18 October 2017
Register now

Saudi Arabia's Alhamrani Universal orders Hypercom payment terminals

08 December 2004  |  1792 views  |  0 Source: Hypercom Corporation

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.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.innotribe.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15079 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8303 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7778 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7177 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6341 views comments | 8 tweets | 16 linkedin

Featured job

A minimum of £200K (not a limiting factor)

Find your next job