Hypercom Introduces Secure Payment Solutions for iPhone

Hypercom has launched the first two members of a product family that enable smartphones to accept card payments. The two SmartPayments Mobile payment solutions are for merchants with Apple iPhones who demand simple, flexible and secure card present processing capabilities on the popular smartphone platform.

Hypercom’s payment solutions for the iPhone extend the use of electronic payments beyond in-store retail to home merchants, door-to-door delivery and repair services, event vendors and an array of other merchants with business-critical features not provided by recently-announced competitive units. Unlike competitor products, SmartPayments Mobile is also designed for upscale retailers who want to stay close with high-value customers on the retail floor and expedite their purchases.

For merchants not requiring barcode scanning, the SmartPayments MobilePro features the same iPhone-protective card reader and signature capture for simple, fast and secure card processing. Additional standard features on both models include Hypercom’s end-to-end payment data protection, a built-in rechargeable battery that significantly increases usage time by not relying solely on the iPhone battery, dual battery recharging capabilities with a single cable, itemised emailed receipts, and an opening for the iPhone camera lens.

“We are bringing to market a stylishly simple and highly secure fully functional end-to-end payment solution for savvy iPhone users who want to save time and money,” said Philippe Tartavull, chief executive officer (CEO) and president, Hypercom. “By adding additional battery capacity, barcode reading and iPhone camera accessibility, we are significantly enhancing the value proposition beyond competitive offerings and delivering a platform that enables a new range of payment related business applications.”

The iPhone payment solution will be available though existing bank acquirers and independent sales organisations (ISOs), as well as direct from Hypercom. Customers who sign up directly with Hypercom without existing merchant accounts will be directed to a variety of payment processor options.

First product shipments are expected in June 2010.


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