Only Card Payment Solutions Provider Recognized For Five Consecutive Years
SCOTTSDALE, November 13, 2008 (AllPayNews.com) – Hypercom Corporation (NYSE: HYC) has risen to the number 33 spot on the FinTech 100 annual ranking of the top technology providers to the global financial services industry, marking a nine-point gain over last year, according to American Banker and Financial Insights. The company is the only provider of high security card payment terminals and services to be recognized for five consecutive years.
The ranking is compiled by American Banker, SourceMedia’s flagship publication for banking and financial services professionals, and by global independent advisor Financial Insights, an IDC Company. Launched in 2004, the ranking is based on overall revenues as well as revenues from the financial sector, enabling financial institutions to evaluate technology vendors both on their commitment to the industry and their market penetration.
“The global financial services industry is a major focus for Hypercom, and that is clearly reflected, yet again, in our standing as the only provider of card payment solutions to appear on the FinTech ranking for five years in a row,” said Philippe Tartavull, Chief Executive Officer and President, Hypercom Corporation. “This fact demonstrates the recognition we hold in the financial services sector, and the success of our high security electronic transaction solutions.”
About the FinTech 100
The FinTech 100 is a ranking of the top 100 application/service providers in the financial services market, focusing on vendors that derive more than one-third of their revenue from the financial services industry. Vendors are ranked based on 2007 calendar year-end revenues and the percentage of revenues from sales to financial services clients.
About Hypercom (www.hypercom.com [1])
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. With its acquisition of Thales e-Transactions business earlier this year, Hypercom became the second largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third largest provider globally.
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Links:
[1] http://www.hypercom.com