Hypercom Corporation (NYSE: HYC) today introduced the PCI PED-approved, 32-bit Optimum T4205 card payment terminal and announced a North American consortium of distributors to market the sleek entry-level dial device to smaller independent merchants.
In addition, several major ISO acquirers have indicated their intent to Class A certify the T4205 during the first quarter of 2009.
The consortium, consisting of The Phoenix Group, TASQ Technology and POS Portal, will have exclusive indirect distributorship rights to sell the terminal through 2009.
Chase Paymentech, Elavon, National Processing Company (NPC) and TSYS Acquiring Solutions have indicated their intent to Class A certify the device during the first quarter of 2009. First Data has agreed to support the T4205 on First Data's Omaha platform during the first quarter of 2009.
The T4205 shares the same platform and compact form factor inherent in Hypercom's T4200 products. It features a clear and intuitive keypad, large memory and high speed processor for fast transactions, all secured by HyperSafe®32, Hypercom's exclusive RSA-based security infrastructure. The terminal supports three languages (English, Spanish and French) and can quickly and efficiently process debit, credit, smart card and value-added transactions such as gift/loyalty.
"This product speeds certification time and time to market. Customers who have certified our T4210 or T4220 terminals are ready to go with the T4205. They do not have to re-certify their existing software. The quality assurance, service and support training has already been done," said Bernie Frey, Vice President of North American Sales, Hypercom Corporation. "The T4205 is a win-win for customers who have free terminal programs or are doing field upgrades, and for smaller merchants who want to benefit from electronic payments."
"The T4205 is a high quality product when compared to other entry level offerings in the market," said Scott Rutledge, founder and President of The Phoenix Group. "This product is without question one of the best value PCI PED certified PIN devices in North America. It sets an industry benchmark for entry-level payment terminals and we anticipate a very str strong demand."
"The ease of processor certification, popularity of the Optimum platform, and the enthusiastic reception of the major ISO processors bodes well for the success of the T4205," said Buzz Stryker, President and CEO of POS Portal. "POS Portal is excited to offer this product to our valued customers