The Phoenix Group to Purchase $6 Million of Hypercom Optimum Products
SCOTTSDALE, Ariz., June 2009 – Hypercom Corporation (NYSE: HYC) recently announced that The Phoenix Group, the largest independent distributor of point-of-sale products and services, plans to purchase up to $6 million of Hypercom’s high security Optimum payment products for resale to its bank and ISO customers throughout the United States.
“Our customers demand the best price and performance in this tough economy and leaders like Hypercom deliver on both. Once you see these sensible, best value devices in action, it is abundantly clear that they raise the bar,” said Scott Rutledge, founder and President of The Phoenix Group. “Hypercom’s benchmark-setting products are one of the essential components to the secure functioning of the US electronic transaction market.”
“Leaders like the Phoenix Group are proactively advancing to deliver the most sensible high security payment products that will help US retailers compete and build profits in today’s demanding economic environment. We are delighted to provide the products they need to do just that,” said Heidi Goff, President and Managing Director, The Americas, Hypercom Corporation.
Hypercom’s high security Optimum T4200 product family for North America consists of four powerful 32-bit multi-application devices that share the same platform, user interface and software toolkit to maximize efficiency, application portability and offer customers a broad range of options to serve any market need.
About The Phoenix Group (www.phoenixgrouppos.com)
The Phoenix Group is the nation’s largest independent supplier and service provider for point-of-sale products and the only one with distribution agreements with every major manufacturer.
About Hypercom Corporation (www.hypercom.com)
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. 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.
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on Jun 25, 09 | 4:30 am | Profile
Central Payment Corporation Markets Hypercom Optimum T4205 to 25,000+ Retailers
SCOTTSDALE, Ariz., June 16, 2009 – Hypercom Corporation (NYSE: HYC) announced that Central Payment Corporation (CPC), a leading merchant service provider and Independent Sales Organization has selected and is now marketing Hypercom’s high security T4205 to its more than 25,000 US-based merchant customers. CPC will offer the T4205 as the terminal of choice to the 1,300 new merchants that it adds monthly. The T4205 is replacing an incumbent terminal provider’s product. The action follows CPC’s Class A certification of the device.
“Our customers want products that can help them grow their business, and the T4205 does just that. This sleek product is a cut above anything remotely comparable, and we anticipate considerable demand,” said Zachary Hyman, Managing Partner, Central Payment Corporation.
“Savvy merchants want their transaction devices to incorporate rigorous security, high speed, increased memory and power. The T4205 delivers on all of those critical fronts and more,” said Bernie Frey, Vice President of North American Sales, Hypercom Corporation. “With leaders like Central Payment Corporation, we are bringing best value and benchmark setting products to the retail countertop.”
The T4205 is the newest member of Hypercom’s high security Optimum T4200 product family. That family for North America consists of four powerful 32-bit multi-application devices that share the same platform, user interface and software toolkit to maximize efficiency, application portability and offer customers a broad range of options to serve any market need.
About Central Payment Corporation (www.centralpaymentcorp.com)
Central Payment Corporation (CPC) is a leading provider of transaction processing services. As one of the fastest growing payment processors in the country, CPC is committed to personal service, competitive pricing and solutions to help businesses grow and become more profitable. Headquartered in Marin County, California, CPC provides credit card processing and a host of other electronic payment solutions to more than 25,000 small, medium and large businesses across the United States. For additional information, please call 415.462.8335 x 7115 or visit www.centralpaymentcorp.com
About Hypercom (www.hypercom.com)
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. 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.
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on Jun 18, 09 | 2:42 am | Profile
Hypercom Expands High Security Product Portfolio in UK
SCOTTSDALE, Ariz. and SALISBURY, UK, June, 2009 – Hypercom Corporation (NYSE: HYC) recently announced that its Artema® Modular unattended payment terminal and P2100 PIN Pad have received APACS (Association of Payments And Clearing Services) Common Criteria accreditation for use in the UK. These most recent accreditations further strengthen Hypercom’s position as a leading provider of payment solutions in the UK market.
“Hypercom brings to the UK market a complete approved portfolio of high security countertop, mobile and unattended payment devices,” said Dave Millener, Managing Director, Hypercom UK and Ireland. “Our products meet virtually every possible card payment scenario, provide safe shopping for consumers, reliability for merchants and optimized cost of ownership for our customers.”
In addition to the Artema Modular and P2100 PIN Pad, APACS has accredited Hypercom’s Optimum family including the T4200 platform with options for dial, IP and GPRS connectivity, the M4200 Bluetooth and GPRS mobile terminals, and the S9 PIN Pad.
Artema Modular, Hypercom’s best-in-class unattended card payment solution, first introduced at the end of 2005, can now be found in kiosks, vending, petrol and other self-service machines deployed in Europe, the Middle East, Asia Pacific and North America.
The Optimum P2100 PIN Pad offers a range of chip and magnetic stripe card reader configurations, facilitating usage in a wide variety of retail environments. With an integrated privacy shield, high-contrast full graphics display, large color-coded and DDA (Disability Discrimination Act) compliant keypad, it provides a highly intuitive cardholder interface, as well as complying with all relevant Chip and PIN standards.
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. 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.
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on Jun 15, 09 | 5:32 am | Profile
VeriFone Announces Public Transportation Payment and Management Solutions
VIENNA – June, 2009 – VeriFone Holdings, Inc. (NYSE: PAY) yesterday exhibited the breadth of its payment and management solutions for public transportation at the Mobility & City Transport Exhibition of the International Association of Public Transport (UITP) World Congress and Exhibition here (Booth 1D314).
VeriFone is exhibiting a broad slate of products and management solutions spanning automated fare collection, taxi payment and media systems, ticketing and card loading, and dispatch and fleet management.
“Payment is at the hub of public transportation systems and transit authorities are leveraging the emerging contactless payment technology to drive system modernization efforts,” said Soner Casur, Vice President & General Manager for VeriFone South East Europe, “VeriFone is utilizing is industry-leading payment expertise to develop the most comprehensive and integrated components and end-to-end management solutions for public transport environments.”
VeriFone has deployed transportation systems around the world, from Istanbul to Singapore to New York City, and supports both EMV and non-EMV bank-issued cards as well as closed-loop cards, such as MiFare cards. It is utilizing the UITP venue to bring together its complete public transportation portfolio for the first time, displaying product and management solutions that include:
* Automated Fare Collection – VeriFone’s solution enables municipalities to operate fully automated payment utilizing contactless payment for various modes of transport, integrating with back-office information systems as well as the systems employed by banks, dealers, government offices and transport companies.
* Integrated Taxi Payment and Media – VeriFone has deployed more taxi management and payment solutions worldwide than any other vendor, ranging from taximeter-based integrated card processing systems to individual and payment wireless solutions. Passenger Information Monitors support the delivery of entertainment, directory and multimedia information for passengers, as well as location-based services.
* Ticketing and Card Top-Up – Unattended self-service solutions from VeriFone make it easy for passengers to purchase and reload cards. More than 2,000 systems deployed by VeriFone support high-volume usage and enable realtime data mining, pricing and revenue controls.
* Fleet Dispatch and Management – VeriFone’s integrated dispatch and management solutions enable fleet operators and municipalities to more efficiently direct taxis to the areas where they are most needed. With GPS and GPRS communications tracking movement, checking fuel levels and monitoring revenue, VeriFone’s solutions increase productivity while improving productivity and customer service.
* End-to-End Information Management– Complete systems development services specifically geared to transportation solutions, including requirements analysis, systems design, project management, development and integration.
VeriFone is a global leader in secure electronic transaction solutions. The company's devices and systems process a broad spectrum of payment types including signature and PIN-based debit cards, credit cards, EMV smart cards, contactless, value-added applications, and signature capture. Our solutions incorporate existing and emerging technologies, comply with the latest global security standards, and take advantage of the latest connectivity options from GPRS, CDMA, and Wi-Fi to IP and Bluetooth-enabled devices.
VeriFone Reports Second Quarter Fiscal 2009 Results
SAN JOSE, CA - June, 2009 - VeriFone Holdings, Inc. (NYSE: PAY), the global leader in secure electronic payment solutions, yesterday announced financial results for the three months ended April 30, 2009.
Net revenues for the three months ended April 30, 2009, were $201.6 million, 14% lower than the net revenues of $233.0 million for the comparable period of 2008. Net revenues from VeriFone's North America business decreased 17% while net revenues from VeriFone's International business decreased 11%.
Non-GAAP gross margins were 33.8%, for the three months ended April 30, 2009, compared to 35.0% for the comparable period of 2008. GAAP gross margins for the three months ended April 30, 2009, were 32.2% compared to 31.5% for the three months ended April 30, 2008.
Non-GAAP operating expenses for the three months ended April 30, 2009, were $44.8 million compared to $53.7 million for the comparable period of 2008. GAAP operating expenses for the three months ended April 30, 2009, were $52.6 million, compared to $78.0 million for the comparable period of 2008.
Non-GAAP net income, for the three months ended April 30, 2009, was $0.17 per diluted share, compared to $0.19 per diluted share, for the comparable period in 2008.
GAAP net income per share for the three months ended April 30, 2009, was $0.22 per diluted share, compared to a loss of $(0.21) per diluted share, for the comparable period of fiscal 2008.
“Our revenue results continued to be challenged by the difficult global economic environment,” said Douglas G. Bergeron, Chief Executive Officer. “It is still too early to predict when VeriFone’s revenue will rebound, but we remain confident of our earnings and cash generation capabilities.”
Guidance – Third Quarter 2009 and Full Year
For the third quarter ending July 31, 2009, VeriFone expects to report net revenues that are relatively flat to our second quarter results of $202 million. Non-GAAP net income per share is projected to be in the range of $0.15 to $0.18.
For the full year of fiscal 2009, VeriFone expects net revenues to be in the range of $810 million to $830 million. Non-GAAP net income per share is expected to be in the range of $0.65 to $0.70, for the same time period.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Holdings, Inc. These risks and uncertainties include: our assumptions, judgments and estimates regarding the impact on our business of the continued uncertainty in the global economic environment and financial markets, our ability to identify and complete acquisitions and strategic investments and successfully integrate them into our business, our ability to protect against fraud, the status of our relationship with and condition of third parties such as our contract manufactures and key suppliers upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
