Hypercom and IDLogix Introduce Touch Screen Age Verification Capability at the Point-of-Sale
Tuesday July 17 by Press Release Submission
Phoenix - Hypercom Corporation (NYSE:HYC), the world's leading provider of electronic payment systems, and IDLogix, a leader in identification authentication software, today introduced an age verification application for use on Hypercom's touch-screen based ICE card payment terminals. The application provides secure age verification based on drivers' license magnetic stripes and barcodes. IDLogix will immediately rollout the application on Hypercom ICE terminals and make it available to banks, processors and merchants nationwide. The application was developed by IDLogix. It can support electronic check conversion with digital imaging, EBT and credit card processing using Hypercom's Visual HDT (VHDT) C++-based developer's software platform.
"Demand for accurate, simple and fast age verification at the point-of-sale has probably never been greater. Law enforcement agencies and communities nationwide are clamping down on those who knowingly, or unknowingly, sell adult products to minors. Over-worked parents, civic organizations and merchants are demanding greater accountability. Responsible merchants want help," said Kathy Crumley, vice president VAR relations, Hypercom Corporation. "Hypercom's ICE terminals with IDLogix software squarely address this growing concern, and finally take the time and guesswork out of age verification. Now, merchants can verify someone's age by simply swiping the consumer's magnetic-stripe driver's license, scanning the 2-D bar code, or keying in the birth date on the license onto Hypercom's ICE card payment terminals equipped with IDLogix software -- and also conduct traditional credit/debit transactions."
"With Hypercom, we are joining with the global leader of electronic payment technologies and products to jointly bring a much-needed application to the retail countertop. We take great pride in being the first identification authorization software provider to offer its application on the Hypercom ICE platform. This will be of enormous benefit to merchants seeking a solution to assist them in complying with the law," said Tony Sdao, president and CEO, The Logix Companies.
Hypercom's epic (ePOS-infocommerce(TM)) ICE devices are high performance, touch screen-based, Internet-enabled card payment terminals and web appliances that incorporate a firewall-protected multi-application operating system, EMV chip card capability, secure PIN pad, built-in HTML/HTTP web browser, and integrated receipt printer.
In addition to the embedded applications, Hypercom's ICE terminals support a range of value-added applications and services including: electronic signature and receipt capture, e-mail, on-screen advertising, interactive electronic coupons, and cash management reporting through a standard browser -- as well as secure credit, debit, and smart card functions. Additionally, Hypercom's VHDT gives software developers the ability to quickly develop or customize applications to best meet the needs of their unique merchant environments.
About The Logix Companies
The Logix Companies is an information processor, specializing in integrating identity authentication technology, customer and prospect data processing, and merchant financial processing services to the public and private sector. They supply Risk Management services, through their IDLogix system, a system in which provides ID authentication for retail and non-retail customers by reading electronic encoded data from a valid, government-issued identification document -- typically a driver's license or state-issued ID card. They also provide Customer Relationship Management (CRM) and Prospect Relationship Management (PRM) services through their TouchLogix system, an Internet-based data management service which monitors and stores customer demographics for the benefit of retailers. Other services include electronic check conversion (CheckLogix), credit/debit card processing service (PaymentLogix), and ATM processing services and support with Web-enabled cash management (EFTLogix). The Logix Companies internet address is www.logixco.com.
About Hypercom (www.hypercom.com)
Hypercom Corporation (NYSE:HYC) is the leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers. Hypercom's products include secure web-enabled transaction terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications.
The company's widely-accepted ePOS-infocommerce(TM) (epic) framework of consumer-activated, EMV-certified, touch-screen ICE (Interactive Consumer Environment) terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.
Headquartered in Phoenix, Arizona, Hypercom is independently acknowledged as the leading provider of point-of-sale card payment terminals worldwide. Demand for Hypercom's terminals surpassed one million units last year alone. Hypercom today maintains an installed base of more than 4 million terminals in over 100 countries which conduct over 10 billion transactions annually.
Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although management of Hypercom believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in Hypercom's SEC reports, including the company's most recent 10K and subsequent 10Qs.
Note to Editors: Hypercom is a registered trademark of Hypercom Corporation. ICE and epic are trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.
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