News from the Wire

Pay By Touch Selects Hypercom's HBNet to Speed Payment Transactions

Tuesday, June 07, 2005 — 12:02:11 (EDT)

PHOENIX, June 7, 2005 - Hypercom Corporation (NYSE: HYC) today announced that HBNet, Inc., a Hypercom subsidiary, will provide high-speed transaction transport services for Pay By Touch, a leading consumer biometric payment company providing both biometric authentication and payment processing services in the US. The agreement with Pay By Touch is an important addition to HBNet's US customer base.%%N%%NThe use of HBNet will enhance Pay By Touch's ability to speed the checkout process for both the dial transactions handled by its iPAY payment processing services and the IP transactions processed through its Pay By Touch biometric payment service. With HBNet functioning as an aggregator, Pay By Touch can utilize one trusted entity with a single bill, one point of contact and advanced high-speed technology to process payments for merchants using both dial and IP.%%N%%NPay By Touch's iPAY service provides credit card, purchase card, debit, and electronic check payment processing services to more than 18,000 business customers, eliminating the need for third-party gateway providers. The company's Pay By Touch service allows shoppers to securely pay for purchases using a scan of their finger, linking them to their financial accounts and loyalty programs. The process is highly secure and convenient -- eliminating the need to present checks, IDs or signatures at the point of sale.%%N%%N"Our mission is to speed and simplify the checkout process for both merchants and consumers while also providing a highly secure transaction. HBNet will help us meet those goals without having to use multiple data communications providers for our dial and IP customers," said Nhan Nguyen, CIO of Pay By Touch. "The combination of comprehensive coverage, competitive pricing, and value-added services like Web-based reporting, made HBNet an easy choice for us."%%N%%N"Our agreement with Pay By Touch adds a high-profile customer to our portfolio, gives us a strong reference for the ongoing expansion of our HBNet business in the US and beyond, and is another clear indicator of market demand for an alternative supplier of dial and IP transaction services," said Sharon Cline, senior vice president and general manager, HBNet, Inc.%%N%%NHypercom's HBNet network speeds the authorization and processing of electronic transactions for retail point-of-sale, financial, government, healthcare and other customers in both the dial and IP POS markets. The service has a growing presence in the US and Canada, with plans to expand globally.%%N%%NHBNet is powered by robust, ultra high-density MegaNAC® 180 Network Access Controllers (NACs) strategically positioned within the North American Public Switching Telephone Network (PSTN) and at processor data centers. It supports all POS terminal protocols at any modem speed up to V.92 and provides uninterrupted service with no single point of failure, seamless load balancing, state-of-the-art Web-based reporting, and simple all-inclusive pricing.%%N%%NAbout Pay By Touch (www.paybytouch.com)%%NPay By Touch is a biometric payment service free to consumers that allows shoppers to quickly and securely pay for purchases or cash checks using a finger scan linked to their personal identification information, financial accounts, and loyalty programs. The privately-held company offers retailers a complete payment solution, from front-end biometric authentication, age verification, and check cashing to back-end payment processing for ACH, debit card, and credit card transactions. Pay By Touch has more than two-dozen U.S. issued patents covering token-less biometric transactions. For additional information, visit www.paybytouch.com.%%N%%NAbout Hypercom (www.hypercom.com)%%NWidely recognized as the global payment technology innovator, Hypercom delivers complete card payment terminal, network access device, server and transaction networking solutions that help merchants and financial institutions generate revenues and increase profits. Hypercom's card payment terminal, network and server solutions are leading the transformation of electronic payments in more than 100 countries. The company is headquartered in Phoenix, Arizona.%%N%%NSource: Company Press Release

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Source: Company press release.