Hypercom Corporation (NYSE:HYC) today announced that its 32-bit Optimum T4100 payment terminal for single-lane retailers has received Class A certification from NOVA Information Systems (NOVA), the third largest processor in the U.S. and a wholly owned subsidiary of U.S. Bancorp (NYSE: USB).
The certification opens an important sales channel for the IP-enabled T4100 through NOVA's large customer base of over 900,000 merchants.
"We selected Hypercom's T4100 because of its advanced features, including the IP-based communications module that increases the speed of merchant transactions," said David Strider, executive vice president, North America Business Development at NOVA. "The T4100's ability to upload check images via IP eliminates the need to also connect a dial line to an IP terminal. This is the first payment device to support this advanced functionality and it greatly enhances the value proposition for our electronic check service."
Following an in-depth evaluation, NOVA determined that the T4100 had a broad feature set necessary for their merchants. Hypercom's terminal is certified to support NOVA's robust payment solution featuring credit, debit, electronic check and gift card transactions. Additionally the terminal uploads check images via IP, and also includes an exclusive IP diagnostics tool to assist merchants and customer service when troubleshooting communication issues.
"NOVA's Class A certification of the T4100 further validates this best-of-breed product's advanced engineering, features and functions, expands our long-standing relationship with NOVA, and gives merchants the ability to accept transactions with plug and play simplicity," said Lisa Shipley, senior vice president and managing director of Hypercom North America. "We are delighted to help one of the world's largest payment processors better serve their customers' needs."
The Optimum T4100 terminal features a powerful 32-bit, Intel® XScale processor and 24 megabytes of memory to deliver intelligently integrated multi-application performance and the industry's fastest transaction speeds for both IP/SSL and dial applications. The unit can perform 250 MIPS (millions of instructions per second) compared to 1.6 MIPS for similar devices and has at least double the memory, enabling support for more value-added applications than any other terminal on the market.