FOR IMMEDIATE RELEASE

Element Payment Services Selects Hypercom to Enhance Its Express IP Payment Platform

PHOENIX, August 26, 2008 -- Hypercom Corporation (NYSE: HYC) today announced that Element Payment Services has selected its HBNet transaction transport service and SmartPayments Server to provide high-speed data transport and payment processing services for merchants using the Element Express Processing Platform. Element’s state-of-the-art Express IP payment platform provides its merchants with a PCI DSS-certified solution that is easy to manage and can readily scale with their business in a safe, secure manner. The combined solution is designed to reduce Element’s payment processing costs, simplify new customer conversions, and provide top-level security for sensitive cardholder data.

"Hypercom’s complete switching, data transport and transaction management solution will connect up most of the Hypercom dial and IP terminals on our Express IP payment platform," said Roy Bricker, Chief Operating Officer, Element Payment Services. "This is a seamless, efficient and innovative way for us to support multiple POS devices on our platform at the same time."

With the new system, Element’s merchant customers will transmit their electronic payment transactions to Express, Element’s PCI certified IP payment platform, by connecting via dial or IP to Hypercom’s transaction transport service. The SmartPayments Server software installed in the data center will log all transactions for tracking and reporting purposes and then pass the data on to Element Express.

By establishing direct communication between the merchant and the Express system, Element can offer new, PCI DSS certified payment services to its partners and merchants. These include dynamic changes to terminal applications, customized reports, and quick conversion of new customers through message translation, which eliminates the need for merchants to reprogram their point-of-sale devices.

"This contract validates our strategy of offering integrated payment processing products and services. It simplifies procurement for the customer, speeds rollout by providing pre-integrated systems, and provides a single point of contact with full responsibility for switching as well as data transport functions," said Heidi Goff, President and Managing Director, The Americas, Hypercom Corporation. "This same model can benefit other ISOs who want to increase their efficiency and enhance their service portfolio."

For additional information on Hypercom’s SmartPayments Server and HBNet transaction transport service, please visit:
http://www.hypercom.com/products/smartpayments_server.asp
http://www.hypercom.com/services/hbnet.aspx

About Element Payment Services, Inc. (www.elementps.com)

Headquartered in Phoenix, Arizona, Element Payment Services Inc. provides integrated transaction processing solutions to merchants through partnership with leading business management software providers. Engineered using service-oriented architecture, Element’s Express Processing Platform allows for easy integration and supports credit and debit card, ACH and check solutions for its 30,000 merchants.

Processing $4 billion in annual transaction volume, Element’s secure, innovative and reliable payment solutions allow its customers to easily comply with industry security requirements such as PCI DSS, PA-DSS (PABP), significantly reducing the risk of a cardholder data breach. For more information, visit www.elementps.com

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 business 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.

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Hypercom and HBNet are registered trademarks of Hypercom Corporation. SmartPayments Server 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. 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 and services, capability, security, competitiveness and performance of products and services, the Company’s financial results, 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; the performance and security of the Company’s 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