The Phoenix Group to Purchase $6 Million of Hypercom Optimum Products

Hypercom Corporation (NYSE: HYC) announced today that The Phoenix Group, the largest independent distributor of point-of-sale products and services, plans to purchase up to $6 million of Hypercom’s high security Optimum payment products for resale to its bank and ISO customers throughout the United States.

"Our customers demand the best price and performance in this tough economy and leaders like Hypercom deliver on both. Once you see these sensible, best value devices in action, it is abundantly clear that they raise the bar,” said Scott Rutledge, founder and President of The Phoenix Group. "Hypercom’s benchmark-setting products are one of the essential components to the secure functioning of the US electronic transaction market.”

"Leaders like The Phoenix Group are proactively advancing to deliver the most sensible high security payment products that will help US retailers compete and build profits in today’s demanding economic environment. We are delighted to provide the products they need to do just that,” said Heidi Goff, President and Managing Director, The Americas, Hypercom Corporation.

Hypercom’s high security Optimum T4200 product family for North America consists of four powerful 32-bit multi-application devices that share the same platform, user interface and software toolkit to maximize efficiency, application portability and offer customers a broad range of options to serve any market need.

For further information, please visit http://www.hypercom.com/products.

About The Phoenix Group (www.phoenixgrouppos.com)

The Phoenix Group is the nation’s largest independent supplier and service provider for point-of-sale products and the only one with distribution agreements with every major manufacturer.

About Hypercom Corporation (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. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.

Hypercom and Optimum & Design 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, product capability and performance, product competitiveness, product sales, revenues and profits, 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; 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