Pacific Network Access Selects Hypercom's HBNet For Innovative Customer Loyalty Program
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PHOENIX--(Business Wire)-- Hypercom Corporation (NYSE: HYC) today announced that its HBNet, Inc. subsidiary will provide high speed transaction transport services for Pacific Network Access, Inc. (PNA), a company that is building an innovative host based customer loyalty program for retail stores. The PNA program will, in partnership with Infinity Network's on-line loyalty program, enable participating customers to accumulate Infinity reward dollars (iN Cash) every time they make a purchase at participating retail stores nationwide. The iN Cash can then be used towards the purchase of an array of merchandise on Infinity's website, as well as towards partial payment of purchases at retail merchants in PNA's network. "We launch our loyalty program later this year, and we expect to process numerous transactions from all over the country. To do that we require a robust service with built-in reliability and superior speed," says Linda Bryant, CEO of Pacific Network Access, Inc. "HBNet gives us the peace of mind that all of our transactions will be processed quickly, smoothly and securely." HBNet transaction data is protected with security technology that exceeds industry standards, preventing unauthorized observation both inside and outside the HBNet network. This is especially critical to PNA's second product roll out, an offering to its customers of an Automated Clearing House (ACH) debit transaction processing program. This new product will enable consumers to pay for retail purchases with a magnetic striped card, in addition to redeeming and earning loyalty dollars at each point of sale purchase. "The expansive distribution and redemption of iN Cash at brick and mortar retail merchants through the PNA network in tandem with HBNet's superior redundancy and security, is a perfect fit to expand Infinity Network's online loyalty program. We're quite enthusiastic about the opportunities that these partnerships are affording us," says Eli Feder, CEO of Infinity Network, LLC. "Not only does HBNet offer customers a superior combination of security, reliability, service and know-how, but we are able to leverage our 'big company' capabilities at a price and performance for smaller companies," says Connie Festa, HBNet Vice President, Global Network Services, Hypercom Corporation. "Reliable and secure transactions are critical to all companies and HBNet has raised the bar for transaction processing." Hypercom's HBNet network speeds the authorization and processing of electronic transactions for retail point-of-sale, financial, government, health care and other customers in both the dial and IP POS markets. HBNet is powered by robust, ultra high-density MegaNAC(R)180 Network Access Controllers (NACs) strategically positioned within the North American Public Switching Telephone Network (PSTN) and at processor data centers. It supports all POS terminal protocols at any modem speed up to V.92 and provides uninterrupted service with no single point of failure, seamless load balancing, state-of-the-art Web-based reporting, and simple all-inclusive pricing. About Pacific Network Access (PNA) PNA, a privately held California Corporation in exclusive partnership with Infinity Network, LLC, will offer an innovative brick and mortar loyalty solution in which consumers may use previously earned Infinity reward dollars (iN Cash) at the point of purchase to partially pay for their purchase. PNA's iN's state-of-the-art loyalty program will primarily cater to 'mom and pop' retailers and tier 3 and 4 supermarket merchants. In addition, PNA will offer an Automated Clearing House (ACH) 'off-line' point of purchase debit transaction processing program that will provide merchants with cost savings and give customers increased convenience and security. About Infinity Network, LLC (http://www.infinitynetworkrewards.com) Infinity Network is a coalition based marketing firm, whose goal is to increase value for consumers, companies and merchants alike. Infinity Network strives to offer its members multiple and expanding opportunities to redeem their iN Cash(TM) reward. Reward redemption is quick, hassle free, and always a fantastic value. Merchants and companies can use iN Cash(TM) to reward customers and employees for their patronage and loyalty. For more information or to join the network, please contact cs@infinitynetworkrewards.com. About Hypercom (www.hypercom.com) Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. With its acquisition of Thales e-Transactions business earlier this month, Hypercom became the second largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third largest provider globally. Hypercom, HBNet and MegaNAC are registered 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. This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding market acceptance of new products and services, product and services capability, security, performance and competitiveness, sales, revenues and profits. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include, industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers, subcontractors and contract manufacturers; the quality and performance of our products and services; risks associated with international operations and foreign currency fluctuations; the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP Hypercom Corporation, Phoenix Pete Schuddekopf, 602-504-5383 pschuddekopf@hypercom.com or Casey Sayre & Williams Carolyn McEwen, 310-396-2400 cmcewen@cswpr.com or Pacific Network Access, Inc. Linda Bryant, 707-433-4260 Linda.Bryant@Pacificnetworkaccess.com or Infinity Network, LLC Eli Feder, 516-295-6092 ext 203 EliF@InfinityNetworkRewards.com Copyright Business Wire 2008
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