25 September, 2002
category: Contactless, Education, Financial
PHOENIX, September 24, 2002 – National Processing Company (NPCR), aleading provider of merchant
credit card processing and a wholly owned subsidiary of National
Processing, Inc. (NYSE: NAP), has
signed a multi-year agreement with Hypercom Corporation (NYSE: HYC), a
leading global provider of
electronic payment solutions, to provide Hypercom’s fast, secure and
easy-to-use ICE? 5500Plus and
T7Plus card payment terminals and HFT quick service payment technology
to its merchant customers.
Hypercom’s technology was selected because its card payment terminals
and associated systems are
among the industry’s fastest and most dependable.
“NPC actively targets industry segments that offer higher growth
potential – such as Quick Service
Restaurants (QSRs) and mid-market petroleum,” said Mark D. Pyke, chief
operating officer for NPC.
“Within these segments, transaction time at the Point-of-Sale (POS) is
crucial; merchants want to
reduce lines and speed checkout. NPC currently processes for over half
of the top ten restaurant
chains and petroleum brands in the United States, and looks forward to
utilizing the Hypercom
solution to gain even more ground.”
“NPC shares the same philosophy as Hypercom: deliver complete solutions
that help the customer to do
more, with greater speed, ease of use and a high degree of security,”
said O.B. Rawls IV, president,
Hypercom North America. “Hypercom continues to lead the industry with
card payment technology and
NPC wants and expects the best for their customers.”
Smart, Fast and Easy To Use Terminals = Increased Revenues for Merchants
Small business owners worldwide recognize Hypercom’s terminals as the
industry leading products that
they are. The feature-rich T7Plus sets a new performance benchmark for
mid-range point-of-sale
terminals. The ICE 5500Plus is a high performance, touch screen-based,
Web-enabled card payment
terminal that incorporates physical security features and
Hypercom’s’HyperSafe? operating system.
In addition to the embedded applications, Hypercom’s epic?
(ePOS-infocommerceR) 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 its browser – as well as secure credit, debit, EBT and
smart card functions. Both
terminals incorporate Hypercom’s new SureLoad? printer for near jam-free
printing at twice the speed
of traditional POS terminals.
Quick Service Payment Technology = Faster Transactions
Hypercom’s HFT 500 family of outdoor card payment terminals deliver
highly secure, fast and
easy-to-use payment technology for merchants who want to speed
transactions, increase customer
satisfaction and generate repeat business. The compact, high security
HypercomR terminals are
embedded directly in a restaurant’s drive-through menu board or as a
stand-alone device. The
payment devices feature a durable all-climate keyboard, an easy-to-read
backlit display and
integrated PIN Pad.
Hypercom’s quick service terminals connect directly to the in-store cash
register system or Hypercom
ICE terminals. The payment transaction details are handled by the
in-store system or they can be
transmitted directly from the terminal to the processor for virtually
instantaneous authorization.
Best of all, Hypercom’s quick service terminals can be immediately
activated at any retail location.
They can support any communications option by using Hypercom FastPOSR,
FastCOM or IEN technologies,
and they offer an easy and fast migration path for future system
upgrades.
About National Processing,Inc.
National Processing, Inc. through its wholly owned operating subsidiary,
National Processing Company
(NPCR) is a leading provider of merchant credit card processing.
National Processing is 85 percent
owned by National City Corporation (NYSE: NCC) (www.nationalcity.com), a
Cleveland based $99 billion
financial holding company. NPC supports over 645,000 merchant
locations, representing nearly one
out of every five MasterCardR and VisaR transactions processed
nationally. NPC’s card processing
solutions offer superior levels of service and performance and assist
merchants in lowering their
total cost of card acceptance through our world-class people, technology
and service. Additional
information regarding National Processing can be obtained at
www.npc.net.
About Hypercom (www.hypercom.com)
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,
and yield increased
profitability for its customers. Hypercom’s products include secure
web-enabled information and
transaction platforms that work seamlessly with its networking equipment
and software applications
for e-commerce, m-commerce, smart cards and traditional payment
applications. The company’s
widely-accepted ePOS-infocommerce (epic) framework of
consumer-activated, EMV-certified,
touch-screen ICE (Interactive Consumer Environment) information and
transaction platforms enable
acquirers and merchants to decrease costs, increase revenues and improve
customer retention.
Headquartered in Phoenix, Arizona, Hypercom maintains an installed base
of more than 5 million
terminals in over 100 countries, which conduct over 10 billion
transactions annually.
# # #
Hypercom, ePOS-infocommerce, Hypercom FastPOS and HyperWare are
registered trademarks of Hypercom
Corporation. ICE, SureLoad, HyperSafe and epic 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.