SuperCom to Launch Mobile Wallet Solution with VeriFone and Nofshonit in Israel

HERZLIYA, Israel and NEW YORK, September 15, 2016 /PRNewswire/ --

SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors announced today that Nofshonit, one of the largest loyalty club providers and operators in Israel, has selected SuperCom to provide an e-wallet solution to Nofshonit clients for digital loyalty and pre-paid shopping programs, to be supported at merchant locations over various devices and applications.

Nofshonit, through its operating partner Knowledge4all, has more than one million active clients. SuperCom's secure mobile wallet application, SuperWallet, will be used by existing and selected loyalty club clients throughout Israel and allow for mobile payments at point-of-sales instead of using the pre-chargeable magnetic card method which was previously mainly utilized in these loyalty programs. The solution will provide a range of services such as topping-up funds, paying for goods at the shops and viewing recent activities and inquiries.

The roll out has already begun introducing the solution to various Knowledge4all client groups, among them the Israeli workers union, the Israeli department of security, and the employees of Teva Pharmaceutical Industries. The roll-out will continue over the next months.

The Tri-Party solution providers Knowledge4all, VeriFone and SuperCom will generate revenue via a revenue sharing model as Nofshonit clients utilize the service.

"This agreement can significantly broaden the market penetration for SuperCom's unique and innovative e-wallet and mobile payments solutions," commented Arie Trabelsi, SuperCom's President and Chief Executive Officer. "We are excited to deliver a comprehensive, scalable, and customized solution to Nofshonit and its growing customer base, providing Nofshonit clients with an efficient, convenient and secure shopping experience, while driving incremental business to member merchants throughout Israel."

"This is an exciting opportunity for us. We've worked together with SuperCom and VeriFone in order to deliver an alternative method to the traditional plastic card, one which utilizes the advances of the smartphone to offer much added value for our clients around the country," commented Haim Katz, Deputy GM at Knowledge4All. "While developing the customized system together we placed a strong emphasis not only on convenience and usability but also on strict information security standards and maintaining user privacy, implementing PCI DSS security standards, TCL 1.3 and a security layer between the end user device and the server system."

SuperPay™ is SuperCom's secure mobile payment hybrid suite which brings a new level of secured cross-network mobile payment transaction capabilities. Designed specifically as a flexible end-to-end mobile payments solution, the SuperPay suite is a secure and effective customizable answer for governments, MNOs and banks. Solving major money transfer and payments problems, and considering the unbanked population, SuperPay can be used for depositing, withdrawing and transferring funds and for paying for goods and bills on almost any mobile phone. While supporting multiple payment methods such as mobile-money, credit / debit cards and bank accounts, SuperPay monetary transactions are processed over a tightly-secured closed / open-loop protective layer employing an array of technologies - such as biometric authentication, IVR, and NFC - without additional hardware needed. The SuperPay Suite includes:

• SuperWallet - an app providing secured financial services on almost any mobile device
• SuperPOS for secured and audio authenticated Point of Sales payments
• SafeMoney for safeguarding against device and network-based threats
• SuperGW - a fully customized payments processing gateway platform
• PayGuard for secured one-click ecommerce payments with multi-level authentication

About SuperCom 

Since 1988, SuperCom has been a leading global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secured Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers advanced, secure mobile payments ranging from mobile wallet to mobile POS, using a set of components and platforms to enable secure mobile payments and financial services. SuperCom is a global provider of a unique all-in-one field-proven RFID & mobile PureSecurity advanced solutions suite, accompanied by advanced complementary services for various industries, including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

SuperCom's website: http://www.supercom.com

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release. 

Investor Relations Contacts:

Rob Fink
Hayden IR
+1-(646)536-7331 / +1-(646)415-8972
[email protected]

Company Contact:

Ordan Trabelsi, President, Americas
Tel: +1-212-675-4606
[email protected]

SOURCE SuperCom