SunTrust Selects Moneta for Secure Online Payment Option for Clients' Internet Purchases

ATLANTA - November 3, 2009 - SunTrust Banks, Inc. (NYSE: STI) and Moneta Corporation today announced that SunTrust has selected Moneta's online payment service to offer clients an additional payment option when they shop with select online retailers. The service is currently being provided free to select SunTrust clients as an initial pilot program.



With this service, users are able to pay leading Internet merchants online securely from their bank account, offering more online anonymity and privacy protection. In addition, most participating retailers offer unique incentives and discounts for shoppers paying via Moneta.



"In today's economy, consumers are looking more closely at how they pay for purchases," said Hugh Gallagher, SunTrust's Senior Vice President for deposit product management. "More consumers are going to online shopping sites for everyday needs as well as special occasion purchases. Moneta's payment service provides a secure and convenient payment method, enabling users to pay directly from a bank account for Internet purchases, while protecting their financial information. The Moneta payment service dovetails nicely with our commitment to help SunTrust clients 'live solid' by practicing responsible financial management."



"Bank customers continue to be concerned about online privacy and many are increasingly seeking secure and convenient ways to make online purchases without exposing their card information. Consumer demand for non-credit online payment options such as Moneta's have increased during this challenging economic cycle," said Guido Sacchi, Moneta's Chief Executive Officer.



About SunTrust Banks, Inc.



SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2009, SunTrust had total assets of $172.7 billion and total deposits of $119.3 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and capital markets services. SunTrust's Internet address is www.suntrust.com



About Moneta Corporation



Moneta Corporation is a leading payments company offering secure, convenient methods for consumers to pay online merchants directly from their checking or money market accounts. Moneta partners with online merchants and banks to accept and process payments, while providing additional branding opportunities and revenue streams. Moneta's rapidly growing partner network enables online retailers and travel providers to attract valuable customers with a preference for paying directly from their well-established bank accounts. Moneta is a privately-held company headquartered in Atlanta, Ga. For more information visit www.monetacorp.com.



Media Contacts:

SunTrust Banks, Inc. - Hugh Suhr at 404-827-6813 or hugh.suhr@suntrust.com

Moneta Corporation - Carol Kennemore Kleywegt at 678-398-4097 or media@monetacorp.com

Hypercom Announces Q3 Results

Scottsdale, Ariz., Nov. 3, 2009 -- Hypercom Corporation (NYSE: HYC), the high security electronic payment and digital transactions solutions provider, today announced financial results for the third quarter ended September 30, 2009.



Revenue for the three months ended September 30, 2009 was $102.4 million, down 4.1% over second quarter revenue of $106.8 million. Revenue was down sequentially due to certain industry-wide component shortages that impacted the Company's ability to fully meet third quarter demand and the exit of a marginally profitable services contract in Brazil worth approximately $4.0 to $5.0 million per quarter. Revenue declined 15.4% compared to third quarter 2008 revenue of $121.1 million. The year-over-year revenue decrease is primarily related to previously mentioned component shortages, the exit of the Brazil service contract, as well as the negative impact of foreign currency rates and changed economic conditions.



GAAP gross profit for the three months ended September 30, 2009 was $33.8 million or 33.0% of revenue, versus $34.1 million or 31.9% of revenue in the prior quarter and $38.9 million or 32.1% of revenue in the third quarter of 2008. Third quarter gross margin improved sequentially due to strong service margin improvement resulting from the exit of the Brazilian service contract and from a one-time extended warranty sale. GAAP gross margin for the three months ended September 30, 2009 included 35.5% product gross margin and 28.5% service gross margin, compared to margins of 36.9% and 20.1% in the second quarter and 35.1% and 27.6% in the prior year period.



Non-GAAP gross profit for the three months ended September 30, 2009 was $34.5 million or 33.7% of revenue, compared to $35.7 million or 33.5% in the prior quarter and $39.9 million or 33.0% of revenue in the third quarter 2008. The non-GAAP gross profit excludes one-time restructuring costs, amortization of purchased intangibles, and non-cash stock-based compensation. Non-GAAP gross margin for the three months ended September 30, 2009 included 35.6% product gross margin and 28.3% service gross margin, versus 37.1% and 22.9% in the second quarter 2009 and 35.1% and 27.6% in the prior year period.



GAAP operating expenses for the three months ended September 30, 2009 were $30.7 million or 30.0% of revenue, compared to $31.0 million or 29.0% in the prior quarter and $35.5 million or 29.3% of revenue for the same period in 2008. The year over year decrease in operating expenses is related to continued synergies from last year's acquisition of Thales e-Transactions along with other recent restructuring activities.



Non-GAAP operating expenses for the three months ended September 30, 2009 were $28.2 million or 27.6% of revenue, compared to $28.1 million or 26.3% of revenue in the prior quarter and $32.8 million or 27.1% of revenue for the same period in 2008.



GAAP operating income for the three months ended September 30, 2009 and in the prior quarter was $3.1 million and $3.4 million in the third quarter of 2008. Non-GAAP operating income for the three months ended September 30, 2009 was $6.3 million, versus $7.7 million in the prior quarter and $7.2 million in the third quarter of 2008.



GAAP net income for the three months ended September 30, 2009 was $1.2 million or $0.02 per fully diluted share, versus $1.3 million or $0.02 per share in the second quarter of 2009 and $0.6 million or $0.01 per share in the third quarter of 2008. Non-GAAP net income for the three months ended September 30, 2009 was $4.4 million or $0.08 per fully diluted share, compared to $5.6 million or $0.11 per share in the prior quarter and $4.4 million or $0.08 per share for the same period in 2008.



Adjusted EBITDAS (Earnings before interest, taxes, depreciation, amortization, stock-based compensation and restructuring charges) for the three months ended September 30, 2009 was $8.8 million, compared to $10.0 million in the prior quarter and adjusted EBITDAS of $9.4 million in the prior year period. Cash flow from operations for the third quarter was $10.3 million and, as a result, cash increased from $40.5 million at June 30, 2009 to $51.2 million at September 30, 2009.



"I am pleased with the Company's operating performance this quarter," said Philippe Tartavull, Chief Executive Officer and President. "We continued to improve gross and operating margins and we further strengthened our balance sheet with strong operating cash-flow. However, I am disappointed that the increasing demand for our products did not translate into higher revenue due to the inability of some of our component and EMS suppliers to meet our forecast. We currently expect revenue to increase in the fourth quarter as we reduce or eliminate supply chain issues. With a stronger demand, a solid set of products and integrated payment solutions, combined with a stronger balance sheet, we are proceeding through the fourth quarter and into 2010 with confidence."



Third Quarter Earnings Call



Hypercom Corporation has scheduled its conference call to discuss third quarter 2009 results for Tuesday, November 3 at 4:30pm ET. The call will be simultaneously webcast.



The dial in number is 800.884.5695 for North American callers and 617.786.2960 for international callers.



For access to the call, participants will be required to identify the participant passcode: 70174971.



To access the audio webcast, please go to Hypercom's website, http://ir.hypercom.com at least two minutes prior to the call to register.



A replay of the conference call can be accessed approximately one hour after the conclusion of the live call and will be available until December 3, 2009. The replay number for North America is 888.286.8010. The number for international callers is 617.801.6888. The passcode is 75284018. A replay of the call can also be accessed in the "audio archive" section of http://ir.hypercom.com, where it will remain until the next results release.