Brent Smith Pete Schuddekopf
Cyclone Software Hypercom Corporation
Office: 970-353-4555 602.504.5383
brent@cyclonesoft.com pschuddekopf@hypercom.com
www.fastchecknetwork.com
Cyclone
Software Selects Hypercom’s Transaction Transport
Service for ‘Fastcheck’ Check Verification and
Conversion Network
GREELEY, CO
May 16, 2007 – Cyclone Software
announced today that it has selected Hypercom
Corporation’s (NYSE: HYC) transaction transport
service to extend Cyclone’s nationwide
‘Fastcheck’ check verification and check
conversion network to merchants using dial-up
communications. Cyclone maintains one of the fastest
growing databases of bad check writers nationwide.
“With Hypercom’s high security transaction
transport technology, we can extend our services to the
hundreds of thousands of U.S. merchants still relying on
dial-up communications,” said Cyclone Software
President Mick Phillips. “Those merchants can now
quickly route checks presented for payment to our
verification centers via a simple software download and
toll-free telecommunications.”
“Cyclone Software’s selection of Hypercom is an
endorsement of our value proposition, and another clear
indicator of market demand for an alternative supplier of
dial and IP transaction services,” said John Andrews,
Senior Vice President, Hypercom Global Customer Service.
“Simply put, Hypercom’s transaction transport
capability offers a combination of performance, price,
service and know-how that can’t be beat.”
Cyclone Software’s Fastcheck Network is a privately
labeled service offered to collection agencies that has
become the nations most popular verification service
nationwide, with over 500 new check verification merchants
locations added per week.
Hypercom’s transaction transport service moved more
than 1.6 billion transactions worldwide in 2006,
representing a 15% increase globally over 2005. The service
is powered by robust, ultra high-density MegaNAC® Network
Access Controllers (NACs) strategically positioned within
the North American Public Switching Telephone Network
(PSTN) and at processor data centers. Hypercom’s
transaction transport service 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
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, healthcare,
prepaid, unattended and many other markets. Hypercom
solutions enable businesses in more than 100 countries to
securely expand their revenues and profits.
About Cyclone Software
Cyclone Software, since 1978,
provides proprietary account receivable software,
collection software, and The Fastcheck Network IP based
check verification service for the collection, financial
and check industry. Cyclone’s products are
marketed to over 100,000 locations nationwide through
various sales channels of customers including collection
agencies, independent sales offices and banks. For more
information, please visit the Web site at
www.fastchecknetwork.com
or contact Brent
Smith 970-353-4555.
# # #
Hypercom
is a registered trademark of Hypercom Corporation. All
other products or services mentioned in this document are
trademarks, service markets, registered trademarks or
registered service marks of their respective owners.