Hypercom Corporation (NYSE: HYC), today announced that it has received notification from EMVCo that the ICEÃ¤ 5500 card payment terminal has successfully passed all EMVCo level 2 smart card test scripts for its standard card payment terminal application. The notification marks the first time that any company has been awarded three EMVCo level 2 certifications. Hypercom s achievement is in line with the company s goal of offering global support and interoperability of mainstream secure chip card technologies.
The tests were conducted by Radio Frequency Investigation, Ltd (RFI), an EMVCo accredited laboratory based in the United Kingdom.
This achievement again demonstrates Hypercom s leadership in delivering the highest-quality, smart card capable software and terminals to the point-of-sale, and we are doing that on a global basis, said Jairo E. Gonzalez, president, Transaction Systems Group, Hypercom Corporation.
Hypercom has already rolled out several large smart card programs in Europe, Asia and Latin America. These include smart card-based credit, debit, stored value, loyalty, ticketing and e-coupon applications. More recently, shipments of smart card-capable ICE terminals have accelerated in the US, where savvy processors have begun preparing for the inevitable arrival of smart cards.
Additionally, the company two years ago remotely upgraded its installed base of card payment terminals in the UK with the latest EMV-certified software applications. This remote upgrade was done from Hypercom s sophisticated and centrally located Term-Master Suite terminal management system and without having to upgrade hardware, further demonstrating the company s ability to keep terminals apace with evolving smart card standards.
In addition to being smart card-ready, Hypercom s high-performance, high security ICE card payment terminals incorporate physical security features and Hypercom s TranSafeÃ¤ operating system that integrates firewall-protected, multi-tasking, multi-applications functionality, along with EMV chip card capability, a secure PIN pad, secure software downline loading, and built-in HTML/HTTP Web browser.
EMVCo, LLC, was formed in February 1999 by Europay International, MasterCard International and Visa International to manage, maintain and enhance the EMV Integrated Circuit Card Specifications for Payment Systems as technology advances and the implementation of chip card programs become more prevalent. The formation of EMVCo ensures that single terminal and card approval processes are developed at a level that will allow cross payment system interoperability through compliance with the EMV specifications.
About Hypercom Corporation
Hypercom Corporation (NYSE: HYC) is the 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, high performance, Web-enabled card payment terminals 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-infocommerceÃ¤ (epic) framework of consumer-activated, EMV-certified, touch-screen ICEÃ¤ (Interactive Consumer Environment) terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.
Headquartered in Phoenix, Arizona, Hypercom is independently acknowledged as the leading provider of point-of-sale card payment terminals. Demand for Hypercom’s terminals surpassed one million units last year alone. Hypercom today maintains an installed base of more than 5 million terminals in over 100 countries, which conduct over 10 billion transactions annually.Details