Hypercom Introduces First Multilanguage Payment Terminal to Support Chinese Merchants in the United States.PHOENIX & SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif. -- U.S. Bankcard Services Inc. to Roll Out Hypercom T7Plus Featuring Chinese and English Graphics and Text Hypercom Corp. (NYSE NYSE See: New York Stock Exchange : HYC HYC Houston Yacht Club (Texas) ) today announced that it has entered into an exclusive software agreement wherein U.S. Bankcard Services Inc., a leading merchant service provider for credit card processing, will offer to U.S. retailers the first multilanguage card payment terminal featuring Chinese and English graphics and text. U.S. Bankcard Services Inc. expects to sell thousands of the dual-language Hypercom T7Plus with C application credit/debit terminals to a market comprised of more than 60,000 Chinese-American retailers according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the latest economic census from the U.S. Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census . Hypercom's T7Plus with Big 5 Chinese character font software is configured specifically to facilitate its operations by merchants in either Chinese or English languages. Big 5 is a character encoding method used in Taiwan (Republic of China) and Hong Kong to enable traditional Chinese characters to be rendered on computers. "There is an escalating demand for payment products that support the Chinese-American business community. And with Hypercom, we have developed a product specifically designed to the needs of Chinese-American retailers. This product will definitely increase our market share in that segment," said Chris Chang, president, U.S. Bankcard Services Inc. "We have done our homework, and we are capitalizing on our global knowledge and our increasingly strong footing in China to help this important market segment," said Lisa Shipley, senior vice president, National Sales, Hypercom North America. Hypercom's T7Plus is a compact countertop point-of-service (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) terminal that accepts all magnetic stripe cards, delivers fast authorization of payment transactions, provides "One-Touch" shortcut keys that speed operation, and includes a built-in printer that generates receipts in half the time of earlier-generation devices. The printer loads easily with a special drop-in technique that eliminates the need to feed paper through slots and rollers, operates virtually jam-free, and supports long paper rolls to reduce paper changes. It is the successor to Hypercom's T7P, one of the industry's most successful payment terminals. The dual-language version of the T7Plus expands on Hypercom's global capabilities, including its strong and growing presence in the People's Republic of China. In 2003, Hypercom was selected by Industrial & Commercial Bank of China (ICBC ICBC Industrial and Commercial Bank of China ICBC Insurance Corporation of British Columbia ICBC International Commercial Bank of China ICBC Imax Cargo Bay Camera (Space Shuttle) ICBC Interagency Committee on Back Contamination ), the Bank of China (BOC (Bell Operating Company) One of 22 companies that was formerly part of AT&T and later organized into seven regional companies. See RBOC. ), China Construction Bank (CCB CCB Calcium channel blocker, see there ), the Agricultural Bank of China The Agricultural Bank of China (ABC) (Simplified Chinese: 中国农业银行; Traditional Chinese: 中國農業銀行 (ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ) and domestic payment network China UnionPay (CUP) as a preferred card payment technology provider. Additionally, in support of the country's largest unified payments network, Hypercom's networking technology enables cross-city and cross-bank transactions that allow more than 400 million bank card holders in 100 of China's largest cities to use their cards at any payment terminal in the country. About U.S. Bankcard Services Inc. (www.usbankcardservices.com) U.S. Bankcard Services Inc. ("USBSI") is a dominant Merchant Service Provider (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) for credit card processing nationwide. The company offers competitive rates, simplified and secure applications, flexible equipment options, fast approvals, 24-hour in-house multilingual customer service and rapid on-site technical support to its merchants. U.S. Bankcard Services Inc. has established a strong presence in the Chinese-American market segment nationwide by providing credit card processing solutions with personalized support to its merchants. About Hypercom Corp. (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, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a registered trademark 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 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 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 |
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