Open Solutions Canada Selects Hypercom’s HBNet for One of Canada’s Largest Off-Premise ATM and POS Networks

PHOENIX & GLASTONBURY, Conn.--(BUSINESS WIRE)--Open Solutions Inc.® and Hypercom Corporation (NYSE: HYC) today announced HBNet, Inc., a Hypercom® subsidiary, will provide high-speed transaction transport services for Open Solutions Canada, the Canadian subsidiary of Open Solutions, which operates one of Canada’s largest off-premise ATM and point-of-sale networks. Open Solutions is a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and internationally.

“Open Solutions Canada is a premiere Canadian account and one that validates HBNet’s offering of performance, price, service and know-how”

“HBNet brings us the exact specifications we need in terms of stability and security that would be impossible to replicate internally,” says Rob Palin, general manager of the Payment Solutions Group at Open Solutions Canada. “We believe HBNet is the fastest and most reliable network and that it will make our payment processing in Canada even more competitive.”

The use of HBNet will enhance Open Solutions Canada’s ability to smoothly and securely process millions of ATM and POS transactions each month to financial institutions. HBNet’s unparalleled performance is achieved through multiple network and equipment redundancies that guarantee the seamless routing of all transactions. HBNet also provides the industry’s highest level of security for dial and Internet transaction processing.

“Open Solutions Canada is a premiere Canadian account and one that validates HBNet’s offering of performance, price, service and know-how,” says Connie Festa, HBNet Vice President Network Services at Hypercom.

Hypercom’s HBNet network speeds the authorization and processing of electronic transactions for retail point-of-sale, financial, government, health care and other customers in both the dial and IP POS markets.

HBNet is powered by robust, ultra high-density MegaNAC® 180 Network Access Controllers (NACs) strategically positioned within the North American Public Switching Telephone Network (PSTN) and at processor data centers. It 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 Open Solutions Canada (www.opensolutions.com)

Open Solutions Canada designs, builds, integrates and operates advanced banking and payment technologies for financial institutions, retailers, independent sales organizations (ISOs), third-party organizations and processing centers worldwide. Open Solutions Canada’s Payment Solutions Group supports and markets state-of-the-art, industry-standard payment transaction processing solutions internationally. The Payment Solutions Group operates one of the largest ATM and POS payment switches in Canada. In addition, it directly supports more than 30 Canadian financial institutions through a network providing shared cash transaction processing, ATM monitoring and 24/7 support.

About Open Solutions Inc.

Open Solutions Inc. offers a fully featured strategic information management product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, network services, HSAs, payments and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.

For more information about Open Solutions or its financial product line, contact Mickey Goldwasser by email at [e-mail] or by phone at 860-652-3153 or via fax at 860-652-3156. Visit Open Solutions’ Internet site at www.opensolutions.com.

Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2008 Open Solutions Inc. All rights reserved.

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, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. With its acquisition of Thales e-Transactions business last month, Hypercom became the second-largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third-largest provider globally.

The correct usage of the company name, Open Solutions Inc., is either referring to it as Open Solutions Inc. or Open Solutions. Open Solutions no longer uses the acronym of OSI to refer to the company.

Hypercom, HBNet and MegaNAC are registered 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 and services, capability, security, competitiveness and performance of products and services, the Company’s financial results, market share, and expected acquisition results and benefits. 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 and security of the Company’s products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers, contract manufacturers and subcontractors; the ability to successfully integrate the technologies, operations and personnel of acquired businesses in a timely manner; the ability to obtain the expected strategic and financial benefits from acquisitions; 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 and 8-Ks. 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