Hypercom Corporation (NYSE: HYC) today unveiled its state-of-the-art R3210 contactless reader for payment and value-added transactions such as gift/loyalty, prepaid, ticketing and access control.
The compact, high-performance R3210 features an innovative clip-on, countertop or wall-mount design and easy plug and play setup that allows merchants using Hypercom's Optimum terminals to upgrade their current device to accept mobile payments and other contactless transactions. The R3210 offers fast and secure contactless capability for stand-alone terminals or integrated payment solutions at quick service restaurants, convenience stores, pharmacies, gas stations and newspaper kiosks, as well as sports venues and public transit environments.
"With the R3210, we are introducing an intelligent, smart choice for thousands of merchants that want to improve their customer service and sales volume by accepting contactless payments. Whether they want to invest in contactless technology today or in the future, the R3210 lets them do just that with a reader designed specifically for retailers worldwide," said Olivier Moraillon, PIN Pad and Contactless Global Product Manager, Hypercom Corporation.
Contactless payments provide key benefits to retailers and consumers in high transaction volume environments where speed is of the essence. The processing time for contactless transactions is considerably shorter than for contact card transactions, and the added convenience and efficiency this provides benefits both cardholders and merchants. Additionally, the speed provided by contactless technology is projected to help drive the increased use of loyalty and other value added applications.
Hypercom's R3210 contactless reader meets the latest industry security standards, is powered by a high speed 32-bit RISC-based processor, and incorporates Hypercom's TMS remote software management for unmatched reliability and ease of use. The unit features optional features such as a high contrast backlit display, and dual RS-232 port for extended connectivity.
Separately, Hypercom Corporation (NYSE: HYC) today announced that its Wymix® PIN Pad has received Visa® payWave certification. The Wymix with built-in contactless antenna can be used to process payments made by contactless cards as well as NFC-enabled mobile handsets. The contactless Wymix PIN Pad is deployed with major French retailers.
Contactless payments provide key benefits to retailers and consumers in high transaction volume environments where speed is of the essence, including hypermarkets, quick-service restaurants and gas stations. The processing time for contactless transactions is considerably shorter than for contact card transactions, and the added convenience and efficiency this provides is beneficial to both cardholders and merchants. Additionally, the speed provided by contactless technology is projected to help drive the increased use of loyalty and other value-add applications.
Interest in contactless cards and mobile payment programs is increasing in many European countries and various pilots are in progress throughout the region, organized by banks, mobile phone and public transport operators. In France, several major retailers have chosen to upgrade their systems using the Wymix PIN pad in preparation for the upcoming roll out of contactless cards and NFC mobile payment pilots.
"Many of the top retailers in Europe are committed to deploying the most innovative and cost effective electronic transaction solutions in their stores. The speed, security and convenience of contactless payments coupled with Hypercom's Wynid® Server and Wymix PIN Pad offer the retailer the state of the art in card payment solutions and their customers faster check-out times and an improved payment experience," said Kazem Aminaee, Managing Director, Southern EMEA, Hypercom Corporation.