Hypercom Corporation today announced that the first Russian EMV transaction has taken place on one of its ICE 5500 terminal. This historic transaction was facilitated by Hypercom, STB Card Processing Centre, and with a Barclays EMV MasterCard at the President Hotel in Moscow. The transaction was observed by 30 journalists together with representatives from Europay International and local Europay member banks.
Jairo E. Gonzalez, President, Transaction Systems Group, Hypercom Corporation comments:
"Naturally, we’re delighted that this first Russian EMV transaction was processed by one of our payment terminals. EMV systems are now being rolled out on all continents, this milepost is further evidence that Hypercom is regularly seen as the supplier of choice for EMV-certified payment terminals."
Hypercom's ICE 5500 is a high performance, touch screen-based, Internet-enabled card payment terminal and web appliance. It incorporates 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 payment 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. The ICE 5500 is fully certified by Europay International and EMVCo LLC at both level 1 (hardware, electro-mechanical and IFM card reader interface) and level 2 (application software).
Andrei Korolev, Europay International Regional Business Manager - Russia, commented:
"The first chip transaction in Russia is the result of close and continuos co-operation of Europay International, STB Card Processing Centre and Hypercom. It’s a big step forward towards further implementations and development of the latest payment technologies in our region."
Jairo Gonzalez, concludes: "This announcement clearly demonstrates Hypercom’s smart card expertise and its commitment to Russia and the CIS region, where Hypercom has had an office for the last 4 years. The critical EMV software applications were developed in Hypercom’s Zelenograd, Russia, research and development centre, which now employs over 50 engineers. It is Hypercom’s smart card experience, innovative products and advanced technology that have made Hypercom the fastest growing supplier in Europe."
About Hypercom Corporation
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 4 million card payment terminals which operate in over 100 countries and conduct more than 2.85 billion transactions annually. Hypercom's Internet address is http://www.hypercom.com
For more information, please contact:
+44 (0)20 7761 1734
+44 (0) 1483 718600
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