Business Services Industry
Total Merchant Services to Purchase 25,000 Hypercom Optimum Payment Terminals; Names Hypercom as Its Provider of Choice
Business Wire, June 18, 2008
Fast Growing ISO Selects Hypercom for Multi-Million Dollar Deal; Extends Popular Free Terminal Program Offering
PHOENIX -- Hypercom Corporation (NYSE: HYC) today announced that Total Merchant Services, Inc., one of the payment industry's fastest growing privately held Independent Sales Organizations (ISOs), has agreed to purchase a minimum of 25,000 Optimum T4100 multi-application card payment terminals for its precedent-setting free terminal program, and also beta test Hypercom's new Optimum T4220 Ethernet and Dial backup devices. In conjunction with the multi-million dollar deal, Total Merchant Services has again named Hypercom its preferred provider of card payment terminals.
"This is the latest in a series of significant purchases for our best-of-breed Optimum card payment terminals," said Heidi Goff, President and Managing Director, Americas, Hypercom Corporation. "Total Merchant Services' decision to continue its innovative free terminal program with our Optimum products is particularly gratifying, and a terrific endorsement."
"Hypercom is the consummate professional organization, and the superior quality of their products gives us a distinct competitive edge," said Edward K. Freedman, President/CEO of Total Merchant Services. "We are committed to providing our sales partners and merchants with the very best products, services and support."
Total Merchant Services' innovative "Sell, Lease or Place" Free Terminal Program, notes Mr. Freedman, enables sales partners "to put their residual commissions on overdrive by 'placing' these terminals at merchant locations for free. In addition, to offset the loss of money from not selling or leasing the terminal, our sales partners can earn $200 production bonuses or between $300-$500 in upfront conversion bonus payments on accounts currently processing over $10,000 per month. No matter what our sales partners opt to participate in, we believe it's imperative for them to have choices. That's why we're continuing this highly successful program and letting our sales partners decide what works best for them - sell, lease or place the terminal at the merchant location for free - and we are offering one of the most modern, state-of-the-art, multi-application, dual-comm terminals on the market today," said Mr. Freedman.
For more information please visit www.upfrontandresiduals.com.
About Total Merchant Services (www.upfrontandresiduals.com)
Total Merchant Services is a Colorado-based merchant acquirer that offers the best free terminal programs in the industry together with innovative and cost-effective solutions to merchants who accept credit cards for the payment of their goods and services. With over 100,000 merchants processing over $7 billion annually, unprecedented growth with over 5,000 new merchants added each month and representing eight different brand names, Total Merchant Services is one of the fastest growing credit card merchant account acquirers in the nation. To learn more about partnering with Total Merchant Services, visit www.upfrontandresiduals.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. 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.
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 and profits, market share, and expected acquisition results and benefits. 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 suppliers, contract manufacturers and subcontractors; the ability to successfully integrate the technologies, operations and personnel of acquired businesses in a timely manner; the ability to obtain the expected strategic and financial benefits from acquisitions; 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. HYCP
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