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Equitable Bank Philippines to Deploy Hypercom ICE 5000 Card Payment Systems


Country's Largest Merchant Acquirer Selects Hypercom Smart Card Solutions to Add Value at the Point of Sale.

Equitable Bank's Philippines operations will deploy 1,400 Hypercom Corporation (NYSE:HYC) ICE(TM)5000 touch-screen card payment terminals at merchant sites throughout the Philippines before year's end. The deployment will enable Equitable Bank Philippines to significantly increase the number of transactions it processes.

"The deployment of Hypercom's ICE 5000 terminals demonstrates our absolute commitment to provide Philippine merchants with the most technically-advanced, easy-to-use and value-packed card payment systems available," said Mr. Tony Conway, office of the president, Equitable Bank Philippines. "That represents a win-win for Equitable, our merchants and their customers."

Hypercom's ICE 5000 is a powerful, multi-function touch-screen terminal incorporating a high-speed thermal printer, paper cutter, and Hypercom FastPOS(TM) 9600 bits per second (bps) modem technology that completes transactions in under six seconds. Hypercom's ICE 5000 provides a highly interactive and intuitive user interface that allows the support of complex transactions with minimum user training. When used in concert with Hypercom(R) Ascendent(TM) software, the ICE 5000 also supports electronic receipt capture, storage and retrieval, and on-line advertising.

"Sophisticated financial institutions and merchants worldwide today more than ever recognize the need to add value and flexibility at the point-of-sale, and Hypercom's ICE 5000 allows them to do just that," said Mr. Jeremy Su, president, Hypercom Asia-Pacific. "We are pleased to help Equitable Bank provide its merchants with state-of-the-art electronic payment solutions."

Equitable Card Network (ECN) is the leading card issuer, merchant acquirer, and third party processor in the Philippines. With over 500, 000 VISA(R) and MasterCard(R) cards issued, ECN holds over 50% of the entire branded cardholder base nationwide. As the largest merchant acquirer, it continues to provide world class service and support to over 22,000 merchants all over the country. And as the largest third party service processor, it provides a complete processing solution for 22 other card issuing banks, numerous co-branded card partners and a variety of private label products.

Hypercom Corporation (NYSE:HYC) is the single-source global provider of end-to-end electronic payment solutions, including card payment systems, peripherals, network products, software and e-commerce payment solutions that add value at the point-of-sale for consumers, merchants and acquirers.

Headquartered in Phoenix, Arizona, Hypercom markets its products in more than 70 countries through a global network of affiliates and offices in Argentina, Australia, Brazil, Chile, China, Germany, Hong Kong, Hungary, Japan, Mexico, Russia, Singapore, Sweden, the United Kingdom and Venezuela. Hypercom's Internet address is www.hypercom.com.

Note to Editors: Hypercom is a registered trademark of Hypercom Corporation. ICE, Ascendent and FastPOS are 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.

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although management of Hypercom believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in Hypercom's SEC reports, including the company's 10-K dated September 23, 1999.

Copyright (C) 1999 Business Wire. All rights reserved.

Distributed via COMTEX.


CONTACT: Hypercom Asia Pacific
Alex Ngai, 852.2561.6800
[email protected]
Hypercom Corporation
Pete Schuddekopf, 602/504-5383
[email protected]
Equitable Bank
Tony Conway, 632/893-4779
[email protected]
WEB PAGE: http://www.businesswire.com

Newsbit furnished by:

A: NetShift Software Ltd.
A: Hughenden Yard, Marlborough, Wilts,SN8 1LT, UK
T: +44 (0)1672 511 094
F: +44 (0)1672 511 078
E: [email protected]
W: www.netshift.com

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