STS Group and Hypercom Corporation announced today that they are kicking-off a joint initiative to expand awareness of Hypercom’s payment and transaction networking products in the local market. STS Group maintains a strong presence serving major banks in Jordan, Saudi Arabia, Qatar, Egypt and the United Arab Emirates, and intends to increase market penetration based on the advanced features of Hypercom’s newest products.
“The demand for high security, multi-application information and transaction platforms that expedite the fast and secure transmission of vital financial and business data is building exponentially. Hypercom offers an exceptionally wide range of products that are capable of meeting any electronic payment need, and we expect to significantly build our business by bringing these products to our customers,” said Aiman Mazahreh, Executive Director and co-founder, STS Group.
Hypercom’s new payment and transaction solutions include high-speed, multi-application countertop and wireless Optimum card payment terminals, unattended payment products, EMV and PCI-approved PIN Pads, HBNet high speed transaction transport services and IN-tact gateway converter devices for banks, financial institutions, large international multi-lane retailers and the quick service restaurant, transportation, health care, pre-paid, unattended and small merchant markets.
Hypercom’s new products help businesses implement the most stringent international EMV security standards, speed customer checkout and curb credit card fraud. They deliver value-added services ranging from PIN-based debit, electronic signature capture, loyalty and pre-paid programs, and age and ID verification to health care verification and claims processing, dynamic currency conversion and more.
“We have a system for every need as well as the global reach and in-market presence to provide robust support to businesses of any size,” said Guilherme Blumenthal, Executive Vice President, Sales and Operations, Hypercom Corporation. “We have a large presence in Jordan, Saudi Arabia, Qatar, Egypt and the United Arab Emirates, where we have been doing business for a number of years. The combination of our products and STS Group’s expertise can quickly equip businesses with the technology to vigorously compete in the marketplace through high-speed electronic payments and value-added services at the point-of-sale.”
About Hypercom (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.
About STS Group (www.sts.com.jo)
Since establishment in 1989, STS has contributed significantly to the growth and development of the IT sector in MENA. STS’s diversified IT activities, partnerships with industry leading companies such as Microsoft, Dell, Sun, IBM, CISCO, and Hypercom, in addition to more than 300+ qualified and highly skilled employees, has enabled STS to stand firm among the best providers of turnkey solutions to government, banking, education and telecommunication sectors.
Hypercom is a registered trademark of Hypercom Corporation. Optimum and Design is a trademark of Hypercom Corporation. HBNet and IN-tact 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. 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.
