PayLife Selects Hypercom's Artema Mobile for Austrian Market

CARTES & IDentification 2008–Hypercom Corporation (NYSE: HYC) today announced that PayLife Bank GmbH, a joint venture of Austrian banks and savings banks and the leading acquiring and issuing company in Austria, has selected and will deploy thousands of Artema Mobile payment terminals in Austria. Hypercom’s Artema Mobile was chosen for this multi-million Dollar purchase to replace the currently installed mobile terminals as well as for new customer projects. The Artema Mobile, which benefits from GPRS communication technology, will be sold by PayLife as the "Mobile Bankomat-Kasse.” The terminal is designed to process the Austrian electronic purse "Quick” as well as credit and debit cards.

"PayLife is Austria’s preeminent payment provider, and their choice of Artema Mobile is a strong endorsement that recognizes the product’s competitive advantages and further strengthens our footprint in Western Europe,” said Peter Ehlers, Managing Director, Northern Europe, Hypercom Corporation.

The selection follows PayLife’s introduction last year of Hypercom’s Artema Hybrid payment terminal, which is now in use at thousands of retail locations in the country.

For information on Hypercom’s Artema Mobile payment terminal, please visit: http://www.hypercom.com/products/ArtemaMobile.asp.

About PayLife (www.paylife.at)

PayLife Bank GmbH is THE partner for all cards and the universal provider of cashless payments in Austria. With Maestro, Quick, MasterCard, VISA, JCB and CUP and the new Bankomat POS terminal, PayLife offers everything from a single source. PayLife services approximately 106,600 merchants and 8.4 million cards in Austria. Innovation and cost efficiency are in every aspect of our business. 12% increase in the volume of cashless payment in the first half of 2008, again confirms the successful market and customer orientation of PayLife. www.paylife.at

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 earlier this year, 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.

Hypercom and Artema 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