4,000,000th Terminal Delivered as Demand Accelerates for Consumer-Interactive, Touch-Screen Card Payment Devices
Hypercom Corporation Transaction Systems Group President Jairo E. Gonzalez announced today that the company has shipped its four millionth point-of-sale card payment terminal. The terminal, Hypercom's popular ICE5500, epic compatible terminal, was shipped to First Data Merchant Services (FDMS) to support their ongoing implementation requirements. This achievement follows Hypercom's near 40% increase in 1999 global terminal shipments recently reported by The Nilson Report, (www.nilsonreport.com) and the company's 12% increase in 2000 U.S. shipments, just reported by ATM & Debit News.
``Hypercom is rapidly building its market share, and our technology is setting the standard for the electronic payment industry worldwide,'' Gonzalez said in remarks to hundreds of convention attendees at the ETA Annual Meeting and Exposition. ``We are bringing to market advanced terminals and value-added wireless, Internet-based and smart card applications that allow merchants to maintain and increase their competitive edge in the rapidly changing marketplace. We are moving towards worldwide industry leadership, and we are doing it by providing the best possible solutions to innovative and industry-leading companies such as First Data Merchant Services.''
``We applaud Hypercom's record-breaking victory. They are an excellent partner in providing quality card payment products and they are committed to service,'' said Steve Van Fleet, senior vice president, First Data Merchant Services, as Gonzalez presented him with a gold-plated ICE 5500 terminal. ``The selection of Hypercom was an easy one. They are a premier provider of consumer interactive, screen-based, smart card enabled card payment terminals and web appliances that deliver an array of secure physical and Internet-based information services.''
Escalating demand boosted Hypercom's worldwide market share of POS terminal shipments to 18.4% in 1999 from 15.9% a year earlier as the electronic payment provider outpaced and continued to take market share from competitors. During 1999, Hypercom shipped 896,519 card payment terminals. This included dramatic 234% and 71% increases in Europe and Latin America, respectively.
``This latest achievement demonstrates the continued gains that we are making at the expense of both the legacy market leader and would-be challengers,'' Gonzalez added.
Hypercom's ePOS-infocommerce (epic) ICE devices are high performance, touch screen-based, Internet-enabled card payment terminals and web appliances that incorporate a firewall-protected multi-application operating system, EMV chip card capability, secure PIN pad, built-in HTML/HTTP web browser and integrated receipt printer. In addition to the embedded applications, Hypercom's epic ICE terminals support a range of value-added applications and services including: electronic signature and receipt capture, e-mail, on-screen advertising, interactive electronic coupons, and cash management reporting through a standard browser - as well as secure credit, debit and smart card functions.
Hypercom Corporation (NYSE: HYC) is a leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers. Hypercom's products include secure card payment terminals and web appliances, networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications.
Headquartered in Phoenix, Arizona, Hypercom maintains an installed base of more than 3.5 million card payment terminals which operate in over 100 countries and conduct more than 2.5 billion transactions annually. Hypercom's Internet address is http://www.hypercom.com
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