2003
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Oct
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I-Med Selects Hypercom Technology for Biometric ID Authentication And Healthcare Payments in Chile




Project Expected to Include More Than 12,000 Hypercom Terminals

Global payment technology leader Hypercom Corporation (NYSE: HYC) today announced that I-Med Red Medica, a large network in which lending, financial, suppliers and beneficiaries of the health system participate, is centralizing and enhancing its new ISAPRES biometric reading and payment activities in Chile using Hypercom(R) ICE(TM) information and transaction terminals, BioPIN(TM) finger-scanning pads and software. The all-Hypercom system will help thousands of physicians and other medical providers quickly and securely verify patient identity and eligibility for payments. This is the latest in a series of new contract wins for the global payment technology leader. I-Med’s selection of Hypercom was through Red Comercio Company, which has managed the project as a System Integrator. I-Med expects to deploy more than 12,000 Hypercom terminals with peripherals by 2006.

“We are centralizing and enhancing our services and we have selected Hypercom for this important effort because they are the payment technology leader and the clear global market leader. Their information and transaction devices are smart, fast, easy to use, and their BioPIN ID authentication is easy and highly accurate,” said Mr. Jorge Martinez, Red Comercio.

“Leading healthcare innovators like I-Med are demanding technologies that facilitate easier, faster and more secure patient authentication and save their health care providers and their patients time and money — and that is exactly what our information and transaction terminals and technology deliver,” said German Cardenas, president, Hypercom Latino America. “I-Med’s selection of Hypercom once again underscores and reinforces the versatility of our smart, fast and easy-use terminals and the value-added features and services that they deliver to businesses worldwide.”

Fast, Smart, Easy-Use Terminals = Increased Revenues, More Value for Business

Businesses worldwide recognize Hypercom as the world’s premier provider of fast, high performance card payment and transaction networking technology and products. Hypercom’s Internet-enabled ICE devices are high performance, touch screen-based card payment terminals that incorporate physical security features and Hypercom’s HyperSafe(TM) operating system.

In addition to the embedded HyperWare(R) payment applications, Hypercom’s ICE terminals support a range of value-added applications and services including electronic signature and receipt capture, on-screen advertising, customer-pole display, interactive electronic coupons — as well as secure credit, debit, EBT and EMV smart card functions. Additionally, Hypercom’s ICE terminals meet the latest security requirements for PIN-based transactions including 3DES. When coupled with Hypercom’s BioPIN finger-based identity authentication pad and patient card number, the solution provides an extremely reliable method of ID verification.

About I-Med (http://www.i-med.cl)

I-Med is a company that was born through fusion of Atesa and the Division Bono Electronico de Orden oriented to give a technology solution to improve quality and manage sale process of health benefit bond. I-Med’s target is to provide electronics transactions services to the health market.

About Hypercom (http://www.hypercom.com)

Celebrating 25 years of technology excellence, innovation and industry leadership, Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers. Hypercom’s products include secure web-enabled information and transaction terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications.

Hypercom’s widely-accepted Internet-enabled, consumer-activated and EMV-approved touch-screen ICE (Interactive Consumer Environment) information and transaction terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.

Headquartered in Phoenix, Arizona, Hypercom has shipped more than six million terminals in over 100 countries, which conduct over 10 billion transactions annually.

Hypercom and HyperSmart are registered trademarks of Hypercom Corporation. ICE, BioPIN and HyperWare are 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. Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Hypercom management believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in Hypercom’s SEC reports, including the company’s most recent 10K and subsequent 10Qs.

For further information, please contact Pete Schuddekopf of Hypercom Corporation, +1-602-504-5383, pschuddekopf@hypercom.com.
SOURCE Hypercom Corporation


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