Hypercom Corporation (NYSE:HYC) today announced that Collective Point of Sale Solutions Ltd., a major Canadian provider of payment processing services and secure point-of-sale solutions, has selected and will deploy a minimum of 2,000 Optimum T4220 countertop point of sale terminals with the SPOS32 magnetic stripe and EMV software application.
Collective POS has also selected Hypercom's Term-Master® Suite terminal management software system to streamline terminal set-up and management. Hypercom's systems were selected in head-to-head competition with other global payment device providers.
"Flexibility and security are essential in payment processing technology. The addition of Hypercom's Optimum technology to our current product selection of secure POS terminals will now allow us to split and transmit EMV credit card and EMV debit card transactions to multiple payment processors based on our least costly processing options. Term-Master® Suite lets us securely control and manage these options, helping us maintain flexibility with our merchants and deliver enhanced services at a lower cost," said Michael Back, President & CEO, Collective POS.
"Collective POS is a dynamic and influential technology leader in Canada. Their selection of Hypercom broadens our market reach and validates our products' advanced security, features and flexibility," said Brent Smith, Country Manager, Hypercom Corporation.