Almost 3 weeks, and no announcements from the company. I figured they would have signed a contract, or something....HYC is able to keep momentum during this quarter...
Tuesday November 16, 7:50 am Eastern Time
Company Press Release
Merchant Services Orders 25,000 Hypercom Card Payment Systems
Leading US Acquirer Selects Hypercom as Exclusive Provider
Cites Revenue-Generating Solutions
PHOENIX--(BUSINESS WIRE)--Nov. 16, 1999--Merchant Services, Inc., a leading US credit/debit card acquirer, is deploying 10,000 Hypercom© ICE(TM)
5000, 10,000 T7 card payment systems and 5,000 S8 PIN pads to customers and prospects nationwide, and has named Hypercom Corporation (NYSE: HYC -
news) its exclusive provider of card payment systems. Headquartered in New York, Merchant Services and its affiliates provide services to more than 40,000
businesses in the retail, hospitality and emerging market sectors. Hypercom is a leading provider of electronic payment solutions.
``Hypercom's card payment systems pack an array of revenue-generating features such as on-screen advertising, customized receipts, receipt storage and
transaction transmission times of under six seconds that can really benefit our merchants,' said Ray Sidhom, president, Merchant Services, New York. ``Add to that
the quality, reliability and flexibility of Hypercom's innovative solutions, and we deliver value-packed products that no other electronic payment solutions provider
comes close to.'
Hypercom's ICE 5000 is a powerful, multi-function touch-screen terminal incorporating a high-speed thermal printer, paper cutter, and Hypercom FastPOS(TM)
9600 bits per second (bps) modem technology that completes transactions in under six seconds. Hypercom's ICE 5000 provides a highly interactive and intuitive
user interface that allows the support of complex transactions with minimum user training. When used in concert with Hypercom Ascendent(TM) software, the ICE
5000 also supports online advertising and electronic receipt capture, storage and retrieval. The T7 terminal devices are compact, high-performance terminals that
support draft capture, debit, check, and proprietary card processing and new payment vehicles such as chip card-based credit/debit and stored value cards.
``We are pleased to join Merchant Services in its effort to enhance, streamline and equip its merchants with the highest-quality, value-added solutions on the market
today,' said John Marshall, senior vice president and general manager, Hypercom North America POS. ``Our new partnership is a win-win for Merchant Services'
sales force, distributors and customers, and Hypercom.'
Founded in 1989, Merchant Services Inc. (MSI) presents a broad range of premier transaction processing solutions for retail, hospitality and emerging markets.
MSI has a proactive philosophy of service, which accounts for their fast turnaround of new merchant applications and high retention rate of their expanding merchant
portfolio.
Hypercom Corporation (NYSE: HYC - news) is the single-source global provider of end-to-end electronic payment solutions, including card payment systems,
peripherals, network products, software and e-commerce payment solutions that add value at the point-of-sale for consumers, merchants and acquirers.
Headquartered in Phoenix, Arizona, Hypercom markets its products in more than 70 countries through a global network of affiliates and offices in Argentina,
Australia, Brazil, Chile, China, Germany, Hong Kong, Hungary, Japan, Mexico, Russia, Singapore, Sweden, the United Kingdom and Venezuela. Hypercom's
Internet address is www.hypercom.com.
Hypercom is a registered trademark of Hypercom Corporation. ICE, FastPOS and Ascendent are 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.
Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Although management of Hypercom believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and
technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments
to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in Hypercom's SEC reports, including
the company's 10-K dated September 23, 1999.
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