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Hypercom receives Frost & Sullivan award

Johannesburg, 02 Feb 2001

Hypercom Corporation has been awarded Frost & Sullivan's 2000 Market Engineering Product Innovation Award for its leadership role in introducing the ePic ICE 6500, the first stand-alone, point-of-sale payment terminal with a large color touch graphics display screen and built-in web browser. The ePic ICE 6500 and other recently introduced ePic ICE devices for the first time enable , processors and service providers to offer new revenue-generating services and products at the point-of-sale. Frost & Sullivan is an internationally recognized market consulting and training firm that monitors the information technology industry for market measurements, trends and strategies.

"Hypercom has set the industry standard and raised the bar with its ePic ICE 6500 card payment web appliance and other newly announced ePic ICE smart card terminals," said Frost & Sullivan analyst Shalini Chowdhary. "These innovative touch-screen, customer-activated devices for the first time deliver an array of secure -based, value added services at the point-of-sale that other terminal manufacturers are now quickly trying to follow."

These services or applications include: browser-based electronic receipt capture (ERC), e-mail, e-commerce, on-screen point-of-sale advertising and couponing and other information-based support services in addition to traditional payment functions. "The ePic ICE 6500 is one of a family of advanced and secure smart card, Internet-enabled appliances that allow merchants to maintain and increase their competitive edge in the rapidly changing marketplace," Says Johan Liebenberg, e-commerce manager at Grintek Telecom which represents Hypercom in Southern Africa.

Frost & Sullivan, a global leader in international strategic market consulting and training, presents Market Engineering Awards to companies that demonstrate the diligence, perseverance and dedication required to develop a successful business plan and excel in the increasingly competitive global marketplace. Frost & Sullivan rigorously analyses specific criteria to determine Market Engineering Award recipients in a variety of regional and global market landscapes.

Hypercom is a leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers. Its products include secure card payment terminals and web appliances, equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications.

Hypercom is making inroads into the African market through Grintek Telecom, which is involved in a number of projects involving Hypercom technology.

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