Hypercom (NYSE: HYC) and TeleCash, a First Data Company and one of Germany's leading network operators and electronic payment service providers, today announced that they have started marketing Hypercom's medHybrid, the industry's first multifunction healthcare and credit/debit card payment terminal.
The high security medHybrid incorporates two card readers to process the German health insurance cards (KVK and eGK) as well as credit and debit card payments.
"The overwhelming majority of Germany's doctors want to be able to accept electronic payments in their offices, and the medHybrid allows them to do just that. By introducing this multifunction terminal and teaming with TeleCash, Hypercom again solidifies its leadership as the only transaction solutions provider with a complete and futureproof family of high security data transaction products for Germany's doctors, dentists, hospitals, pharmacies and other healthcare service providers," said Peter Vesco, Managing Director, Hypercom Northern Europe. "Joining with TeleCash will help us get medHybrid into the field, expand our reach and build our marketshare."
"By joining with Hypercom to market the medHybrid, we can offer doctors, hospitals and medical facilities a complete package for secure, flexible card processing that will benefit all," said Joachim Hammer, Director of Program Management, TeleCash. "It's important to have the most experienced and reliable partner at your side, and that's why we have teamed with Hypercom."
Hypercom's medHybrid has received e-Health BCS (Basic Command Set) approval from Gematik, the German healthcare organization. It is approved as compliant with the current EMV POS terminal specification from the Central Credit Committee (Zentraler Kreditausschuss - ZKA) in Germany, and approved by BSI (the German Federal Agency for Security in Information Technology).
The medHybrid sets a new benchmark for health card devices. Featuring a large, high contrast, backlit display and embossed keys, it provides an intuitive and highly secure authentication system for patients and healthcare service providers. The device accepts magnetic and chip-based cards, allowing service providers to expedite transactions and reduce capital investment costs. It also feafeatures a serial data interface along with USB and LAN connectivity. Also, according to announcements of the healthcare self administration, doctors and hospitals will be reimbursed for their investment in e-Health BCS terminals.