Raiffeisen International Rolling Out 30,000+ Hypercom Terminals Throughout Eastern Europe
Technology to Bring Fast and Secure Card Transactions to 15 Countries
PARIS, Nov 19, 2009 (AllPayNews) -- CARTES & IDentification 2009 - Hypercom Corporation (NYSE: HYC) today announced that Vienna-based Raiffeisen International Bank-Holding AG, part of RZB Group and one of Central and Eastern Europe's leading banking groups, has selected and is deploying over 30,000 high security Optimum card payment terminals and PIN entry devices to thousands of merchants in 15 Eastern European countries. Raiffeisen International has also purchased Hypercom Network Access Controllers (NACs) to optimize transaction delivery to the bank host system.
The roll out represents a very important deal for Hypercom and its network of authorized distributors who will play a key role in supplying and supporting the Optimum terminals.
"By combining our Optimum payment terminals and MegaNAC(R)180 network access controllers, Raiffeisen International is able to ensure the fast and secure acceptance of electronic transactions for thousands of retailers across Eastern Europe," said Kazem Aminaee, Managing Director, Southern EMEA, Hypercom Corporation. "With this agreement, we further strengthen our position in this strategically important region."
"With Hypercom's high speed, high performance payment terminals we can develop our card payments business with merchants in 15 countries in Central and Eastern Europe, providing them with the highest levels of security and service," said Heinz Wiedner, Chief Operating Officer, Raiffeisen International.
Hypercom's high security Optimum T4200/M4200 product family consists of 13 powerful, 32-bit, multi-application devices that share the same platform, user interface and software toolkit to maximize efficiency, application portability and offer customers a broad range of communication options to meet the needs of diverse market segments.
Hypercom's MegaNAC(R)180 POS concentrator supports a wide range of protocols, including TCP/IP, X.25 and Frame Relay. Fault tolerant, multi-function MegaNAC(R)180 units can be interconnected to form high performance intelligent networks that ensure fast POS transactions, efficient software downloads and batch uploads.
For additional information on Hypercom's high security products please visit http://www.hypercom.com/products.
About Raiffeisen International (www.ri.co.at)
Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group's nearly 59,000 employees service around 15 million customers via more than 3,100 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.
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