Hypercom Corporation (NYSE:HYC) today announced that its next generation M5000 mobile payment terminal has achieved PCI PTS 2.1 certification.
The M5000 is the next generation multipurpose mobile payment system whose futureproof features will protect the investments of a broad spectrum of merchants worldwide, ranging from hotels and restaurants to taxis and delivery companies.
"The M5000 is a technological advance that safeguards our customers' investments in the fast-changing world of payment acceptance and opens the door for customers to generate value-added services, even without payment," said William Rossiter, Vice President, Global Marketing, Hypercom Corporation. "Our M5000 mobile payment system represents the second in a series of products that run on our next generation platform, include our industry-leading security, deliver the latest features and technology for the lowest total cost of ownership, and thus will enable merchants to deliver new services to their customers today, and well into the future."
Building on innovations incorporated in its sought-after L5000 multilane product family, Hypercom's new M5000 is a sleek in-hand mobile payment system with a vibrant 3.5" color icon-capable touch screen display that enables new ways to interact with the cardholder. The most up-to-date mobility, communications and connectivity options available and an integrated contactless reader let merchants accept any type of card payment anywhere, anytime. Initially supporting GPRS and Bluetooth connectivity, the first M5000 configurations are ideally suited to the needs of hotels, cafés and restaurants, as well as mobile merchants.
Hypercom's new M5000 mobile payment system is powered by a 266 MHz standard, 400 MHz optional processor, and includes up to 500MB of memory. The processor combined with a touch screen can drive payment or non-payment applications with a stunning user interface, such as icon-based integration with inventory management or menu ordering systems. Additionally, the M5000 includes a software development toolkit that will maximize development efficiency and applications portability across the entire Hypercom next generation portfolio.
The new M5000 delivers the same unprecedented levels of security as the company's revolutionary L5000 multilane payment system. It is designed to meet current and future PCI PTS, EMV, ZKA, APACS Common Criteria, JTEMS, Interac and other global and country-specific security requirements, and features the payment industry's widest array of high security data encryption technologies. Unlike competitor products, Hypercom's full X509 Public Key Infrastructure HyperSafe® security layer is also directly embedded in these terminals to protect them and their applications from hacking and malware attacks. All systems also incorporate Hypercom's HyperSafe Remote Key System for quick and secure payment terminal key injection at the merchant's location.
The M5000 pilots begin in the summer and fall of 2011.