-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 L4cTNVVhflFgG6JdE1peCMcTSdlCPH4yrm7QUsXx+omP9pXjO1eNY5OyL2I0nW30
 co186m+y7DjPHFfHj9esXw==

<SEC-DOCUMENT>0001144204-10-047420.txt : 20100830
<SEC-HEADER>0001144204-10-047420.hdr.sgml : 20100830
<ACCEPTANCE-DATETIME>20100830174029
ACCESSION NUMBER:		0001144204-10-047420
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100826
FILED AS OF DATE:		20100830
DATE AS OF CHANGE:		20100830

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MERUELO ALEX
		CENTRAL INDEX KEY:			0001075186
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13521
		FILM NUMBER:		101047803

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HYPERCOM CORP
		CENTRAL INDEX KEY:			0001045769
		STANDARD INDUSTRIAL CLASSIFICATION:	CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
		IRS NUMBER:				860828608
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		8888 EAST RAINTREE DRIVE
		STREET 2:		SUITE 300
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85260
		BUSINESS PHONE:		4806425000

	MAIL ADDRESS:	
		STREET 1:		8888 EAST RAINTREE DRIVE
		STREET 2:		SUITE 300
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85260

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Meruelo Alex Living Trust
		CENTRAL INDEX KEY:			0001372647
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13521
		FILM NUMBER:		101047802

	BUSINESS ADDRESS:	
		STREET 1:		9550 FIRESTONE BLVD.
		STREET 2:		SUITE 105
		CITY:			DOWNEY
		STATE:			CA
		ZIP:			90241
		BUSINESS PHONE:		214-651-5291

	MAIL ADDRESS:	
		STREET 1:		9550 FIRESTONE BLVD.
		STREET 2:		SUITE 105
		CITY:			DOWNEY
		STATE:			CA
		ZIP:			90241
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v195624_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-08-26</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001045769</issuerCik>
        <issuerName>HYPERCOM CORP</issuerName>
        <issuerTradingSymbol>HYC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001075186</rptOwnerCik>
            <rptOwnerName>MERUELO ALEX</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>9550 FIRESTONE BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 105</rptOwnerStreet2>
            <rptOwnerCity>DOWNEY</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90241</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001372647</rptOwnerCik>
            <rptOwnerName>Meruelo Alex Living Trust</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>9550 FIRESTONE BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 105</rptOwnerStreet2>
            <rptOwnerCity>DOWNEY</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90241</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </securityTitle>
            <transactionDate>
                <value>2010-08-26</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.165</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7560983</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </securityTitle>
            <transactionDate>
                <value>2010-08-27</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.15</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7570983</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </securityTitle>
            <transactionDate>
                <value>2010-08-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>20000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.13</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7590983</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F8"/>
                    <footnoteId id="F9"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This statement is jointly filed by and on behalf of each of Alex Meruelo Living Trust and Alex Meruelo.  Mr. Meruelo is the
 sole trustee of the Trust and may be deemed to beneficially own securities owned by the Trust.  This statement includes
 shares owned directly by Monterey Insurance Company, Inc.  Mr. Meruelo is the controlling stockholder of Monterey and may be
 deemed to beneficially own securities owned by Monterey.</footnote>
        <footnote id="F2">Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that
 such person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities covered by this
 statement.  Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the
 extent of the pecuniary interest of such person in such securities.</footnote>
        <footnote id="F3">Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the
 purposes of Section 13(d) or 13(g) of the Act.  Each reporting person declares that neither the filing of this statement nor
 anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the
 Act or any other purpose, a member of a group with respect to the issuer or securities of the issuer.</footnote>
        <footnote id="F4">This transaction was executed by or on behalf of the Trust in multiple trades on August 26, 2010 at prices ranging from $3.15
 to $3.18.  The price reported reflects the weighted average price.  Each reporting person hereby undertakes to provide to
 the Commission staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of
 securities purchased at each separate price.</footnote>
        <footnote id="F5">Includes 6,960,983 shares owned directly by the Trust and 600,000 shares owned directly by Monterey.</footnote>
        <footnote id="F6">This transaction was executed by or on behalf of the Trust in multiple trades on August 27, 2010 all at $3.15.</footnote>
        <footnote id="F7">Includes 6,970,983 shares owned directly by the Trust and 600,000 shares owned directly by Monterey.</footnote>
        <footnote id="F8">This transaction was executed by or on behalf of the Trust in multiple trades on August 30, 2010 at prices ranging from $3.12
 to $3.14.  The price reported reflects the weighted average price.  Each reporting person hereby undertakes to provide to
 the Commission staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of
 securities purchased at each separate price.</footnote>
        <footnote id="F9">Includes 6,990,983 shares owned directly by the Trust and 600,000 shares owned directly by Monterey.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Alex Meruelo Living Trust, /s/ Alex Meruelo</signatureName>
        <signatureDate>2010-08-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Alex Meruelo</signatureName>
        <signatureDate>2010-08-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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