Open Solutions Canada Selects Hypercom's HBNet for One of Canada's Largest Off-Premise...

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Wed May 21, 2008 9:30am EDT

Open Solutions Canada Selects Hypercom's HBNet for One of Canada's Largest Off-Premise ATM and POS Networks

PHOENIX & GLASTONBURY, Conn.--(Business Wire)--
Open Solutions Inc.(R) and Hypercom Corporation (NYSE: HYC) today
announced HBNet, Inc., a Hypercom(R) subsidiary, will provide
high-speed transaction transport services for Open Solutions Canada,
the Canadian subsidiary of Open Solutions, which operates one of
Canada's largest off-premise ATM and point-of-sale networks. Open
Solutions is a leading provider of integrated enabling technologies
for financial service providers across the United States, Canada and
internationally.

   "HBNet brings us the exact specifications we need in terms of
stability and security that would be impossible to replicate
internally," says Rob Palin, general manager of the Payment Solutions
Group at Open Solutions Canada. "We believe HBNet is the fastest and
most reliable network and that it will make our payment processing in
Canada even more competitive."

   The use of HBNet will enhance Open Solutions Canada's ability to
smoothly and securely process millions of ATM and POS transactions
each month to financial institutions. HBNet's unparalleled performance
is achieved through multiple network and equipment redundancies that
guarantee the seamless routing of all transactions. HBNet also
provides the industry's highest level of security for dial and
Internet transaction processing.

   "Open Solutions Canada is a premiere Canadian account and one that
validates HBNet's offering of performance, price, service and
know-how," says Connie Festa, HBNet Vice President Network Services at
Hypercom.

   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 Open Solutions Canada (www.opensolutions.com)

   Open Solutions Canada designs, builds, integrates and operates
advanced banking and payment technologies for financial institutions,
retailers, independent sales organizations (ISOs), third-party
organizations and processing centers worldwide. Open Solutions
Canada's Payment Solutions Group supports and markets
state-of-the-art, industry-standard payment transaction processing
solutions internationally. The Payment Solutions Group operates one of
the largest ATM and POS payment switches in Canada. In addition, it
directly supports more than 30 Canadian financial institutions through
a network providing shared cash transaction processing, ATM monitoring
and 24/7 support.

   About Open Solutions Inc.

   Open Solutions Inc. offers a fully featured strategic information
management product platform that integrates core data processing
applications built on a single centralized Oracle relational database,
with Internet banking, cash management, CRM/business intelligence,
financial accounting and management tools, profitability tools, wealth
management, imaging, digital documents, interactive voice response,
network services, HSAs, payments and loan origination solutions. Open
Solutions' full suite of products and services allows banks, thrifts,
credit unions and financial services providers in the United States,
Canada and internationally to better compete in today's aggressive
financial services marketplace, and expand and tap their trusted
financial relationships, client affinity, community presence and
personalized service.

   For more information about Open Solutions or its financial product
line, contact Mickey Goldwasser by email at
mgoldwasser@opensolutions.com or by phone at 860-652-3153 or via fax
at 860-652-3156. Visit Open Solutions' Internet site at
www.opensolutions.com.

   Open Solutions Inc. is a registered trademark of Open Solutions
Inc. All other company and product names may be trademarks of their
respective owners. Copyright 2008 Open Solutions Inc. All rights
reserved.

   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 last 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.

   The correct usage of the company name, Open Solutions Inc., is
either referring to it as Open Solutions Inc. or Open Solutions. Open
Solutions no longer uses the acronym of OSI to refer to the company.

   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, capability, security, competitiveness and performance of
products and services, the Company's financial results, market share,
and expected acquisition results and benefits. 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; the performance and security of the Company's products
and services; compliance with industry standards, certifications and
government regulations; the performance of suppliers, contract
manufacturers and subcontractors; the ability to successfully
integrate the technologies, operations and personnel of acquired
businesses in a timely manner; the ability to obtain the expected
strategic and financial benefits from acquisitions; 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
Pete Schuddekopf, 602-504-5383
pschuddekopf@hypercom.com
or
Open Solutions Inc.
Marvin (Mickey) Goldwasser, 860-652-3153
mgoldwasser@opensolutions.com
Andrew McCaskill, 678-781-7210 (Media)
or
Casey Sayre & Williams
Carolyn McEwen, 310-396-2400
cmcewen@cswpr.com

Copyright Business Wire 2008
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