Hypercom Corporation (NYSE: HYC) today announced that Chase Paymentech, a leading merchant acquirer and payment processor, has Class A certified Hypercom's PCI PED-approved 32-bit Optimum T4205 card payment terminal.
The device will be made available to Chase Paymentech's strategic partners for sale to the U.S. retail and restaurant markets.
"The T4205 is a sleek entry-level device that delivers superior speed and power with increased memory to support all payment types for single or multiple merchants," said Jennifer Stout, Group Executive Retail Products, Chase Paymentech. "We are pleased to team with Hypercom to provide the market with innovative, sensible, best-value solutions for merchants who want to benefit from electronic payments."
"This is a 'must see' breakthrough product that sets a new industry benchmark for high security entry-level payment terminals and opens the door for more businesses to benefit from electronic payments and digital transactions," said Bernie Frey, Vice President of North American Sales, Hypercom Corporation.
The Optimum T4205 features a compact form factor, clear and intuitive keypad, large 24MB memory and high speed processor for fast transactions and multi-application support, all secured by HyperSafe®32, Hypercom's exclusive RSA-based security infrastructure. The terminal is ideal for smaller retailers and restaurants and can quickly and efficiently process magnetic stripe and contactless debit and credit payments as well as Electronic Benefit Transfer (EBT) and value-added transactions such as gift and loyalty.