Global Blue Selects Hypercom Payment Solutions for Merchant Customers Worldwide
28 June 2011 - 11:27PM
Business Wire
Hypercom Corporation (NYSE: HYC) and Global Blue, the experts in
international shopping, today announced that they are marketing
Global Blue’s OneInterface™ payment integration tool and Hypercom’s
payment systems to retailers around the world.
“Our objective is to simplify and accelerate the system
integration of payment devices with Point of Sale (POS) and cash
register systems, especially for our multi-national retail
customers. Hypercom has been key for us to bring our solution to
many corners of the globe, not just in the US but also in Hong Kong
and other parts of Asia. Our partnership with Hypercom demonstrates
our joint commitment to providing retailers with alternative forms
of payment system integrations. Even today, US retailers still have
too many problems with PCI, and by using Global Blue’s
OneInterface™ system integration tool in conjunction with a
Hypercom payment device, customers can easily simplify their PCI
compliance whilst enjoying the many benefits of semi-integration
into their POS,” said Michael Balzer, Senior Vice President, Global
Blue. “Several well-known high-end luxury retailers are already
on-board, and demand is strong.”
“Global Blue is the preeminent provider of services that drive
business to their merchant customers, and their selection of
Hypercom is a strong endorsement that recognizes our products’
competitive advantages and will reinforce our already significant
footprint,” said David Cronin, President and Managing Director,
North America, Hypercom Corporation. “We are delighted to join with
this global leader to help enhance the cardholder experience and
boost retailer bottom lines.”
Global Blue’s OneInterface™ systems integration tool streamlines
and simplifies the way in which retail point-of-sale business
systems connect to payment devices, such as those offered by
Hypercom. OneInterface™ relieves the point-of-sale business system
of payment-related responsibilities such as device and estate
management, processor and gateway communication, and most
importantly PCI scope. Devices such as the Hypercom Optimum T4220
receive smart commands from the OneInterface™ application and send
authorization and settlement messages directly to the processor or
bank. There is no need for any sensitive data to reside in or
transmit via the point-of-sale business system, keeping this
environment segregated from sensitive data. Global Blue and
Hypercom have worked together to optimize the integration of their
applications, providing retailers and systems integrators a strong,
viable alternative to traditional gateway installations for card
payments.
About Global Blue
Global Blue’s OneInterface™ is a software application that
seamlessly integrates Point of Sale, software and payment systems,
payment terminals, acquirers, processors, and value-added services
such as Tax Free Shopping and Currency Choice. The standardized
integration methods and API’s that OneInterface™ offers ensures
Point of Sale and Retailer customers enjoy access to a wide variety
of payment systems and options around the world.
Global Blue works with over 270,000 of the world’s favourite
retailers, shopping brands and hotels in over 40 countries and
serves in excess of 38,000 travellers each and every day. The
company’s ambition is to become the beacon for international
shopping and spending across the globe.
Global Blue operates OneInterface™ hubs in New York, London and
Singapore, with corporate headquarters in Nyon (Geneva)
Switzerland. More information about Global Blue is available at
www.global-blue.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 and Optimum & Design are registered 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.
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; 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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