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PHOENIX and BEVERLY HILLS, Calif., Nov. 30 /PRNewswire-FirstCall/ -- Global payment technology leader Hypercom Corporation's (NYSE: HYC) HBNet, Inc. subsidiary and loyalty program innovator CEO America, Inc. (OTC: PK.EXDI) have teamed to provide card issuer's and retailers with Creditz digital currency transactions and HBNet's high speed transaction delivery network. Effective immediately, Creditz digital currency card transaction processing will be completed at the point-of-interaction faster than ever before.
Creditz is the first and only international sub micro-payment system that exchanges cash from consumer to merchant, merchant to consumer, manufacturer to consumer, and consumer to consumer in stores, online and through cell phones, including payments under one cent. The innovative ubiquitous Creditz stored value digital currency card is now available to consumers, retailers and manufacturers throughout the US, Canada and United Kingdom. Demand is accelerating as brand name retailers realize the value added benefits they can now provide their consumers through the convenience and simplicity offered by the new revolutionary Creditz digital currency system.
"The Creditz stored value digital currency system, together with HBNet's incredibly fast transaction processing speed allows our resellers and their merchants to quickly generate the profit-generating benefits of our unique loyalty payment system at the point-of-sale," said Danny Gurizzan, Executive Vice President and Chief Strategy Technology Officer, CEO America Inc. "The HBNet high speed, high performance transaction delivery network with feature rich reporting drives the transaction processing faster than any other solution, and that spells faster service at the point-of-sale for consumers and added revenues for merchants."
"There is significant and escalating demand for transaction processing services and loyalty programs that meet the demands of today's fast-paced, no time for mail-in-rebates environment. Service providers and retailers nationwide can now meet that demand with Hypercom's high speed profit-building HBNet data transaction delivery network and CEO America's innovative digitalized currency system," said Sharon Cline, Senior Vice President and General Manager, HBNet. "This represents the latest in a series of business agreements that we have forged in the last few months alone, and the need and clear demand for Hypercom's HBNet high speed data communications service is escalating literally every day."
Creditz's Digital Currency Card converts loyalty points/miles and rebates into digital currency to purchase products. A customer purchases goods and services from a participating merchant and presents his or her Creditz account card. The merchant immediately loads applicable loyalty Creditz and manufacturer's rebates onto the card and, as the points and rebates accrue, the customer can then use the card to purchase additional products at any participating merchant. Demand for the innovative loyalty payment system is accelerating sharply as more and more brand name retailers sign up to offer their customers value, flexibility and convenience inherent in the Creditz account card.
Hypercom's high performance HBNet network for North America's dial and IP POS market speeds the authorization and processing of electronic transactions. The advanced HBNet transaction network is powered by Hypercom's ultra high-density MegaNAC®180 Network Access Controllers (NACs), which are strategically positioned within the North American Public Switching Telephone Network (PSTN) and at processor data centers.
HBNet provides unparalleled resiliency, fail-over and transaction overflow capabilities. It delivers continuous, uninterrupted service, seamless load balances, and is constructed to have no single point-of-failure. The network also incorporates a Web-based facility for processors to quickly access a rich array of statistical information. Data can be displayed in a variety of ways or mined in detail for trend analysis. Trending and exception analysis lets processors quickly detect unusual transaction activity and take appropriate, proactive action. Hypercom's HBNet network is designed to provide an unprecedented grade of service.
About CEO America, Inc. (www.creditz.com)
CEO America, Inc., NV and Beverly Hills, CA, is the exclusive master licensee for the United States of the Creditz System. The Creditz System is a new and revolutionary business model that is partnering with the payment industry. Creditz' digitalized money is capable of transparently circulating throughout the world markets, in both developed and emerging economies, as part of the evolving global payment system.
The Creditz system provides enhanced payment, business intelligence and marketing solutions to retailers, e-tailers, manufacturers, loyalty and gift card programs, and all the participants in the payment industry, including point-of-sale and payment terminal manufacturers, merchant services, independent sales organizations (ISOs), transaction processors, credit, debit and stored value card issuers.
About Hypercom (www.hypercom.com)
Celebrating 26 years of technology excellence, innovation and leadership, Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-transaction for consumers, merchants and acquirers, and yield increased profitability for its customers.
Widely recognized as the global payment technology innovator, Hypercom delivers complete card payment terminal, network access device, server and transaction networking solutions that help merchants and financial institutions generate revenues and increase profits.
Headquartered in Phoenix, Arizona, Hypercom's card payment terminal, network and server solutions are leading the transformation of electronic payments in more than 100 countries.
Hypercom and MegaNAC are registered trademarks of Hypercom Corporation. HBNet 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 market acceptance of new products and services, product performance and future 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.
For further information, please contact: Pete Schuddekopf of Hypercom Corporation, +1-602-504-5383, pschuddekopf@hypercom.com; or Michael Selsman, Investment Relations of Public Communications Co., +1-310-553-5732, ms@publiccommunications.biz, for CEO America, Inc.
SOURCE Hypercom Corporation
11/30/2004
CONTACT: Pete Schuddekopf of Hypercom Corporation, +1-602-504-5383,
pschuddekopf@hypercom.com; or Michael Selsman, Investment Relations of Public
Communications Co., +1-310-553-5732, ms@publiccommunications.biz, for CEO
America, Inc.
Web site: http://www.creditz.com
Web site: http://www.hypercom.com
