VeriFone to Acquire Hypercom to Accelerate Global Expansion

SAN JOSE, Calif. & PHOENIX – VeriFone Systems, Inc. (NYSE:PAY – News), a global leader in secure electronic payment solutions, and Hypercom Corporation (NYSE:HYC – News), the high security electronic payment and digital transactions solutions provider, today announced a definitive agreement under which VeriFone will acquire Hypercom in an all-stock transaction valued at approximately $485 million, including net debt assumed by VeriFone.

Under the terms of the transaction, which has been unanimously approved by the boards of directors of both companies, Hypercom shareholders will receive a fixed ratio of 0.23 shares of VeriFone common stock for each Hypercom share they own, valued at approximately $7.32 per share based on the closing price on November 16, 2010. VeriFone will also assume Hypercom’s outstanding warrants and stock options in the transaction.

“Consistent with our vision as a global leader in secure electronic payment solutions, we have placed strategic focus on replicating our North American success in key markets in continental Europe,” said VeriFone CEO Douglas G. Bergeron. “Hypercom has established itself in a number of important European markets, and this acquisition is an excellent and complementary way for us to accelerate our overseas growth, increase innovation and build value for our shareholders.”

“Over the last three years, Hypercom has strengthened customer relationships and increased revenue from almost $290 million to approximately $450 million,” said Philippe Tartavull, Chief Executive Officer and President of Hypercom. “Combined, Hypercom and VeriFone will create new growth opportunities and further drive penetration in the market. This transaction delivers a significant premium to our shareholders who should also benefit from the upside of being owners of an even stronger global company in the fast-growing electronic payment solutions space.”

The transaction is subject to approval by Hypercom shareholders and customary regulatory approvals, and is anticipated to close in the second half of 2011. The transaction is expected to be solidly accretive to current VeriFone shareholders during the first twelve months of combined operations, excluding one-time costs.

J.P. Morgan Securities LLC acted as VeriFone’s exclusive financial advisor and Sullivan & Cromwell LLP acted as VeriFone’s legal counsel. Hypercom’s exclusive financial advisor was UBS Securities and its legal advisor was DLA Piper US LLP.

Hypercom T4210 price

Our Hypercom T4210 terminal price for 5 or more units is $202, reduced from MSRP $389.  Hypercom’s Optimum T4210 is a dial solution with built in PCI PED approved pin debit.

Model Number: T4210-351R
OEM Part Number: 010332-351R

Single unit price $229

Discount price 5+ units $202

Pin debit encryption $25,  1-4 units

Pin encryption $20,  5+ units

Pin debit encryption must be completed at an approved facility. We recommend you contact your current processor for encryption instructions so that your unit can be shipped ready for pin debit. You’ll need to download the merchant application for your processor on receipt. Full programming and deployment services are available. No merchant account is required to get these prices.
The T4210 has high-end features normally found in only more expensive IP and wireless models, such as 24MB of total memory, an ARM9 processor for fast transactions and also multi-application. The T4210 is also PCI PED approved so that you can support debit with or without an external PIN pad. Accept chip card transactions with the optional EMV-approved reader. This makes the Optimum T4210 ideal for magnetic stripe and chip card transactions worldwide. With one of the most slim form factors of any countertop device, it is also perfect for handover environments.

The modular design of the T4210 is unique, protecting your investment while you grow. With its large capacity memory, the T4210 accepts value-added applications to meet your needs now and in the future. Truly maximizing value at the point of service!

– PCI PED Approved
EMV Level 1 & 2
– MasterCard PTSP Approved
– Interac Certified
– RoHS & China RoHS Compliant

– Retail and restaurant
– Small ticket sales
– e-commerce
– Dynamic check conversion
– Check verification
– Gift and loyalty
– Retail tip

Hypercom T7 Plus

The Hypercom T7Plus is designed for merchants requiring a compact countertop POS terminal which accepts all magnetic stripe cards and delivers fast, online transaction authorizations. Sale price $151.

CUSTOMER FEEDBACK: This is one of the most reliable POS terminals on the market in 2008.

The T7Plus delivers more – with peripheral acceptance of contactless RF cards and fobs. The compact terminal is also EMV4.0 certified. With its 35 or 19-key configuration, it initiates daily functions and transactions with one simple step.

The T7Plus utilizes the SureLoad printer which allows simple paper roll replacement – paper rolls can be dropped in place without time-consuming feeding through slots and rollers. The printer also supports longer paper rolls for fewer paper changes and its see-through paper holder alerts cashiers to low paper conditions.

The T7Plus is customizable. It’s the first of its kind to offer bi-lingual screen displays. Big 5 Chinese and English can be shown simultaneously, meeting the needs of Chinese-speaking merchants and cashiers.

* PED Certified
* EMV approved
* All major certifications – please see our website for the complete listing


* General Retail
* Multi-merchant
* Restaurants
* Pharmacies
* Grocery stores
* C-stores

Product Data
High Performance. Low Cost.

* Compact design Available in 35 and 19-key configurations
* “One-touch” feature  Allows common functions at the push of a button
* Multi-merchant feature Up to 20 unique merchant IDs in one terminal
* Value-added application support  Check, loyalty, EBT and prepaid applications
* Large paper roll  2″ and 3″, 80mm paper roll for more transactions
* Trusted & stable Low failure rates
* Modem Up to 56K
* Contactless payment  External readers support for cards and fobs
* Security  Boot lock feature protects against unauthorized reloading
* Visa PED  Optional, integrated PINpad model available

Convenience at the Point of Service
Simple, Easy to Use Features

* One-touch capability initiates all daily functions with one straightforward step, which makes for easy operation and reduced training times
* SureLoad thermal printer design alerts cashiers to low paper conditions and allows paper to be simply dropped into place, which eliminates paper jams
* Full-featured, secure terminal management system including local or web-based options
* Industry-leading software includes the functionality necessary to introduce value-added opportunities to the merchant in an integrated application.

Fast, Time-Saving Performance

* Fastest dial transactions in the business
* Download remotely in a fraction of the time to load other terminals with an optional 56K modem
* For deployment, use the terminal cloning feature with a fast-load cable to download terminals even faster. Use a multi-loader to download up to 12 terminals simultaneously!
* Graphics-capable thermal printer produces receipts in half the time of previous generation printers, which allows merchants to print logos and coupons directly at the POS.

Reliable Results

* For challenging installations that have limited phone lines to spare, the integrated RS-485 capability enables multiple units to utilize one phone line through the addition of a Hypercom dial concentrator
* Backwards compatible with existing T7 family software for an extensive software library, which reduces training time and certification requirements
* Connect devices such as check imagers, PIN pads and check readers using the additional peripheral port to provide more payment choices
* Low cost of ownership due to one of the lowest failure rates ever for a device of its kind. Combined with its secure design and certifications from all major processors, the T7Plus is a complete, cost effective solution for any implementation.

Optional Accessories
Paper Rolls

* The huge 80mm paper roll is available in 2″ and 3″ rolls.

Fast Load Cable

* The terminal cloning feature allows downloads to up to 12 terminals simultaneously

On sale as of December 30, 2008. Hypercom T7 Plus POS special.

Hypercom Acquires Thales SA’s e-Transactions Business Line

Hypercom Completes Acquisition of Thales SA’s e-Transactions Business Line

02 April 2008
Strengthens Position in Western Europe, Adds Talent to Global Team, Accelerates Ability to Build Market Share
PHOENIX, April 1, 2008 – Hypercom Corporation (NYSE: HYC) today announced the completion of its acquisition of Thales SA’s e-Transactions business, bringing an expanded team of industry experts to lead the now nearly one-half billion dollar revenue company. The e-Transactions business line is a leading provider of secure card payment solutions in some of Europe’s largest markets, including France, Germany, Spain and the United Kingdom. With the acquisition, Hypercom becomes the second largest provider of electronic payment solutions and services in Western Europe, and solidifies its position as the third largest provider globally.

“We believe this is a transformative acquisition that will make Hypercom significantly more competitive. The acquisition will strengthen our ability to deliver high-caliber, high-security products to the market that we believe will meet or exceed our customers’ needs and out-perform the competition. We expect the combination will increase our scale, offer synergies and create an accretive cash EPS transaction within 24 months,” said Philippe Tartavull, Chief Executive Officer and President, Hypercom Corporation.

The combined company has pro forma revenue of approximately $500 million. With the completion of the acquisition, Hypercom becomes one of the top providers of integrated and unattended payment systems in Europe, with a presence in the retail petroleum, hospitality, vending and other specialized vertical markets. It holds a leading position in Germany, and becomes stronger in France, Spain, and the United Kingdom. The Company also gains entry into Belgium and adds to its position in Sweden.

About Hypercom (

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 registered trademark 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:
(i) expected acquisition results and benefits;
(ii) the Company’s ability to rationalize product lines, retain customers, retain key employees, obtain the synergies it anticipates, and obtain the ongoing services it needs from Thales;
(iii) the Company’s expected future performance;
(iv) market acceptance and performance of new products and services;
(v) the Company’s market share and
(vi) product and services performance, sales, revenues and profits.
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, the ability to successfully integrate the technologies, operations and personnel of the acquired business in a timely manner; the ability to obtain the expected strategic and financial benefits from the acquisition; the ability to attract and retain qualified executives and directors; 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; the performance of suppliers 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 the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, as well as the Company’s subsequent reports on Forms 10-Q and 8-K, as may be amended from time to time. Forward-looking statements speak only as of the date made and are not guarantees of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements. HYCP.