Machine Screw and euroConex. 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, Optimum & Design and HyperSafe 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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