Mexican Banking Leader BBVA Bancomer Orders 10,000 Hypercom Optimum Payment Systems

June 14, 2011 09:28 AM Eastern Daylight Time 

SCOTTSDALE, Ariz. & MEXICO CITY--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) today announced that Mexico’s largest bank, BBVA Bancomer, has selected and will deploy more than 10,000 Optimum M4230 mobile payment systems to its merchant customers. Hypercom’s M4230 replaces an incumbent provider’s product and was selected in head-to-head competition with other global payment providers. Financial terms were not disclosed.

“BBVA Bancomer’s selection of Hypercom’s high security electronic payment systems reinforces our already significant footprint, is a major endorsement by the premier bank in Mexico and represents a very important win in the MCCA region this year”

“BBVA Bancomer’s selection of Hypercom’s high security electronic payment systems reinforces our already significant footprint, is a major endorsement by the premier bank in Mexico and represents a very important win in the MCCA region this year,” said Samia Bounaira, Vice President and Managing Director, Mexico, Caribbean and Central America (MCCA), Hypercom Corporation.

For additional information on Hypercom’s mobile payment systems, please click here.

About BBVA Bancomer

BBVA Bancomer, the largest financial institution in Mexico, is an affiliate of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA), a global financial group based in Spain that offers individual and corporate customers the most complete range of financial and non-financial products and services. BBVA employs 104,000 people in over 30 countries around the world, has more than 47 million customers and 900,000 shareholders. For more information on BBVA, please visit their website at http://www.bbva.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 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.

Contacts

Hypercom Corporation
Pete Schuddekopf, 480-642-5383
pschuddekopf@hypercom.com

Verifone to Acquire Hypercom for $485 Million vs. $280 Million

November 17, 2010 08:31 AM Eastern Time 

VeriFone to Acquire Hypercom to Accelerate Global Expansion

Extends VeriFone’s Global Presence into Key Markets in Continental Europe

Transaction Expected to be Solidly Accretive to VeriFone

SAN JOSE, Calif. & PHOENIX--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY), a global leader in secure electronic payment solutions, and Hypercom Corporation (NYSE: HYC), the high security electronic payment and digital transactions solutions provider, today announced a definitive agreement under which VeriFone will acquire Hypercom in an all-stock transaction valued at approximately $485 million, including net debt assumed by VeriFone.

“Over the last three years, Hypercom has strengthened customer relationships and increased revenue from almost $290 million to approximately $450 million”

Under the terms of the transaction, which has been unanimously approved by the boards of directors of both companies, Hypercom shareholders will receive a fixed ratio of 0.23 shares of VeriFone common stock for each Hypercom share they own, valued at approximately $7.32 per share based on the closing price on November 16, 2010. VeriFone will also assume Hypercom’s outstanding warrants and stock options in the transaction.

“Consistent with our vision as a global leader in secure electronic payment solutions, we have placed strategic focus on replicating our North American success in key markets in continental Europe,” said VeriFone CEO Douglas G. Bergeron. “Hypercom has established itself in a number of important European markets, and this acquisition is an excellent and complementary way for us to accelerate our overseas growth, increase innovation and build value for our shareholders.”

“Over the last three years, Hypercom has strengthened customer relationships and increased revenue from almost $290 million to approximately $450 million,” said Philippe Tartavull, Chief Executive Officer and President of Hypercom. “Combined, Hypercom and VeriFone will create new growth opportunities and further drive penetration in the market. This transaction delivers a significant premium to our shareholders who should also benefit from the upside of being owners of an even stronger global company in the fast-growing electronic payment solutions space.”

The transaction is subject to approval by Hypercom shareholders and customary regulatory approvals, and is anticipated to close in the second half of 2011. The transaction is expected to be solidly accretive to current VeriFone shareholders during the first twelve months of combined operations, excluding one-time costs.

J.P. Morgan Securities LLC acted as VeriFone’s exclusive financial advisor and Sullivan & Cromwell LLP acted as VeriFone’s legal counsel. Hypercom’s exclusive financial advisor was UBS Securities and its legal advisor was DLA Piper US LLP.

Conference Call Information

VeriFone plans to conduct a conference call to discuss the announcement with its shareholders today, Wednesday November 17, at 6:00 AM Pacific. To access the live conference call, the dial-in numbers are as follows:

Domestic callers: 800-591-6930

International callers: +1-617-614-4908

Passcode: 49580271

To access the audio webcast, please go to VeriFone’s website (http://ir.verifone.com) at least ten minutes prior to the call to register. The recorded audio webcast will be available on VeriFone’s website until November 24, 2010.

A replay of the conference call, which can be accessed by dialing toll-free 888-286-8010 and outside the U.S. by dialing +1-617-801-6888, will be available until November 24, 2010. The access code for the replay is 18434899.

About VeriFone Systems, Inc. (www.verifone.com)

VeriFone (“VeriFone”) (NYSE: PAY) is a global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

About Hypercom Corporation (www.hypercom.com)

Hypercom Corporation (NYSE: HYC) is a global payment technology provider that 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 a significant provider of electronic payment solutions and services in Western Europe and globally.

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Secure POS Vendor Alliance Announces New Leadership

Secure POS Vendor Alliance Announces New Leadership On the Heels of Its One-Year Anniversary

Founding members VeriFone, Ingenico and Hypercom rotate appointed managing committee positions within rapidly-growing global payment security organization

ATLANTA – April 22, 2010 – The Secure POS Vendor Alliance (SPVA), a non-profit business organization founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY) announced today that TK Cheung, vice president global quality & security, Hypercom, will assume the position of SPVA chairman of the board with Paul Rasori, senior vice president, global marketing, VeriFone, stepping in as vice chairman and CTO and Christophe Dolique, executive vice president, global marketing & transaction services, Ingenico, serving as secretary/treasurer. Bob Carr, CEO, Heartland Payment Systems, will continue to serve as associate member director, an elected position.

According to the SPVA’s bylaws, founding members share the three officer positions for six years and have certain veto rights, including areas such as amendment of bylaws and proposed spending and ratification of a proposed standard, guideline or best practices.

“I look forward to serving the SPVA as chairman during this critical period within the payments industry,” said TK Cheung, SPVA chairman. “With use of card-based payment options on the rise, it will be increasingly important to facilitate a common understanding and acceptance of security requirements and standards.”

Since the SPVA’s inception in April 2009, the organization has united industry experts and attracted almost 20 leading payment companies that seek to have a voice within the world of secure payments and help shape its future through vital Technical Working Groups through which SPVA members can contribute to acquire first-hand knowledge of current security threats. At least two white papers are scheduled to be released this year to help guide and define security solutions. The organization also recently announced its Lab Network, a group of labs that participate with SPVA members, prospective members and TWGs on security evaluations of the SPVA implementation guidelines.

Membership is open to all payment industry stakeholders. The SPVA encourages general membership among all vendors that develop secure POS payment systems, and associate membership among organizations who sell or utilize products or solutions that interact with secure POS payment devices: retailers, acquirers, software vendors, ECR vendors, banks and other standard setting associations.

To learn more about the SPVA and benefits of membership, visit www.spva.org.

###

About Secure POS Vendor Alliance (www.spva.org)

The Secure POS Vendor Alliance (SPVA) is a non-profit organization, founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY), that works with the multiple stakeholders of the payment value chain. Its aim is to develop an end-to-end security framework and to enhance security elements of payment solutions which protect cardholder information and defend merchants and acquirers against security breaches, to help reduce fraud and lower risk for all electronic payment stakeholders.

Editorial Contacts:

Carol McEntee/Lindsay Durfee

SPVA

404.816.2037

678.640.7822 Mobile

cmcentee@cookerly.com

lindsay@cookerly.com

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Secure POS Vendor Alliance Announces New Leadership

Secure POS Vendor Alliance Announces New Leadership On the Heels of Its One-Year Anniversary

Founding members VeriFone, Ingenico and Hypercom rotate appointed managing committee positions within rapidly-growing global payment security organization

ATLANTA – April 22, 2010 – The Secure POS Vendor Alliance (SPVA), a non-profit business organization founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY) announced today that TK Cheung, vice president global quality & security, Hypercom, will assume the position of SPVA chairman of the board with Paul Rasori, senior vice president, global marketing, VeriFone, stepping in as vice chairman and CTO and Christophe Dolique, executive vice president, global marketing & transaction services, Ingenico, serving as secretary/treasurer. Bob Carr, CEO, Heartland Payment Systems, will continue to serve as associate member director, an elected position.

According to the SPVA’s bylaws, founding members share the three officer positions for six years and have certain veto rights, including areas such as amendment of bylaws and proposed spending and ratification of a proposed standard, guideline or best practices.

“I look forward to serving the SPVA as chairman during this critical period within the payments industry,” said TK Cheung, SPVA chairman. “With use of card-based payment options on the rise, it will be increasingly important to facilitate a common understanding and acceptance of security requirements and standards.”

Since the SPVA’s inception in April 2009, the organization has united industry experts and attracted almost 20 leading payment companies that seek to have a voice within the world of secure payments and help shape its future through vital Technical Working Groups through which SPVA members can contribute to acquire first-hand knowledge of current security threats. At least two white papers are scheduled to be released this year to help guide and define security solutions. The organization also recently announced its Lab Network, a group of labs that participate with SPVA members, prospective members and TWGs on security evaluations of the SPVA implementation guidelines.

Membership is open to all payment industry stakeholders. The SPVA encourages general membership among all vendors that develop secure POS payment systems, and associate membership among organizations who sell or utilize products or solutions that interact with secure POS payment devices: retailers, acquirers, software vendors, ECR vendors, banks and other standard setting associations.

To learn more about the SPVA and benefits of membership, visit www.spva.org.

###

About Secure POS Vendor Alliance (www.spva.org)

The Secure POS Vendor Alliance (SPVA) is a non-profit organization, founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY), that works with the multiple stakeholders of the payment value chain. Its aim is to develop an end-to-end security framework and to enhance security elements of payment solutions which protect cardholder information and defend merchants and acquirers against security breaches, to help reduce fraud and lower risk for all electronic payment stakeholders.

Editorial Contacts:

Carol McEntee/Lindsay Durfee

SPVA

404.816.2037

678.640.7822 Mobile

cmcentee@cookerly.com

lindsay@cookerly.com

Related articles by Zemanta

• The Secure POS Vendor Alliance Broadens its International Reach with Five New Payment Company Members (pindebit.blogspot.com)


• Ingenico Unveils Strategy to Provide Secure End-to-End Solutions for Merchants in North America (pindebit.blogspot.com)


• Hypercom Introduces Secure Payment Solutions for iPhone (eon.businesswire.com)