Worldwide Marketing Expert Brings Proven Track Record, Experience, Talent To Global Electronic Payment Leader Hypercom

PHOENIX, August 29, 2002–Hypercom Corporation (NYSE: HYC) today announced the appointment of Eric Duprat to vice president, Marketing and Business Development for the company’s Transaction System Group (TSG). Mr. Duprat will be directly responsible for the division’s global marketing operations and will report to Jairo E. Gonzalez, president of Hypercom TSG.

“Eric Duprat is a perfect fit for Hypercom because he is an internationally recognized leader in marketing global smart cards, card security and electronic identification products. With his demonstrated marketing and management skills for worldwide operations, he will play an important role in helping Hypercom advance its global growth strategy,” said Gonzalez.

“We have made our company stronger by bringing Eric Duprat to Hypercom. He is a highly seasoned, highly respected professional in the electronic payments industry. His appointment is directly in line with our strategy and objective to bring to market the most advanced technologies and the smartest, fastest and easiest to use products for the point-of-transaction,” said Chris Alexander, chairman and CEO, Hypercom Corporation.

Mr. Duprat is an eight-year veteran of the electronic payments industry. Prior to joining Hypercom, he held executive marketing positions with VeriFone, Inc., Schlumberger Technologies and Polaroid Corporation’s electronic identification division.

About Hypercom (http://www.hypercom.com)

Hypercom Corporation (NYSE: HYC) is the 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, high performance, web-enabled card payment terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications. The company’s widely-accepted ePOS-infocommerce (epic) framework of consumer-activated, EMV-certified, touch-screen ICE (Interactive Consumer Environment) terminals enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.

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

Hypercom and ePOS-infocommerce are registered trademarks and epic is a 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. Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although management of Hypercom 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.