IRN Payment Systems Selects Hypercom T7Plus for Free Merchant Terminal Program

Hypercom Corporation (NYSE: HYC)
announced today that its T7Plus credit/debit card terminal has been selected
for use in a free merchant equipment program being launched this week by IRN
Payment Systems, a provider of payment processing products and services sold
through Independent Sales Organizations (ISOs). IRN expects to purchase the
terminals over the next 12 months for free placement in merchant locations by
its ISO partners, providing a competitive new merchandising tool to help
affiliated ISOs expand their customer base.
IRN is the first organization to adopt Hypercom product for a free
terminal program, and the first to use a new Hypercom software application
developed specifically to support free equipment initiatives. The software
protects an ISO's terminal population from competitor reprogramming in order
to aid merchant retention and assist ISOs in recouping free terminal placement
costs. The software also simplifies ISO management by eliminating the need to
maintain separate inventories for free and standard terminal stock.
IRN has also named Hypercom as its preferred terminal vendor. The payment
processor will offer the entire Hypercom product portfolio to its ISO sales
associates, ranging from PIN pads to the new IP-enabled Optimum T4100
multi-application card payment terminal. More than 20,000 merchants currently
utilize IRN solutions.
"Hypercom's T7Plus is a workhorse terminal with a full range of features,
a reputation for reliability, and now the protection an ISO needs against
'slamming'. That makes it an attractive platform for our new free equipment
program," said Tom Della Badia, Vice President, IRN. "At the same time, we
have seen the capabilities of Hypercom's other products and the loyalty of the
installed customer base through years of selling their line, and we are
endorsing them as our terminal provider of choice given the significant
technology and reliability advantages they offer to ISOs and end users."
"IRN's market presence is considerable, and their selection of our T7Plus
for their free equipment program validates the competitive benefits of our
'lockdown' software," said Lisa Shipley, Senior Vice President, National
Sales, Hypercom North America. "This is a strong partnership that is expected
to immediately drive new revenues and also open the door to adoption of our
products by other organizations that may be planning similar free terminal
initiatives."
Hypercom's T7Plus is a compact countertop POS terminal that accepts all
magnetic stripe cards, delivers fast authorization of online transactions,
provides "One-Touch" shortcut keys that speed operation, and includes a
built-in printer that generates receipts in half the time of earlier
generation devices. The printer loads easily with a special drop-in technique
that eliminates the need to feed paper through slots and rollers, operates
virtually jam-free, and supports long paper rolls to reduce paper changes. It
is the successor to the company's T7P, one of the industry's most successful
payment terminals with 3 million units sold.
For IRN's free terminal program, the T7Plus units will be configured to
support credit, debit, EBT, gift card and loyalty card transactions as well as
IRN's proprietary Paid On Signing 9-second real-time check debit processing
solution. The IRN program gives ISOs a $100 signing bonus for each free
terminal they place plus a 60% share of transaction revenues, with no minimums
or quotas.

About IRN Payment Systems (http://www.irnpayment.com)
IRN Payment Systems has provided electronic payment processing solutions
to businesses nationwide for over 17 years. Services include credit card and
check/debit processing for merchants, retailers, manufacturers, distributors
and wholesalers of all sizes, from individual facilities to multiple and chain
operations. The company also provides a variety of terminals, printers,
peripherals and software supported by all major networks.

About Hypercom (http://www.hypercom.com)
Widely recognized as the global payment technology innovator, Hypercom
delivers complete card payment terminal, network access device, server and
transaction networking solutions that help merchants and financial
institutions generate revenues and increase profits. Hypercom's card payment
terminal, network and server solutions are leading the transformation of
electronic payments in more than 100 countries. The company is headquartered
in Phoenix, Arizona.

Hypercom is a registered trademark of Hypercom Corporation. Optimum and
Design is a trademark 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, product
performance, product 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; the performance of suppliers and subcontractors; 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. 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

Contacts:

Pete Schuddekopf Tony Keller
Hypercom Corporation S&S Public Relations
602.504.5383 719.634.8279
pschuddekopf@hypercom.com tony@sspr.com

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