Hypercom (NYSE: HYC) today announced that Athens-based EFG Eurobank has selected Hypercom as one of its short listed vendors for card payment and networking devices.
The banking group has purchased more than 5,000 Optimum T2100 dial and IP-enabled card payment terminals plus multiple networking devices over the last nine months as part of a major expansion of its regional payment network throughout Central and Eastern Europe.
The number of Hypercom terminals in Eurobank's transaction payment network in Greece has reached 30,000 units, which represents more than 50% of Eurobank's total terminal installed base. Eurobank's electronic payment network also uses Hypercom's networking devices to route transactions to their central host in Greece and the other countries in which they operate. As a result Eurobank has been able to extend its electronic payment service to merchants throughout Central and Eastern Europe.
The purchase agreement was secured by Altius-IT Solution, the distributor of Hypercom products in Greece, Cyprus and Bulgaria. System integration and implementation support, including software development, network design, support and field services, are being provided by Hypercom's authorized service partners strategically located in Bulgaria, Serbia, Romania, Cyprus and Greece.
"This contract is a major step forward for Hypercom in this region and another solid win for the Optimum T2100, which delivers a first-class product in terms of both transaction speed and security," said Kazem Aminaee, Senior Vice President and Managing Director, Hypercom Emea.
The Optimum T2100 is a high-speed countertop terminal based on a 32-bit RISC processor with 12 megabytes of memory, with dial, Ethernet and GPRS communications options to speed installation and ease migration. It also features EMV 4.0 and Visa PED certification with Triple DES, SSL and RSA cryptographic support and a secure casing to deliver the tightest security and durability.
Hypercom's IEN networking devices feature a chassis fitted with ISDN and IP cards for transaction concentration and routing from terminals from any manufacturer to a central host.
"Hypercom is now one of our short listed vendors for electronic payment and transaction networking solutions that give the Bank competitive advantages to penetrate and win in the local market. Our cooperation with Altius has further enhanced our presence in Greece and abroad with the development of new services," said George Kotsolakis, General Manager of Eurobank Cards.
"By working together with Hypercom, we have been able to migrate to the new multi-functional POS terminals supporting the payment, loyalty, Alphyra top-up and service applications for Eurobank in Greece and other Eurobank markets. Hypercom's IEN solution for point-of-sale networking is the key element in our service strategy for Eurobank in the future," said Petros Petrou, Managing Director of Altius-IT Solution.