Hypercom focuses its development efforts on new technologies and payment products, both hardware and software, emerging in the electronic payment industry. We work closely with our partners defining new product concepts and identifying promising applications that make tomorrow's POS solutions available today.

Approximately 15 billion checks are written in the U.S. at the point of sale each year. For merchants, handling costs and losses were estimated at $23 billion last year alone, an average of more than one dollar for every check written.

The advantages of transferring from manual check handling to electronic check conversion are substantial and can be measured in real economic terms.

• Reduced check losses
• Improved collection of returned checks
• Simplified cash management
• Consolidated credit card and check sales reporting
• Increased efficiency at the point of sale

Electronic check technology is built on the stable, reliable payment system merchants use today. Converting the information on a check into an electronic transaction at the point of sale is simply more effective and efficient than traditional paper check handling.

• Verifying funds availability is easier
• Processing transactions is more efficient
• Providing merchants with funds is faster
• Reducing and handling bad checks is more effective
• Streamlining check processes saves merchants time