Hypercom Appoints Kazem Aminaee Senior Vice President – Hypercom EMEA

PHOENIX--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) today announced the appointment of Kazem Aminaee as Senior Vice President and General Manager – Hypercom EMEA. He will join the company on November 1, 2006, and be responsible for directing and driving the company’s sales, service and support in Europe, the Middle East and Africa. Mr. Aminaee will report to O.B. Rawls IV, Senior Vice President – International Sales. Mr. Rawls has been overseeing the day-to-day operations of Hypercom EMEA in addition to his global duties.

“Hypercom has a strong and growing presence in EMEA, and Kazem Aminaee brings the skill and market knowledge to help us continue to build market share”

Mr. Aminaee joins Hypercom from Gemplus Group where he has served as Senior Vice President, Financial Services, EMEA, for the past two years. He has also held positions with Ingenico Group, Bull Smart Cards & Terminals and Bull Information Systems Ltd., and RIVA France S.A.

“Hypercom has a strong and growing presence in EMEA, and Kazem Aminaee brings the skill and market knowledge to help us continue to build market share,” said O.B. Rawls IV. “Kazem is a highly experienced executive with in-depth experience and success in the electronic transaction business, and a thorough understanding of the point-of-sale business in Europe, the Middle East and Africa.”

About Kazem Aminaee

Mr. Aminaee has more than 18 years of expertise in the electronic payment, ATM and smart card industries. In his most recent position with Gemplus Group, the smart card solutions provider, he directed all aspects of the company’s sales, marketing and customer support to the banking and financial services sector in the region, and generated double-digit growth.

Previously, Mr. Aminaee held multiple executive positions at electronic payment solutions provider Ingenico Group. As Vice President, Retail & Petrol Europe, his responsibilities included directing sales to the multi-lane retail, petrol and financial acquirer sectors, entering into strategic partnership programs with leading EPOS suppliers and system integrators, negotiating major multi-million dollar contracts, and building a client service team in three countries. As Chief Marketing Officer, he established and built a centralized product marketing function and supervised a team of professionals in four countries. He was also a member of the company’s Executive Committee.

Mr. Aminaee previously was Vice President, Sales and Marketing — South Europe for RIVA France S.A., where he directed the multi-million dollar sales portfolio of point-of-sale products for the retail market, and held a number of marketing and sales posts with Bull Smart Cards & Terminals Division and Bull Information Systems Ltd., a provider of smart cards, ATM cash dispensers, point-of-sale terminals and other payment products. His responsibilities at the two Bull companies included building direct and indirect sales channels, defining new products and services for the retail market, and opening new business opportunities for GSM smart cards, banking smart cards and ATMs throughout Europe.

Mr. Aminaee is fluent in three languages. He holds a Master’s Degree in Engineering with emphasis on Electronic Systems Engineering and Digital Signal Processing from the University of Orsay in France.

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.

Hypercom is a registered trademark 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 the ability to attract and retain qualified and experienced executives, 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. HYCP