Hypercom Corporation Partners with Universal Payment Processing for Payment Terminal Rollout

Universal Payment Processing, a vertically integrated electronic transaction processor, is deploying Hypercom's ePic ICE(tm) 5500 touch-screen based payment terminals as part of its Universal Total Check(tm) and Universal Connect(tm) product offerings. The initial rollout plan involves 3,500 terminals. According to Florian DeVitis, senior vice president of Sales at Universal Payment Processing, the user-friendly devices will enable the company to offer a range of value-added services, resulting in increased revenue and profit opportunities. Hypercom's ePic applications and ICE 5500 terminal platforms form a powerful payment system, incorporating high-speed communications and screen-based operations, and will allow merchants to access a range of Internet-based services via their in-store ICE terminals.

Key Takeaways:

• Universal Payment Processing, a subsidiary of Universal Savings Bank, F.A., is a vertically integrated electronic transaction processor serving over 45,000 business clients nationwide.
• The company is deploying Hypercom's ePic ICE(tm) 5500 touch-screen based payment terminals to enhance its Universal Total Check(tm) and Universal Connect(tm) products.
• The initial rollout involves 3,500 terminals.
• ePic applications and ICE 5500 terminal platforms will enable merchants to access a range of Internet-based services via their in-store ICE terminals.
• The partnership with Hypercom will allow Universal Payment Processing to differentiate itself in the industry with the first touch screen point-of-sale solution that incorporates ePic applications and solutions.
• Hypercom's ePic ICE 5500 card payment terminals are user-friendly devices that support the deployment of value-added services, resulting in increased revenue and profit opportunities for merchants.

Statistics:

• 3,500: The number of ePic ICE(tm) 5500 touch-screen based payment terminals initially planned for deployment.
• 45,000: The number of business clients served by Universal Payment Processing nationwide.
• 21st century: The term used to describe the current era, highlighting the importance of touch screens in point-of-sale transaction technology.

Sources:

• Business Wire, "Hypercom Corporation Partners with Universal Payment Processing for Payment Terminal Rollout"
• Universal Payment Processing, http://www.usb.com
• Hypercom Corporation, http://www.hypercom.com
• Hypercom's SEC reports, including the company's 10-K dated September 23, 1999.