UniCache Selects Hypercoms High Speed Card Payment Technology for Burgeoning U.S. to Central America Market * New Money Transfer Alternative to Roll Out Next Year, Offers Advantages of Debit Card with Services Like Low-Cost Long Distance

UniCache, Inc., a leading provider of alternative payment technologies, has selected terminals from global electronic payment leader Hypercom Corporation (NYSE: HYC) for a new money transfer alternative for Latin America. UniCache will deploy its innovative Unicard, a stored value, magnetic stripe debit card and Hypercoms fast, secure and easy-to-use ICE card payment terminals to thousands of small business customers in the U.S. and Central America. The multi-application device combined with the proprietary UniCache software becomes a UniCache-enabled payment terminal and, when used in concert with the Unicard, will bring merchants and consumers new exclusive services.

LAS VEGAS, November 4, 2002 -- UniCache, Inc., a leading provider of alternative payment technologies, has selected terminals from global electronic payment leader Hypercom Corporation (NYSE: HYC) for a new money transfer alternative for Latin America.

UniCache will deploy its innovative Unicard, a stored value, magnetic stripe debit card and Hypercoms fast, secure and easy-to-use ICE card payment terminals to thousands of small business customers in the U.S. and Central America. The multi-application device combined with the proprietary UniCache software becomes a UniCache-enabled payment terminal and, when used in concert with the Unicard, will bring merchants and consumers new exclusive services.

Now people without bank accounts will be able to use Unicards versatile new stored value debit card to quickly pay for good and services, make ATM withdrawals, safely transfer money to friends and family and have access to UniCaches low cost International Long Distance Telephone program.

Exploding Demand for Smart, Fast, Easy-to-Use Technology

There is an enormous and escalating demand for transaction technology and products that meet the demands of people who simply dont have a credit card or checking account," said A. W. Olson, president and chief executive officer, UniCache, Inc. Thats precisely what we are delivering here with Hypercom."

Hypercoms smart, fast and easy-to-use payment terminals deliver the fastest transaction speeds and the highest levels of reliability and security," he said. Combine that with the flexibility of Unicard and we are introducing a revenue-generating service for merchants that puts the power, convenience and flexibility of a debit card into the pockets of people who dont have checking accounts or credit cards."

Our order is simply another chapter in the Hypercom-UniCache relationship," said Olson. Last summer we completed our capacity requirements by adding a Hypercom MegaNAC 8000 in our bunker facility here in Las Vegas. An additional MegaNAC 8000 was shipped to our new office in Guatemala in early September and several other smaller IEN 4000s will be dispersed to facilities located through out Central America."

According to Olson, the ambitious technical acquisition program and establishing state-of-the-art security around the companys proprietary system is in preparation of a winter launch of its Latin America product line. For more than a year, UniCache has been establishing partnerships, strategic alliances and plans to introduce the UniCache system in Central America.
UniCache Selects Hypercom         -2-

Unicard = One Currency, No Boundaries

After finalizing its partnership and alliance programs with banks, major retailers and cooperatives, UniCache will introduce Unicard, a new stored value debit card using the trademarked slogan: One Currency; No boundaries.

The card has unrestricted use cross borders and can be used for Internet, Point-of-Sale purchases and ATM withdrawals around the world," said Olson.

For customers who are unable to have checking accounts or credit cards or choose not to, the Unicard allows a safe, secure alternative to carrying cash," he said. In conjunction with the Unicard distribution, participating banks, merchants and other outlets, will be invited to use the new UniCache-enabled Hypercom ICE terminals to process money transfers sent from the United States. The added value for more locations to be on the distributing end of the money transfer chain benefits the commercial establishment as well as the recipient who can now have money transfers sent to his or her card and not having to worry about theft or loss of cash. After learning about these new benefits, the United States sender will feel a lot more comfortable about transferring funds with this new alternative."

Heres how it works. A customer decides what dollar amount they want to put on their Unicard and they hand the merchant the equivalent in cash. The customer swipes Unicard through the Hypercom® card payment terminal, the merchant loads the cash equivalent onto the card and the customer then authorizes the transaction using a secured pin # and receives a printed receipt from the terminal. The customer can then use the card for any number of debit transactions at virtually any retail location, conduct ATM withdrawals, transfer money or use it for low cost long distance (International or domestic) phone calls.

This is an exciting and time-saving payment alternative for the millions of hard working people who do not use traditional credit card or checking accounts, and its a value-added revenue generating service for the merchants who offer it to their customers," said O.B. Rawls IV, president, Hypercom North America.

About UniCache (www.unicache.com)
   
UniCache, Inc, is a leading provider of alternative payment technologies. Founded in 1999, UniCache.com is headquartered in Las Vegas. The company maintains offices in Vancouver, Toronto, Hong Kong, Guatemala, Panama, Antigua and Curacao. In conjunction with the companys Latin American product launch, offices will soon be opened in Honduras, El Salvador and Nicaragua.

About Hypercom (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 web-enabled information and transaction terminals that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications. Hypercoms widely-accepted ePOS-infocommerce® (epic) framework of consumer-activated, EMV-certified, touch-screen ICE (Interactive Consumer Environment) information and transaction 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.

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Hypercom, MegaNAC and ePOS-infocommerce are registered trademarks of Hypercom Corporation. ICE and epic are 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. 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.

Contacts:

Pete Schuddekopf         
Hypercom Corporation            
602.504.5383
pschuddekopf@hypercom.com

Terry L. Underwood
UniCache Inc.      
702.251.9000          
terry@unicache.com