Authentication for U.S. Government and Corporate America -- smatcard stuff3

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Date Posted: 12:29:10 02/16/03 Sun
Author: First aSuretee, LLC, a First Data Corp. (NYSE: FDC) subsidiary, and Hypercom Corporation (NYSE:
Subject: Authentication for U.S. Government and Corporate America
In reply to: Global Certification for JCB's J/Smart Cards(9/03/02) 's message, "Hypercom also announced a worldwide joint marketing arrangement with JCB" on 12:20:11 02/16/03 Sun

Global Leaders Create Simple, Fast and Secure ID Authentication for U.S. Government and Corporate America
2/13/2003
DENVER and PHOENIX, Feb. 11 /PRNewswire-FirstCall/ -- In a major attack on credit card and electronic transaction fraud, First aSuretee, LLC, a First Data Corp. (NYSE: FDC) subsidiary, and Hypercom Corporation (NYSE: HYC) today introduced a point-to-point electronic transaction and identification verification system for the U.S. government and corporate America. The new solution has the potential to dramatically reduce electronic payment and transaction fraud associated with magnetic stripe "skimming" and cloning of credit card terminals.

(Photo: http://www.newscom.com/cgi-bin/prnh/20030211/LATU016 )

Using the nation's existing payment network, this precise system combines aSuretee(SM) technologies and Hypercom's information and transaction terminal technology to quickly and securely authenticate individuals authorized to conduct transactions on Hypercom(R) terminals. The solution will feature new biometric technology from Hypercom, which when combined with aSuretee digital signature capabilities, provides a highly secure ID authentication solution.

"Credit card and electronic transaction fraud are diverting billions of dollars from commercial and Federal institutions. The need to stop this is clear," said Chris Alexander, chairman and CEO, Hypercom Corporation. "This new technology will help government agencies and corporations reduce fraud, quickly, securely, and affordably. First Data and Hypercom are both recognized as leaders in reducing fraud, and this is the next step."

The aSuretee chip authentication solution will now be offered as a standard feature that can be embedded in Hypercom's high-tech, HyperSafe(TM), tamper-resistant information and transaction ICE(TM) terminals. The chip is pre-configured with a public/private key pair that is secured by an authorized administrator of the terminal owner. Once the authorized administrator registers the terminal for transaction services, the aSuretee chip generates a unique digital "signature" for all transactions. This signature, which is transmitted from the terminal every time a transaction is initiated, guarantees that the transaction is secure and serves to authenticate the terminal itself.

"For years we have been actively engaged in combating credit card fraud and this is a major step forward in our continued efforts. The simple and highly secure technology will enable federal agencies and financial institutions to prohibit the illegal use of transaction terminals," said Charlie O'Rourke, senior vice president of First Data Corp. "aSuretee's highly secure authentication chip used in the popular Hypercom payment terminal brings to market the potential of unprecedented protection to electronic transactions."

The new solution will feature Hypercom's BioPin(TM) biometric which protects consumer privacy by converting a fingerprint into an algorithmic reference. When coupled with the user's card number, it provides an extremely reliable method of identity verification. When combined with First aSuretee's digital signing capabilities, BioPin technology enables a highly secure way to utilize biometrics because every biometric image is protected by a unique digital signature and only signed biometrics are recognized as valid transactions.

"Legislators, business leaders and Americans across the country want to crack down on those presenting and utilizing false identification to conduct criminal transactions and activities that threaten consumer confidence and safety -- and they want to crack down now. People are concerned. They want a solution. And they want it quickly," said Alexander. "Today's announced initiative will combine the innovative technologies of two leading companies to address today's fraud challenges."

About First aSuretee ( http://www.aSuretee.com )
First aSuretee LLC, a First Data Corporation company, offers products and services that provide simple and flexible solutions for today's complex electronic authentication requirements. First aSuretee's innovative technologies enable enterprises and government agencies to implement an Account Based Digital Signature (ABDS(SM)) Solution, a revolutionary authentication system that leverages existing business processes for authentication of users in any network environment. For more information, please visit http://www.asuretee.com .

About First Data Corp. ( http://www.firstdata.com )
First Data Corp. (NYSE: FDC), with global headquarters in Denver, helps powers the global economy. As a leader in electronic commerce and payment services, First Data serves approximately 3 million merchant locations, 1,400 card issuers and millions of consumers, making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of payment. With 29,000 employees worldwide, the company provides credit, debit, smart card and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; Western Union(R) money transfers services; and money orders; and check processing and verification services throughout the United States. First Data also offers a variety of payment services in the United Kingdom, Australia, Canada, Japan, Mexico, Spain, the Netherlands, the Middle East and Germany. Its Western Union and Orlandi Valuta money transfer agent networks include a total of approximately 151,000 Agent locations in more than 195 countries and territories. For more information, please visit the company's Web site at http://www.firstdata.com .

About Hypercom ( http://www.hypercom.com )
Hypercom Corporation (NYSE: HYC) is a leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers. Hypercom's products include secure Web-enabled information and transaction terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications. Hypercom's widely-accepted ePOS-infocommerce(R) (epic(TM)) framework of consumer-activated, EMV-certified, touch-screen ICE(TM) (Interactive Consumer Environment) information and transaction terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.

Headquartered in Phoenix, Hypercom maintains an installed base of more than 5 million terminals in over 100 countries, which conduct over 10 billion transactions annually.

ABDS and aSuretee are service marks of First Data Corporation. Hypercom and ePOS-infocommerce are registered trademarks of Hypercom Corporation. ICE, epic and BioPin are trademarks of Hypercom. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Hypercom management believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in Hypercom's SEC reports, including the company's most recent 10K and subsequent 10Qs.

For further information, please contact: Pete Schuddekopf of Hypercom Corporation, +1-602-504-5383, pschuddekopf@hypercom.com; or Lorraine Kauffman of First aSuretee LLC, +1-510-324-3055, lorraine.kauffman@firstdatacorp.com

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