HYC Hypercom Corp

ETA Annual Meeting & Exposition -- Hypercom Corporation (NYSE: HYC) today announced that global payment communications delivery provider Phoenix Managed Networks will be piloting Hypercom’s next generation IntelliNAC network access controller. IntelliNAC delivers unprecedented performance, speed, security, reporting capabilities and data capacity to financial institutions, retailers, Independent Sales Organizations (ISOs) and other high-traffic, transaction-oriented entities that need to move millions of transactions quickly, securely and accurately. Phoenix Managed Networks expects to complete its three-month evaluation this summer.

“We are looking forward to beginning the pilot of this next generation network platform, which we believe will enhance the features, functionality and efficiency of the payment networking services we offer our customers today,” said Matthew Mudd, President and Chief Operating Officer of Phoenix Managed Networks. “Hypercom technology has historically been the foundation of our access networks, and we find the flexibility and reliability of their platform -- and the engineers who support them -- second to none.”

“Our next generation IntelliNAC packs the power and security to scale with our customers’ escalating demands for securely transmitting significant volumes of vital financial and business data over global payment networks,” said T.K. Cheung, Vice President of Global Quality and Security, Hypercom Corporation. “Our world-class networking products are the most technologically advanced in the global market.”

Fault tolerant, multifunction IntelliNAC units can be interconnected to form high-performance intelligent networks that can support a wide variety of access modes and protocols, including all varieties of asynchronous and synchronous dial, ISDN V.110, direct digital data connections and TCP/IP in the most demanding environments. IntelliNAC supports all modem modes up to V.92, including Hypercom FastPOS, the 9600bps fast train modem technology for high-speed transaction processing, software downloads and batch uploads.

In addition to the network access interfaces, the IntelliNAC system uses Secure Socket Layer to encrypt and transmit transactions virtually instantaneously. The high-density, multifunction network access controller supports an array of host connection options such as X.25, SNA or TCP/IP, plus Wide Area Network interfaces supporting use of IP VPN.

About Phoenix Managed Networks

Phoenix Managed Networks, the next generation payment network, is a global provider of payment communications delivery and support services, bringing state-of-the-art, reliable and cost-effective transaction communications services to the payments industry. For information, please visit www.phoenixmanagednetworks.com.

About Hypercom

Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions 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, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.

Hypercom is a registered trademark of Hypercom Corporation. IntelliNAC is a 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 market acceptance of new products, product capability and performance, product competitiveness, product sales, revenues and profits and market share. 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; the success of the launch of our next generation networking products and the related customer acceptance of said products; 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; risks associated with international operations and foreign currency fluctuations, the state of the U.S. and global economies in general, risks associated with the Company being merged with and into VeriFone Systems, Inc. as contemplated by a definitive merger agreement between the companies, and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K, as amended, 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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