Hypercom and Communications Intelligence Corp. Team to Combat Fraud and Identity Theft.PHOENIX & REDWOOD SHORES, Calif. -- Payment, Biometric, and eSignature Technologies Combine to Authenticate Identification and Streamline Electronic Documents Global payment technology leader Hypercom Corp. (NYSE NYSE See: New York Stock Exchange : HYC HYC Houston Yacht Club (Texas) ) and Communications Intelligence Noun 1. communications intelligence - technical and intelligence information derived from foreign communications by other than the intended recipients COMINT Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CICI CICI Cochlear Implant Club International ) ("CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. "), the leader in biometric signature An authentication method that uses the dynamics of a person's handwritten signature. The pen pressure and duration of the signing process, which is done with a stylus on a touch screen or digital-based pen tablet, is recorded as an algorithm that is compared against future signatures. verification and a leading supplier of electronic signature solutions, today announced they are teaming to help financial institutions and retailers combat fraud and identity theft by authenticating customer signatures at the point-of-service. Under the terms of the agreement, CIC will license its complete SignatureOne(TM) suite of biometric and electronic signature products to Hypercom, initially for incorporation into Hypercom's 32-bit Optimum L4100 and L4250 signature capture card payment devices and for resale. "There is a clear and compelling need for the industry to address electronic signatures across the entire enterprise to facilitate business process automation, while minimizing fraud and identity theft," said Hypercom Chief Scientist and Technology Officer Jonatan Schmidt. "This alliance with CIC again demonstrates our ability to quickly identify, engage and harness advanced technologies that can benefit the market now and going forward. That responsiveness strengthens our ability to compete globally for greater market share and profits." "This agreement affirms the value that our combined offerings bring to our customers and the global market in general with best-of-breed hardware, software and services," said CIC Chief Product Officer Russ Davis
CIC's SignatureOne(TM) suite includes the SignatureOne Profile Server, Sign-it(R) software and iSign(R) software 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. . CIC's SignatureOne Profile Server provides user authentication See authentication. , profile administration and transaction receipts. The server architecture uses a common process and methodology to provide a uniform program interface for multiple signature methods and multiple capture devices, simplifying enterprisewide integration of business process automation tasks requiring eSignatures, and eliminating the need for paper copies and ink signatures. This capability enables Hypercom to offer transaction-based eSignature services as part of middleware solutions, leveraging its existing network product line. CIC will receive royalties or a license fee on a per-transaction basis. The agreement also provides Hypercom with full licensing rights to CIC's entire patent portfolio so that Hypercom can use its broad market access and distribution channels to offer solutions that CIC does not have available. Hypercom's highly popular Optimum L4100 is a full-color signature capture terminal with a 64K color 5.7" 1/4 VGA (Video Graphics Array) The display standard for the PC. All PC display adapters support VGA, and Windows machines boot up in "VGA mode" before switching to higher resolutions. screen enabling exact reproduction of corporate logos, advertising and promotional messages at the point-of-sale. It includes an advanced screen protection and replacement system, an exclusive bi-directional dual-sided magnetic stripe reader that allows cards to be swiped in any direction, VISA PED n. 1. A basket; a hammer; a pannier. certification, optional EMV-approved smart card reader, and optional contactless RF reader. The new Optimum L4250 is a high-performance signature capture payment device suited for all multi-lane configurations. It features a 220x80 pixel 16-grayscale-touch screen LCD capable of delivering crisp on-screen on·screen or on-screen adj. & adv. 1. As shown on a movie, television, or display screen. 2. Within public view; in public. advertisements, scrolling line item display and other store messages at the point-of-service, and the same 32-bit architecture as the Optimum L4100. The two companies have already established their first win with a solution enabling legally compliant electronic signatures from CIC to be captured via Hypercom's secure L4100 multi-lane payment terminals for consumers executing cellular service contracts at various retail telecommunications stores. The companies are jointly pursuing additional opportunities in the financial services, retail and health care markets. About CIC (www.cic.com) Communications Intelligence Corp. ("CIC") is a leading supplier of electronic signature capture solutions for business process automation in the financial industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online(R)" with multiple signature technologies across virtually all applications. Industry leaders such as AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group , Charles Schwab, Prudential, Nationwide (UK) and Wells Fargo choose CIC's products for deployment. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, Calif., and has a joint venture, CICC CICC Custom Integrated Circuits Conference CICC Center for the Improvement of Child Caring (Studio City, CA) CICC China International Capital Corp. , in Nanjing, China. 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, 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. Optimum and Design is a 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 United States 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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