EMV Specialist Consultancy Team provides EMV Strategy and Migration Paths to Leading International Financial Institutions

Phoenix, AZ and Woking, UK, August 20, 2003 – The First National Bank of

South Africa, a division of
FirstRand Bank Ltd, a leading bank in South Africa, has selected
advanced networking technology and
up to 5,000 EMV-certified ICE? card payment terminals for a fully secure
and complete, end-to-end
EMV transaction system from global electronic payment technology leader
Hypercom Corporation (NYSE:
HYC).

Hypercom, leading with its established EMV Specialist Consultancy team,
and partner Grintek Telecom,
an integrated communications solutions provider and division of Grintek
Group Limited, were selected
to provide First National Bank (FNB) with a secure, end-to-end EMV
technology migration solution.
Unique to the industry, Hypercom’s EMV Specialist Consultancy team are
experts with a full
understanding of EMV technologies and migration issues.

Hypercom’s highly advanced card payment technology has earned Hypercom
global honors in the last
several months alone including Frost & Sullivan’s Company of the Year
award – for the second
consecutive year – and the Visa EU and CEMEA 2003 Chip Vendor of the
Year Award for EMV Migration
Excellence. Continuing a series of global marketplace wins, Hypercom
has been awarded several new
contracts for its card payment terminal technology with HyperSafe?
operating system security.

Mr. Fred Malan, Head of FNB’s Merchant Acquiring Delivery Channel
department said, “Hypercom’s EMV
technology has allowed us to offer our retail merchants fast, secure
transactions, lower cost of
ownership and a broad product range to select from.”

He adds, “In our selection process it was important to gain extra
benefits, and Hypercom’s
technology has allowed us to do just that. Reducing our customer
service calls and improving
customer satisfaction in terms of ease-of-use and transaction speed are
just two examples of the
many benefits this technology is delivering.”

Chris Alexander, Chairman & CEO, Hypercom Corporation, said: “First
National Bank of South Africa
wants the fastest, most secure and cost-effective EMV card transaction
technology for their
merchants, and their selection of Hypercom demonstrates yet again that
Hypercom delivers just that
and more.”

About First National Bank, South Africa (www.fnb.co.za)

First National Bank is a division of FirstRand Ltd (FSR), a financial
services company that is
listed on the Johannesburg Securities Exchange (JSE).

First National Bank is a major provider of transactional banking
services and credit facilities to
large and medium corporates, financial institutions and government
bodies. FNB’s strong
relationships with our customers give us the ideal opportunity to expose
them to the wider financial
services offerings of the FirstRand Group.

About Grintek Limited (www.grintektelecom.com)

Grintek Limited (GNK) is quoted on the Johannesburg Securities Exchange
(JSE) in the electronics
sector and has facilities in Pretoria, Centurion, Cape Town and Durban.
The group is a contractor
and supplier of electronics-related products and services to the
telecommunication, mining,
avionics, defence, air traffic control, security and power utilities
markets in the RSA and selected
export markets, making the group a technological leader in the South
African electronics industry.

Grintek Telecom is one of South Africa’s leading empowerment ICT and
telecommunications solutions
and integration companies. Since its formation in 1993, Grintek Telecom
has grown rapidly from a
specialist niche telecommunication company, to the ICT integrator it is
today.

The company’s telecommunications solutions have been implemented in more
than 500 top South African
companies and it provides solutions, services and maintenance in 23
African countries.

About Hypercom Corporation (www.hypercom.com)

Celebrating 25 years of technology excellence, innovation and
leadership, Hypercom Corporation is a
leading global provider of electronic payment solutions that add value
at the point-of-sale for
consumers, merchants and acquirers, and yield increased profitability
for its customers. Hypercom’s
products include secure web-enabled information and transaction
terminals that work seamlessly with
its networking equipment and software applications for e-commerce,
m-commerce, smart cards and
traditional payment applications.

Hypercom’s widely-accepted Internet-enabled, consumer-activated and
EMV-approved touch-screen ICE
(Interactive Consumer Environment) information and transaction terminals
enable acquirers and
merchants to decrease costs, increase revenues and improve customer
retention.

Headquartered in Phoenix, Arizona, Hypercom has shipped more than six
million terminals in over 100
countries, which conduct over 10 billion transactions annually.

# # #

Hypercom is a registered trademark of Hypercom Corporation. ICE and
HyperSafe 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 Hypercom management
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 most recent 10K and
subsequent 10Qs.

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