Hypercom Corporation (NYSE:HYC) today announced that Westpac Banking Corporation, one of Australia's largest financial services organizations by market capitalization, has ordered and will deploy 15,000 Hypercom Optimum countertop terminals to merchants in Australia.
The deployment places Westpac in a local market-leading position. No other Australian bank currently offers a terminal with mains power connectivity (ie: GPRS or Ethernet connectivity) without the added cost of a phone line. The new Westpac Hypercom product offering features include a terminal of this type, plus a mains-powered, phone line-connected countertop terminal and a battery-powered mobile terminal.
The multi-million dollar Westpac order is the first of several purchases and deployments planned under the terms of a five-year agreement between Westpac and Hypercom announced in November 2009. Additionally, Hypercom, through its wholly owned subsidiary ACG, has in the last two months started providing service and support to Westpac's entire installed base of more than 80,000 terminals.
"Westpac Banking Corporation is highly respected for its leadership, performance, innovation and unwavering singular focus on its customers. Their rollout of Optimum terminals represents a significant market share gain for Hypercom in Australia and New Zealand, considerably expands our footprint, and is a superb endorsement of our company and products," said Jacques-Herve Maupin, Managing Director, Hypercom Asia Pacific.