Hypercom Corporation announced the successful
Hypercom Network Systems’ Integrated Enterprise Network (IEN) by the Fubon
Bank, one of Asia’s leading financial conglomerates. The Fubon Bank will use
Hypercom’s IENs to connect 45 branches and business unit of Fubon Bank
throughout Taiwan, allowing the bank to transfer all of its diverse protocols
over a single high-speed Wide-Area-Network (WAN) connection.
The integration of Fubon Bank’s two previous separate networks into one
high-speed network provides significant cost savings over the previous method
of running parallel networks. Access and communication between branches
improved and more reliable, providing for lower manpower costs. Additionally,
the integrated network management system enables network managers to
the network without a technical background, giving the Fubon Bank the ability
to utilize resources more efficiently. Tainet, a global financial consulting
concern, was integral in facilitating this agreement.
Citing the product’s flexibility and reliability, The Fubon Bank chose
HypercomÂ® to integrate Fubon Bank’s data and voice systems. “We found
Hypercom’s IEN products and solutions the best choice for Fubon Bank,” said
Chuang-si Wang, CEO of Fubon Bank. “Being completely configurable, easy to
maintain, with features that decrease operational risk and expenditures while
increasing our business efficiency, Hypercom was the logical choice.”
“Hypercom is proud to be chosen as the provider of integrated networking
systems for Fubon Bank,” said T.K Cheung, President, Hypercom Network Systems.
“Our work with this leading financial conglomerate further underscores our
commitment to providing world class custom network solutions.”
About Fubon Group
The Fubon Group is one of Asia’s largest fully integrated financial
conglomerates with more than 3.5 million customers in Taiwan, representing
approximately 15% of the country’s population. The Group had a combined
base of approximately NT$101 billion (US$3.05 billion) as of December 2000.
financial services companies are among the leading companies in each of their
respective businesses in Taiwan. Fubon Insurance (TWSE: 2817 TT) is the
property and casualty insurer in Taiwan, with a 20% market share. In 1999
Insurance was selected as Asia’s “General Insurance company of the Year”.
Securities (TWSE: 6007 TT), a fully integrated securities firm, is ranked No.3
in underwriting volume. Fubon Commercial Bank (TWSE: 2842 TT) provides full
commercial banking services with a strong focus on retail banking. Fubon Life
Assurance is the seventh largest life insurer in Taiwan with 112 branch
in Taiwan and nearly 4,000 agents. Fubon Asset Management is the No.2 asset
manager in Taiwan. In May,2000 Citigroup paid US$810 million to acquire a 15%
stake in five Fubon companies.
Hypercom Corporation’s Network Systems Division designs and manufacturers
customized voice, data and POS technology solutions for enterprise, carriers
and service providers. Hypercom Network Systems’ solutions include support for
data and voice over single WAN or LAN connection with integrated capabilities
such as VoFR, VoIP, analog and digital voice, router/bridge, VPN, POS
networking support and legacy protocol support.
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 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) platforms enable acquirers and merchants to decrease costs,
increase revenues and improve customer retention.
Headquartered in Phoenix, Arizona, HypercomÂ® is independently acknowledged as
the leading provider of point-of-sale information and transaction platforms
worldwide. Demand for Hypercom’s platforms surpassed one million units last
year alone. Hypercom today maintains an installed base of more than 4 million
platforms in over 100 countries, which conduct over 10 billion transactions
annually. Hypercom’s Internet address is