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Al Rajhi Bank orders 4000 Hypercom wireless payment terminals

09 May 2007  |  2593 views  |  0 Source: Hypercom

Hypercom Corporation (NYSE: HYC) today announced that Al Rajhi Bank, one of the largest financial institutions in Saudi Arabia and the Middle East, has agreed to purchase more than 4,000 Optimum dial-up and wireless card payment terminals.

Hypercom's terminals were selected in competition with other global payment terminal providers. Dial-up, Bluetooth and GSM-enabled terminals will enable the bank to extend its electronic payment services to merchants in the hotel, restaurant, mall/kiosk, hospital and government sectors.

The card payment terminals were supplied by Alhamrani Universal Company, the distributor of Hypercom products in Saudi Arabia and the Middle East. Al Rajhi Bank selected Alhamrani Universal based on the advanced functionality of the Hypercom terminals as well as Alhamrani Universal's high level of technical support, consultancy and training services.

"This contract reinforces Hypercom's strong position in the Middle East, giving us an excellent opportunity to build our already solid market share as the adoption of electronic payments continues to rise throughout the region," said Kazem Aminaee, Senior Vice President and Managing Director, Hypercom EMEA.

The Optimum M2100 wireless terminal is a compact, high-speed, battery-operated device that facilitates fast, secure point-of-sale transactions for restaurants, delivery services, car rental companies, sports stadiums, medical facilities, kiosks and other businesses that require non-stationary payment systems.

"Alhamrani's partnership with Hypercom, together with our professional services and technical support, enable us to provide this internationally-recognized financial institution and its clients with best-in-class technology, service and support," said Tariq Abdat, Chief Operating Officer, Alhamrani Universal.

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