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POSDATA expands product line
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June 8, 2006 POSDATA, Inc. announced today that it has teamed with Hypercom to become a stocking distributor for Hypercom's Optimum L4100 high-speed signature capture card payment terminals for multi-lane retailers. POSDATA selected the L4100 based on its advanced functionality, including the ability to support contactless payment card systems that speed cardholder transactions. The L4100 expands POSDATA's portfolio of electronic payment products to provide the industry's most advanced solution for multi-lane retailers that want the ability to support traditional credit/debit and value-added applications on a single device. The company expects to add other Hypercom multi-lane terminals soon. “Hypercom's Optimum series broadens our market and provides our customers with a reliable, high-speed terminal that accelerates the checkout process,” says Bill McCubbins, POSDATA's president and CEO. “Combined with our full deployment, key injection and overnight replacement programs, the Hypercom Optimum L4100 is an important addition to our product line.” Walter Allen, senior vice president and general manager, multi-lane division, Hypercom North America says, “This agreement further substantiates the value that Hypercom's Optimum products bring to the market. The L4100 gives retailers and banking institutions exceptional reliability and features. The unit's software lets customers integrate our products into their cash register and host systems in very short order, without writing a single line of code. Demand for this already-popular product is escalating. POSDATA will be of great help in enabling us to meet that demand.” Specific features of the L4100 include:
The Optimum L4100 also features a customizable bezel enabling retailers to incorporate their own branding, integrated signature capture, an optional compact flash card slot and an optional EMV Level 1 approved smart card reader. The terminal is Visa® PED compliant and can handle credit and debit, as well as gift, loyalty and EBT (food stamp) cards, electronic check conversion and other value-added functions that help streamline operations for financial institutions and build incremental profits for retailers. Hypercom's Optimum 32-bit series also includes the PCI PED-certified L4200 and 4250 for multi-lane retailers; the T4100 countertop unit for single-lane retailers; and the Optimum M4100 Blade, the industry's first high security palm-sized 32-bit wireless credit/debit terminal with signature capture touch screen for mobile merchants globally who want the convenience of true anytime, anywhere secure portable payments and authentication. About HypercomGlobal 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, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. About POSDATAPOSDATA is a value-added integrator of a wide range of payment terminal, bar code, data collection, and point of sale equipment from leading manufacturers. POSDATA offers customers complete solutions, including systems consulting, application design, installation and testing, training and maintenance services. POSDATA also provides multi-vendor services on a wide-range of equipment. Service offerings include depot repair/refurbishment, advanced logistics, emergency exchanges, asset management, warranty management, staging and deployment, rollouts and key injection. NOTES: Hypercom and Optimum and 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 performance, product 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, 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 our filings with the Securities and Exchange Commission , including the Company's most recent 10-K and subsequent 10-Qs. 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. |