Hectronic Selects Hypercom Unattended Payment Solution for Parking Machines in Brussels
Hypercom Corporation (NYSE: HYC) today announced that Hectronic GmbH, one of the leading worldwide suppliers of parking ticket machines, has selected Hypercom's unattended payment terminal Artema Modular for installation in on-street parking machines in the Belgian capital, Brussels.
The rollout and installation of over 600 Artema Modular kits has already begun. The PCI-certified unattended payment terminal will initially be used for credit card payments, allowing for the future acceptance of PIN-based transactions. All transaction data is transmitted via a GPRS module which is installed in the parking ticket machine.
"Hectronic's selection of Hypercom reinforces the flexibility, security and operational efficiency of our technology and demonstrates the level of leadership we have built up in Europe's fast growing unattended card payment sector," said Peter Ehlers, Managing Director, Northern Europe, Hypercom Corporation. "We are delighted to work with this leading machine integrator to bring secure and convenient card payments to Belgium consumers."
Stefan Forster, Managing Director at Hectronic, added, "Due to the terminal's modular and flexible components and interfaces, it provides an ideal solution for our international and project-specific requirements. This is why we have selected Hypercom as our preferred supplier of unattended payment terminals, and have already deployed Artema Modular in on-street parking projects in Germany, France, UK, Ireland, Malaysia and Australia."
Artema Modular, Hypercom's best-in-class unattended card payment solution, was first introduced at the end of 2005, and can now be found in self-service machines deployed in Europe, the Middle East, Asia Pacific and North America.
"Hectronic's selection of Hypercom reinforces the flexibility, security and operational efficiency of our technology and demonstrates the level of leadership we have built up in Europe's fast growing unattended card payment sector," said Peter Ehlers, Managing Director, Northern Europe, Hypercom Corporation. "We are delighted to work with this leading machine integrator to bring secure and convenient card payments to Belgium consumers."
Stefan Forster, Managing Director at Hectronic, added, "Due to the terminal's modular and flexible components and interfaces, it provides an ideal solution for our international and project-specific requirements. This is why we have selected Hypercom as our preferred supplier of unattended payment terminals, and have already deployed Artema Modular in on-street parking projects in Germany, France, UK, Ireland, Malaysia and Australia."
Artema Modular, Hypercom's best-in-class unattended card payment solution, was first introduced at the end of 2005, and can now be found in self-service machines deployed in Europe, the Middle East, Asia Pacific and North America.
About Hectronic
The company, with its headquarters in Germany, was founded in 1928. It offers a complete product range in the parking and fuelling market segments and has a tremendous world standing in terms of quality and innovation. In the parking sector, Hectronic ranks among the market leaders with its auto ticket terminals. Hectronic also offers a complete product range in the fuelling sector.www.hectronic.com
About Hypercom
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 earlier this year, 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 and Artema 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 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; 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.
www.hypercom.com
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