Printer Friendly
The Free Library
14,693,900 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Hypercom's Optimum T4100 Earns Class A Certification from Fifth Third Bank Processing Solutions, Opening Key Sales Channel for 32-Bit Single-Lane Payment Terminal.


PHOENIX -- Flexible Single or Multiapplication Support Broadens Bank's Sales Opportunities

Hypercom Corp. (NYSE NYSE

See: New York Stock Exchange
: HYC HYC Houston Yacht Club (Texas) ) today announced that its 32-bit Optimum T4100 payment terminal for single-lane retailers has received Class A certification from Fifth Third Processing Solutions, the country's fourth largest bankcard bank·card  
n.
A card issued by a bank authorizing the holder to receive bank services and often functioning as a debit card.
 acquirer (Nilson Report, April 2005). The certification opens an important new sales channel for the T4100 through the bank's large merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or  operation, which currently has a customer base of more than 30,000 merchants encompassing 147,000 locations.

The T4100 for the first time gives the bank the flexibility to deliver one or more payment processing solutions on the same high-performance terminal platform. The terminal's multiapplication architecture and configuration abilities allow Fifth Third Processing Solutions to deploy the bank's credit/debit, electronic check, electronic benefits transfer (EBT EBT

See: Earnings Before Taxes
) and gift card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card.  singly or in any combination, enabling sales to merchants who do not want the complete package or cannot commit to the full suite because they are locked into contracts for select services with other providers.

"Hypercom's Optimum T4100 gives us a versatile 32-bit hardware solution that will fit any customer scenario, whether the merchant wants one or all of our transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

Transaction processing systems are the backbone of an organization because they update constantly.
 services, the option to deploy a single service and then add another to the same terminal at a later date, or IP or dial connectivity," said Donald Boeding, senior vice president and general manager, merchant services, Fifth Third Processing Solutions. "The ability to meet all of these needs with a single POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
 platform will broaden our sales opportunities and also protect the customer's hardware investment by providing sufficient power and memory to support their changing requirements."

"This marks an important certification for our Optimum T4100 since it began shipping late last year, and it confirms the value of the terminal's design for the banking community at large," said Lisa Shipley, senior vice president, national sales, Hypercom Corp. "Fifth Third is a longtime user of Hypercom products as well as one of the industry leaders in merchant processing, and their endorsement of the T4100 is an important step in gaining market traction for our Optimum platform."

The T4100 features a powerful 32-bit, Intel(R) XScale(R) processor and 24 megabytes of memory to deliver intelligently integrated multiapplication performance and the industry's fastest transaction speeds for both IP/SSL and dial applications. The unit can perform 250 MIPS (Million Instructions Per Second) The execution speed of a computer. For example, .5 MIPS is 500,000 instructions per second; 100 MIPS is a hundred million instructions per second.  (millions of instructions per second Instructions per second (IPS) is a measure of a computer's processor speed. Many reported IPS values have represented "peak" execution rates on artificial instruction sequences with few branches, whereas realistic workloads consist of a mix of instructions and even applications, ) compared to 1.6 MIPS for similar devices and has at least 18 more megabytes of memory, enabling support for more value-added applications than any other terminal on the market. It also features an integrated PIN pad; an integrated 2" or 3" printer that handles text and graphics such as barcodes at an industry-leading 18 lines per second (lps) compared to the standard 12.5 lps without graphics; a wizard-style user interface that significantly reduces deployment time by minimizing the number of keystrokes required; and an industry-first IP diagnostic application that expedites installation and simplifies troubleshooting of Ethernet connectivity problems in a customer's network.

About Fifth Third Bank Processing Solutions

Fifth Third Processing Solutions is one of the nation's largest providers of credit, debit, EBT, ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to  and check acceptance services. Established in 1973, Fifth Third's high-end in-house processing capabilities offer an unparalleled combination of flexibility, reliability, experience, and proactive support. Fifth Third innovations include the development of JEANIE(R), the nation's first modern ATM network and Fifth Third Direct(SM), the industry-leading interactive, Internet-based back-office support system. As one of the five businesses operated by Fifth Third Bancorp, headquartered in Cincinnati, Fifth Third Processing Solutions processes 17 billion ATM and POS transactions per year for more than 147,000 merchant locations and 1,500 financial institutions worldwide, including First Niagara Financial Group, Sovereign Bank, The Kroger Co., AutoZone, Abercrombie & Fitch, Nordstrom Inc. and The Finish Line. Annually, Fifth Third processes $138.6 billion in credit card sales. More information may be found at Merchant.53.com.

About Hypercom (www.hypercom.com)

Global payment technology leader Hypercom Corp. 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, health care, prepaid pre·pay  
tr.v. pre·paid, pre·pay·ing, pre·pays
To pay or pay for beforehand.



pre·payment n.
, unattended, and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits.

Hypercom and Optimum & Design are registered trademarks of Hypercom Corp. 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 forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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 performance, product sales, revenues and profits. 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; the performance of suppliers and subcontractors; risks associated with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee.  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 statements. HYCP
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Aug 2, 2006
Words:960
Previous Article:Signature Bank Subsidiary, Signature Securities Group, Appoints New Investment Group Director.
Next Article:Wave to Present at Security Research Associates' 2nd Annual Summer Technology Conference, Monday, Aug. 7th.
Topics:



Related Articles
PRC Central Bank Certifies Hypercom Solutions for National Banking IC Card POS Specification.
Bank Central Asia Selects Hypercom ePic ICE Card Payment Terminals for its Merchant Base.
HYPERCOM AND IDLOGIX INTRO TOUCH SCREEN AGE VERIFICATION CAPABILITY AT THE POINT-OF-SALE.(ePOS-infocommerce ICE devices)(Product Announcement)
Hypercom Corporation Announces First Quarter 2006 Financial Results.
United Bank Card Teams with Hypercom to Offer the Optimum T4100; Fast Growing Payment Processor Has Nearly 50,000 Merchants.
IRN Payment Systems Rolls Out Hypercom's Optimum T4100.
Symbol Technologies and Hypercom Announce First Multi-Lane Electronic Payment Terminal Orders.
Hypercom Introduces New Version of SmartPayments Server.
Hypercom to Include Planet Payment's Multi-Currency Processing Solutions as Standard Applications in T4100 Terminals.
Hypercom Introduces SmartPayments Client for PC-Based Merchant Payment Processing.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles