Samport, Hypercom and Structab Bring EMV Payments to Taxi Stockholm in Sweden
Transaction Security Leaders Deploying 1,600 Optimum M4100 Systems
SCOTTSDALE, Ariz., and STOCKHOLM, SWEDEN, July 21, 2010 (AllPayNews.com) – Hypercom Corporation (NYSE: HYC) today announced that SamportPayment Services AB and Structab AB will supply 1,600 Hypercom Optimum M4100 EMV mobile payment terminals to Taxi Stockholm AB cabs transporting over 40,000 customers per day. The rollout is already underway in Stockholm and is expected to be completed before the end of the year.
“Taxi Stockholm is recognized for its first class and highly reliable service in transporting hundreds of thousands of commuters, visitors and other travelers. We are pleased to join with payment security experts Samport and Hypercom to support this leading transportation company’s move to EMV,” said Mikael Andersson, CEO, Structab AB.
“Samport provides complete transaction processing systems and solutions that recognized leaders like Structab AB and Taxi Stockholm AB can have absolute confidence in, and are doing that with Hypercom’s innovative high security payment terminals,” said Mikael Hedlöf, Chief Executive Officer, Samport. Samport is a Hypercom authorized distributor and service partner in the Nordic countries.
With Structab AB’s state-of-the-art MegTax taximeter and Hypercom’s high security Optimum M4100 “Blade”, the driver simply hands the M4100 to the customer with the amount of the fare already entered. The customer is prompted to proceed in the local language or in English, enters a gratuity in the local currency if desired, swipes or inserts a payment card for authorization, enters a PIN and receives a printed receipt.
"This deployment strengthens our position in the taxi vertical, expands our footprint in Europe’s transportation sector, and brings new levels of speed, security and convenience to the taxi cab drivers and their passengers,” said Peter Vesco, Managing Director, Hypercom Northern Europe.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions 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, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.
Hypercom and Optimum and Design are registered 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.
This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding market acceptance of new products, product capability and performance, product competitiveness, product sales, revenues, profits and market share. These forward-looking statements are based on management’s current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include: industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; compliance with industry standards, certifications and government regulations; the performance of distributors, suppliers, contract manufacturers and subcontractors; risks associated with international operations and foreign currency fluctuations, the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.
Media contacts:
Pete Schuddekopf
Hypercom Corporation
+1 480.642.5383
pschuddekopf@hypercom.com
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