Hypercom Achieves Milestone by Adding 100th Value-Added Reseller/Independent Software Vendor.Business Editors Annual Hypercom VAR Partners Conference PHOENIX--(BUSINESS WIRE)--Jan. 24, 2002 Company Sets New Record as Praxell Inc. Introduces New Internet-Based Retail Application; Kicks-Off Second Annual North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. VAR Partners Conference The number of Value-Added Resellers and Independent Software Vendors now developing and customizing software applications for Hypercom's popular ICE(TM) card payment terminals globally has reached 100, Hypercom Corp. (NYSE NYSE See: New York Stock Exchange : HYC HYC Houston Yacht Club (Texas) ) reported today during the company's second annual North American VAR Partners Conference. The 100th VAR/ISV, Praxell Inc., last week introduced a service through Hypercom's new Windows CE-based ICE 7000CE card payment terminal. Retailers can now offer electronic gift, cash and promotion/loyalty cards, and accept them for multi-channel payment through the Praxell Service, quickly generating new revenues for the merchant. The 100th VAR milestone underscores a growing move by value-added resellers worldwide to team up with Hypercom(R) and bring to market innovative, value-added solutions not traditionally associated with card payment credit and debit applications, as well as applications which enhance the card payment experience. "It's no wonder more and more VARs and ISVs are turning to Hypercom. Their products make it easy to integrate new revenue generating applications for the point-of-sale," said Sheldon Friedman, vice president of business development, Praxell Inc. "The ICE 7000CE with Praxell's stored value solution allows retailers to put more money in their pockets almost immediately." New revenue-generating VAR applications using Hypercom's ICE terminals are being introduced every month. Within the last 90 days alone, Smart Card Solutions LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control incorporated its turnkey ReflexGT loyalty and electronic gift certificate application into Hypercom's standard HyperWare(R) credit, debit and check software. Atrana Solutions began marketing Hypercom's terminals to the prepaid, sports licensing and value-add markets in addition to its traditional payment applications and services. Hypercom and The Logix Cos. have teamed up to market ICE terminals with identification verification, age verification and check conversion capabilities. The Western Reserve Group (WRG WRG Waste Recycling Group (UK) WRG Wargames Research Group (Wargame publishers) WRG World Radio Geneva (radio station) WRG Wiring WRG Whitney Research Group ) is deploying globally its new "Vision 100" ATMs that incorporate the ICE 6000, and that's just the beginning. "Hypercom is listening closely to the market, they are responding, and they are clearly generating interest. They have evolved from a `closed' environment to a company offering a first class development environment, and they are giving value-added resellers and developers a first-time opportunity to create customized, revenue-generating applications on the ICE terminal," said Paul Martaus, president, Martaus & Associates during his keynote presentation at the Hypercom conference. Hypercom Development Tools = Customized Applications The combination of Hypercom's HyperWare retail/restaurant base application and its Visual HyperWare Developer's Toolkit A set of software routines and utilities used to help programmers write an application. For graphical interfaces, it provides the tools and libraries for creating menus, dialog boxes, fonts and icons. (VHDT) lets VARs and ISVs, processors and financial institutions quickly and cost-effectively develop new highly customized applications using Microsoft(R)'s popular Visual Studio(TM) platform. Equally important, all applications developed using VHDT are portable across any Hypercom terminal. For Hypercom customers, VARs and ISVs, this means working in a development environment with a wide availability of resources, a consistent application integration path for a broad range of terminals and the stability necessary for cost-effective maintenance. Hypercom's operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , TranSafe(TM), delivers a complete terminal application processing environment in which embedded payment and non-payment applications co-exist on the same terminal. An unlimited number of applications can quickly and efficiently run in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with financial applications on the terminal, creating a unique and complete application environment for businesses -- and the market is embracing the opportunity. Hypercom's 2002 VAR Conference is an annual event that brings VAR and ISV (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer. partners together with Hypercom's executive management and engineering teams and each other. Participants get an update on Hypercom's newest hardware and software product offerings, and exchange news and information aimed at furthering their success in developing and marketing new solutions on Hypercom terminals. About Hypercom Hypercom Corp. is the leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers. Hypercom's products include secure Web-enabled card payment terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. and traditional payment applications. The company's widely accepted ePOS-infocommerce(TM) (epic) framework of consumer-activated, EMV-certified, touch-screen ICE (Interactive Consumer Environment) terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention. Headquartered in Phoenix, Hypercom is independently acknowledged as the leading provider of point-of-sale card payment terminals worldwide. Demand for Hypercom's terminals surpassed 1 million units last year alone. Hypercom today maintains an installed base of more than 5 million terminals in over 100 countries, which conduct over 10 billion transactions annually. Hypercom's Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. is www.hypercom.com. Hypercom and HyperWare are registered trademarks of Hypercom Corp. ICE, ePOS-infocommerce and TranSafe are 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. Certain matters discussed within this press release are 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. 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 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 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 other risks detailed from time to time in Hypercom's SEC reports, including the company's most recent 10K and subsequent 10Qs. QUOTE SHEET Value-Added Resellers/Independent Software Vendors Speak Out at Hypercom's Annual VAR Partner Conference "As a leading provider of transaction software for petro/c-store, financial, government and value-add applications, Atrana has used Hypercom's Visual HyperWare(R) Developer's Toolkit to create powerful, flexible solutions for the POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale market. Through its VAR program, Hypercom has provided Atrana the support and tools we need to create these robust feature-rich applications." Alem Boukadoum, executive vice president, Atrana Solutions "The ICE terminal is ideal for the point-of-sale, but it goes beyond that, as our new `Vision 100' ATM demonstrates. Hypercom's development environment lets you quickly and cost-effectively develop virtually any application that a merchant would ever want, and fulfill literally any transactional or informational need that they would require at the point-of-sale and beyond. And whatever you develop is going to be backward compatible Refers to hardware or software that is compatible with earlier versions of the product. Also called "downward compatible." Contrast with forward compatible. backward compatible - backward compatibility . That means that the applications work on any Hypercom(R) terminal, at any time. It's that kind of flexible, scalable migration path that companies like ours are using to meet the escalating demand for highly customized solutions that add value and generate incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenues at the point-of-sale. We used all of this to create our new `Vision 100' ATM, and that product is generating considerable interest both domestically and internationally." Mike Stevenson, vice president, WRG "The key phrase is `value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. .' If you can give the Independent Sales Organization This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , bank or any organization a tool that helps them create revenues, then you've got a winner. That's what we've got with our ReflexGT gift card and loyalty program. And we have added it to Hypercom's C-based HyperWare application, so that every ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. can quickly offer it to their customers." Bill Biwer, president, Smart Card Solutions LLC Hypercom and HyperWare are registered trademarks of Hypercom Corp. ICE and ePOS-infocommerce are 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. |
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