SOURCE: Catuity Inc.

April 19, 2006 05:30 ET

Catuity Integrates to Hypercom Platform

Multi-App Terminal Ready, Processor to Add T7-Plus, Multi-Lane

DETROIT, MI -- (MARKET WIRE) -- April 19, 2006 --Catuity Inc. (NASDAQ: CTTY); (ASX: CAT), (ASX: CATN), a loyalty and gift card processor, today announced that it has integrated to Hypercom Corporation's (NYSE: HYC) Optimum T4100, a leading multi-application terminal.

Catuity said that it expects to broaden its commitment to Hypercom's product line by also integrating to Hypercom's popular T7Plus and selectively to POS hardware manufactured for the chain retailer market.

"Our integration to Hypercom's terminal platform is an important strategic step which broadens the market that Catuity is ready to serve," said John Racine, President and CEO of Catuity. "The T4100 gets strong reviews for reliability and scalability and our investment in the relationship with Hypercom will reduce the cost and risk of doing business with Catuity for our retailer clients."

Hypercom's Optimum T4100 is one of the top-selling multi-application terminals used by merchants and chain retailers alike who want to leverage value-added applications, such as loyalty and gift card.

"The T4100's multi-application architecture protects everyone's hardware investment by providing sufficient power, memory and flexibility to support the industry's ever changing application requirements, and the merchants' desire to use one device to support their payment needs including products like Catuity's loyalty and gift card products," said Neil Hudd, Senior Vice President of Global Product Development and Marketing, Hypercom Corporation. "Processors, VARs and retailers realize the versatility of this 32-bit hardware solution."

The T4100 features a powerful 32-bit, Intel® XScale® processor and 24 megabytes of memory to deliver intelligently integrated multi-application performance and the industry's fastest transaction speeds for both IP/SSL and dial applications. The unit can perform 250 MIPS (millions of instructions per second) compared to 1.6 MIPS for similar devices and has at least 18 more megabytes of memory, enabling support for more value-added applications than any other terminal on the market. It also features an integrated PIN pad; an integrated 2" or 3" printer that handles text and graphics such as barcodes at an industry-leading 18 lines per second (lps) compared to the standard 12.5 lps without graphics; a wizard-style user interface that significantly reduces deployment time by minimizing the number of keystrokes required; and an industry first IP diagnostic application that expedites installation and simplifies troubleshooting of Ethernet connectivity problems in a customer's network.

"Our strategy continues to be to integrate to the best-selling terminal platforms which give us access to our targeted vertical markets in chain retailing," said Racine. "One of the strengths of integrating to Hypercom's SPOS 32 operating system on the T4100 is that it makes it quick, inexpensive and low risk for us to support retailers who choose Hypercom's terminals to complement their stores' electronic cash register."

Catuity now supports the four leading multi-application terminal providers in the U.S. market. Racine said the company will also integrate to Hypercom's popular, the T7Plus, with integration availability expected in the third quarter.

"Our terminal integration strategy has been validated by recent signings," said Racine. "So far this year, Catuity has signed clients with the potential to deploy to more than 1,000 locations."

The Company cannot forecast how many locations are likely to come on line during the next year because the client ultimately controls that schedule.

About Hypercom Corporation

Global payment technology leader Hypercom Corporation (NYSE: HYC) 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, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. For more information: www.hypercom.com.

About Catuity Inc.

Catuity Inc. makes the point of sale more profitable for its customers by delivering products and services which reduce costs and generate new revenues. Our retailer clients have more than four million cardholders participating in Catuity-powered loyalty and gift card programs. For more information on Catuity, please visit our website at www.catuity.com.

Hypercom and Optimum and Design are registered trademarks of Hypercom Corporation. Intel and XScale are registered trademarks of Intel 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 share growth, 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 the ability to win new customers and new businesses; 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.

Contact Information

  • Contacts:

    Jack Lowry
    CFO
    Catuity Inc.
    734-779-9000 ext. 202
    Email Contact

    Pete Schuddekopf
    Hypercom Corporation
    602-504-5383
    Email Contact