I'm glad I own some HYC...when will IVI start to put out some blockbuster deals...how about all of these new aquisitions...where are details of any deals...come on IVI!!!
May 19, 1999 14:07
Leading Turkish Bank Orders 10,000 Hypercom Point-of-Sale
Terminals and 52 IEN Networking Nodes; IsBank and
Hypercom Team Up To Deploy Point-of-Sale Terminals
Jump to first matched term
PHOENIX--(BUSINESS WIRE)--May 19, 1999--Hypercom Corporation (NYSE: HYC), a global
provider of electronic payment solutions and the largest supplier of point-of-sale (POS) payment
systems in Turkey, today announced an agreement to provide 10,000 POS terminals and 52
Integrated Enterprise Networking (IEN) nodes to IsBank. This latest agreement increases the
total number of Hypercom(R) terminals ordered by this leading Turkish bank during the last two
years to more than 25,000, and is in direct support of IsBank's card acquisition activities.
"Our retail merchants have told us that they prefer the Hypercom terminal because it is
extremely reliable, easy to operate, requires minimal counter space and processes
transactions extremely quickly" said Mr. Kadir Akgoz, DP Manager, IsBank. In addition to that,
Hypercom's solutions allow us to better protect ourselves against fraudulent transactions
because every transaction is authorised reliably on-line. Hypercom is a perfect fit for IsBank's
card acquisition activities."
Hypercom's T7P is a compact, high-performance point-of-sale terminal that supports credit and
debit card processing. The highly popular terminal speeds up transaction times and helps
prevent long queues at the checkout counter. Equally important, the 'plug and play' Hypercom
T7P is designed to save on cashier training, installation time and costs, processing and
settlement time. Upgrades or re-configurations can be handled remotely.
"IsBank and Hypercom are working very closely together to bring the latest international
transaction processing solutions to the Turkish market" said Rob Meli, Managing Director of
Hypercom Europe. It is a distinct pleasure to provide this leading bank with proven electronic
payment solutions."
IsBank is installing the 52 IEN controllers in regional branches to extend its geographical
network coverage and add capacity in those areas experiencing increasing credit and debit card
authorisation transactions. Incorporating Hypercom's advanced IENView(TM) network
management system, IsBank can remotely manage all of the nodes from its central computer
center.
Hypercom's POS and networking equipment is being supplied to IsBank by Hypercom's local
Turkish partner, SERVUS. Based in Istanbul, SERVUS is a diverse information technology
group providing sales, support and third-party maintenance services for computer systems
ranging from mainframes to personal computers. SERVUS has to-date provided over 550 IEN
networking nodes and more than 67,000 Hypercom POS terminals to banks and retailers
throughout Turkey.
Hypercom Corporation (NYSE: HYC) is a global provider of end-to-end software, networking and
hardware electronic payment solutions, including multi-functional point-of-sale terminals,
peripherals, networking products, Ascendent(TM) payment and transaction software and
Internet-based and electronic commerce payment solutions. On a global basis Hypercom
delivers the services and technology infrastructure required to quickly integrate and deploy new
payment applications. These applications provide competitive value-add programs, improved
business performance and lower total cost of ownership.
Headquartered in Phoenix, Arizona, Hypercom markets its products on all continents, with
installations in over 60 countries. European sales and support offices are located in the United
Kingdom, Hungary and Russia. In addition local EMEA distributors have been appointed in
Germany, Poland, Romania, the Baltic States, Ukraine, Yugoslavia, Russia, Turkey, Cyprus,
Greece, Mauritius, Egypt, Kenya, Ghana, Bahrain, Jordan, Czech Republic, Croatia, Israel and
South Africa. More information on Hypercom and its products can be found at
www.hypercom.com.
Note to Editors: Hypercom is a registered trademark of Hypercom Corporation. Ascendent,
IENView and Hypercom FastPOS 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 28, 1998. |
