Hypercom Corporation (NYSE: HYC) today announced that AXS Pte Ltd, the Singapore-based Electronic Service Delivery Network ("ESDN") operator, has selected Hypercom to provide a high security end-to-end technology upgrade for AXS' more than 560 automated self-service kiosks.
These AXS Stations will for the first time enable ATM card holders to quickly and securely pay for an array of services 24/7 at the hundreds of kiosks strategically located throughout Singapore.
The high-speed, high-security Hypercom integrated solution consists of Optimum T4220 Ethernet terminals embedded in each kiosk working in tandem with Hypercom's MegaNAC®180 network access controllers and EFT-Master electronic funds transfer server software at the back end to expedite direct debit transactions between the AXS data center, the cardholder's financial institution and the AXS Station.
"Our new direct debit-payment mode with Hypercom's IP-based technology lets ATM card holders pay for over 120 services ranging from telephone and utility bills to movie tickets, booking barbeque pits and much more, faster and more securely than ever before," said Mr. Joey Chang, Chief Executive Officer, AXS Pte Ltd. "This technology upgrade will help us speed cardholder payments and purchases by reducing the average processing time per transaction, and employ end-to-end security."
"Speed and security are key components of the technology backbone for innovative companies like AXS, and that is where we excel," said Jacques-Herve Mapuin, Managing Director, Hypercom Asia Pacific. "AXS' selection of Hypercom demonstrates that our products and services set the bar for value and performance in electronic payments and digital transactions."
Hypercom's EFT-Master with Hypercom's EFTSec module provides end-to-end cardholder data encryption throughout the transaction. EFT-Master is tightly coupled with Hypercom's PCI certified Optimum terminals and Network Access Controllers. EFT-Master meets industry security requirements and supports EMV, electronic data capture and electronic authorization of POS transactions with varied message formats and multiple currency conversions.