Global payment technology leader Hypercom Corporation (NYSE: HYC) today announced that Hypercom distributor Alhamrani Universal (AU) has ordered 5,000 ICE 5500Plus and 5,000 S9 card payment devices for Saudi Arabia's major banks. This marks the largest one-time order ever for Hypercom Middle East.
"For AU it's all about partnering with a strong global company that has proven experience in EMV, secure payment technology and superior performance to enable us to offer the Saudi market the best customer solution that makes good economic sense," said Tariq Abdat, executive vice president, AU. "We have worked with Hypercom for many years. We know that Hypercom's transaction technology is smart, fast, secure and reliable. Additionally, Hypercom's technology and EMV-certifications make these transaction devices very easy to use."
"Leading financial institutions and retailers globally know that Hypercom is the clear choice, the intelligent choice, outpacing all competitors with innovative, complete and superior transaction solutions," said Mr. Aiman Mazahreh, executive director, STS. "AU's excellent reputation in the Saudi market, coupled with their visionary leadership, Hypercom technology and strong sales & technical support team, makes them the undisputed leader in the point-of-sale/point-of-transaction market in Saudi Arabia."
"Businesses worldwide recognize that Hypercom's intelligently integrated, revenue-generating transaction technology solutions help our customers and their customers speed the check-out line and boost the profit line, and we are pleased to announce this latest order," said Ted Satchell, president, Hypercom's EMEA region.
The strong support from STS, Hypercom's master distributor in the Middle East, as well as Hypercom's MEA office in Dubai Internet City has assisted AU's expansion in the Saudi point-of-sale market. AU's clients include The National Commercial Bank, Arab National Bank, Al Rajhi Banking and Investment Corporation, Riyad Bank, The Saudi British Bank and Saudi Hollandi Bank. AU plans to roll out Hypercom's technology to each of these prestigious banks for installation at the banks' merchant customer sites.