Source: Hypercom Corporation
Hypercom Corporation (NYSE: HYC) today announced that Total Merchant Services, Inc., one of the payment industry's fastest growing privately held Independent Sales Organizations (ISOs), has agreed to purchase a minimum of 25,000 Optimum T4100 multi-application card payment terminals for its precedent-setting free terminal program, and also beta test Hypercom's new Optimum T4220 Ethernet and Dial backup devices.
In conjunction with the multi-million dollar deal, Total Merchant Services has again named Hypercom its preferred provider of card payment terminals.
"This is the latest in a series of significant purchases for our best-of-breed Optimum card payment terminals," said Heidi Goff, President and Managing Director, Americas, Hypercom Corporation. "Total Merchant Services' decision to continue its innovative free terminal program with our Optimum products is particularly gratifying, and a terrific endorsement."
"Hypercom is the consummate professional organization, and the superior quality of their products gives us a distinct competitive edge," said Edward K. Freedman, President/CEO of Total Merchant Services. "We are committed to providing our sales partners and merchants with the very best products, services and support."
Total Merchant Services' innovative "Sell, Lease or Place" Free Terminal Program, notes Mr. Freedman, enables sales partners "to put their residual commissions on overdrive by 'placing' these terminals at merchant locations for free. In addition, to offset the loss of money from not selling or leasing the terminal, our sales partners can earn $200 production bonuses or between $300-$500 in upfront conversion bonus payments on accounts currently processing over $10,000 per month. No matter what our sales partners opt to participate in, we believe it's imperative for them to have choices. That's why we're continuing this highly successful program and letting our sales partners decide what works best for them - sell, lease or place the terminal at the merchant location for free - and we are offering one of the most modern, state-of-the-art, multi-application, dual-comm terminals on the market today," said Mr. Freedman.