Australia's Westpac has signed a five year, US$50 million contract with Hypercom for the provision and maintenance of thousands of payment terminals.
The deal will see Optimum T4200 countertop terminals installed at merchants throughout Australia. Hypercom will also service Westpac's entire installed base of more than 80,000 terminals.
The roll-out will commence in 2010.
Jacques-Herve Maupin, MD, Asia Pacific, Hypercom, says the contract was won following a rigorous RFP.
He says Westpac's decision to switch to Hypercom "represents a huge market share gain for the company in Australia and New Zealand".