Hypercom Corporation, a global provider of electronic payment solutions and the largest supplier of point-of-sale (POS) payment systems in Turkey, Wednesday announced an agreement toprovide 10,000 POS terminals and 52 Integrated Enterprise Networking (IEN) nodes to IsBank. This latest agreement increases the total number of Hypercom terminals ordered by this leading Turkish bank during the last two years to more than 25,000, and is in direct support of IsBank’s card acquisition activities.
“Our retail merchants have told us that they prefer the Hypercom terminal because it is extremely reliable, easy to operate, requires minimal counter space and processes transactions extremely quickly” said Mr. Kadir Akgoz, DP Manager, IsBank. In addition to that, Hypercom’s solutions allow us to better protect ourselves against fraudulent transactions because every transaction is authorised reliably on-line. Hypercom is a perfect fit for IsBank’s card acquisition activities.”
Hypercom’s T7P is a compact, high-performance point-of-sale terminal that supports credit and debit card processing. The highly popular terminal speeds up transaction times and helps prevent long queues at the checkout counter. Equally important, the ‘plug and play’ Hypercom T7P is designed to save on cashier training, installation time and costs, processing and settlement time. Upgrades or re-configurations can be handled remotely.
“IsBank and Hypercom are working very closely together to bring the latest international transaction processing solutions to the Turkish market” said Rob Meli, Managing Director of Hypercom Europe. It is a distinct pleasure to provide this leading bank with proven electronic payment solutions.”
IsBank is installing the 52 IEN controllers in regional branches to extend its geographical network coverage and add capacity in those areas experiencing increasing credit and debit card authorisation transactions. Incorporating Hypercom’s advanced IENView(TM) network management system, IsBank can remotely manage all of the nodes from its central computer center.
Hypercom’s POS and networking equipment is being supplied to IsBank by Hypercom’s local Turkish partner, SERVUS. Based in Istanbul, SERVUS is a diverse information technology group providing sales, support and third-party maintenance services for computer systems ranging from mainframes to personal computers. SERVUS has to-date provided over 550 IEN networking nodes and more than 67,000 Hypercom POS terminals to banks and retailers throughout Turkey. Hypercom Corporation (NYSE: HYC) is a global provider of end-to-end software, networking and hardware electronic payment solutions, including multi-functional point-of-sale terminals, peripherals, networking products, Ascendent(TM) payment and transaction software and Internet-based and electronic commerce payment solutions. On a global basis Hypercom delivers the services and technology infrastructure required to quickly integrate and deploy new payment applications. These applications provide competitive value-add programs, improved business performance and lower total cost of ownership.
Headquartered in Phoenix, Arizona, Hypercom markets its products on all continents, with installations in over 60 countries. European sales and support offices are located in the United Kingdom, Hungary and Russia. In addition local EMEA distributors have been appointed in Germany, Poland, Romania, the Baltic States, Ukraine, Yugoslavia, Russia, Turkey, Cyprus, Greece, Mauritius, Egypt, Kenya, Ghana, Bahrain, Jordan, Czech Republic, Croatia, Israel and South Africa. More information on Hypercom and its products can be found at [www.hypercom.com].