Hypercom, a global provider of electronic payment solutions, announced Tuesday that it is expanding its European presence and is entering the German payments market.
Hypercom has selected INTERNET A.G., a respected German payments technology solution provider as a distributor to introduce Hypercom’s end-to-end payment solutions to banks, third-party processors and merchants in Germany. Hypercom’s entry into the German payment market extends the number of European countries Hypercom now operates in to 12, and more than 60 countries worldwide.
Rob Meli, Managing Director of Hypercom Europe commented: “We are pleased to announce the availability of Hypercom’s point-of-sale electronic payment solutions to Germany’s business community and delighted that INTERNET A.G. will be distributing our products. INTERNET A.G. has been supporting point-of-sale terminals, providing telemarketing in-and outbound services, and help desk and installation services. This highly-respected distributor has the logistical and technical expertise and market awareness to bring Hypercom’s innovative solutions to the German marketplace.”
INTERNET A.G. will sell and support Hypercom’s end-to-end family of electronic payment products, including the company’s ICE interactive touch-screen, consumer-operated point-of-sale (POS) terminals, networking systems and the Ascendent(TM) family of payment and data transaction processing and Internet payment software.
Hypercom’s recently-announced ICE 5000 terminal is the first multi-function touch-screen smart card terminal with integrated high security PIN Pad, FastPOS 9600 baud modem, electronic signature capture, high-speed thermal printer and automated paper cutter. The intuitive touch-screen simplifies operations, reduces training costs and allows banks to quickly deploy new payment applications.
“The need to offer new payment services, limit fraud, lower transaction costs and differentiate service offerings is leading German banks to develop new card-based payment systems and expand the number of POS terminals. In comparison to France and the UK, Germany has far fewer terminals and that represents significant opportunities and benefits for payment solution providers and users alike,” according to Rob Meli.
“It’s not just the potential for traditional payment locations that excites us about the German market, but also the rapid development of virtual shopping,” continued Mr. Rob Meli. “The payment options and loyalty programs that are now available on main street also have to be accessible to the Internet shopper. We have chosen INTERNET A.G. because of their experience in this area. They are ideally-positioned to support payment transactions over the Internet with Hypercom’s Ascendent Internet Commerce solutions.”
Andrew Tiedeman, the Managing Director of INTERNET A.G., comments: “Hypercom brings both state-of-the-art payment technology and global experience to the German POS market. German banks, retailers and third-party processors will be able to gain differentiation and business advantages by adopting these new payment solutions.”
About Hypercom Corporation
Hypercom (NYSE: HYC) is a global provider of electronic payment solutions, including innovative point-of-sale terminals, network products and Ascendent transaction processing software solutions. On a global basis Hypercom delivers the services and technology infrastructure required to quickly integrate and deploy new payment and added value applications to improve business performance and lower total cost of ownership.
Headquartered in Phoenix, Arizona, USA. 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 Poland, Romania, the Baltic States, Ukraine, Yugoslavia, Russia, Turkey, Cyprus, Greece, Mauritius, Egypt, Kenya, Ghana, Bahrain, Jordan, Israel and South Africa. Further information on Hypercom and its products can be found at [www.Hypercom.com]
About INTERNET A.G.
INTERNET A.G. was founded in 1994 and is located in Frankfurt, Germany. A Full Solution Provider, the company offers a variety of custom-made solutions ranging from Internet Access, Firewall Systems, Network Solutions, Web Storefront Development, through to Electronic Commerce and Payment on the Internet. Through its Electronic Commerce Competence Center, Internet A.G. promotes, implements and supports all payment solutions that prove beneficial to client merchant by defining the business requirements for customers, technical implementation and providing support. INTERNET A.G. has offices in Frankfurt, Hamburg, Weinheim and Munich. Further information about the company and its products can be found at .