Collective POS Selects Hypercom Optimum T4220 P.O.S. Terminals for Canadian Merchants
Scottsdale, Ariz., and Toronto, ON, – 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.
Hypercom’s PCI-approved and Interac-certified Optimum fixed countertop and mobile payment terminals for Canada include the Optimum T4220 (Ethernet with dial), Optimum T4210 (dial), T4230 (GPRS with dial) countertop and M4230 GPRS and M4240 Bluetooth mobile card payment terminals.
Every Optimum terminal includes Hypercom’s full X509 PKI (public key infrastructure) HyperSafe® Secure security layer.
About Collective Point of Sale Solutions Ltd.
Collective Point of Sale Solutions Ltd. (Collective POS) is Canada’s choice for payment processing and merchant services. Founded in 2001 by President, Michael Back, the company’s mission is to provide entrepreneurs and owners of small to medium-sized businesses with affordable, convenient and more customized alternatives to the debit and credit card processing services currently offered by major banks and other payment processors.
Collective POS serves more than 10,000 businesses across Canada, including retail stores, restaurants, hospitality providers, mobile services, e-commerce merchants, mail order/telephone order businesses, professional firms/clinics/practitioners, B2B product/service providers, tradespeople and many other industries.
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions 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, self-service 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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Hypercom, Term-Master, Hypersafe and Optimum and Design are registered trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.
This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding market acceptance of new products, product capability and performance, product competitiveness, product sales, revenues and profits and market share. These forward-looking statements are based on management’s current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include: industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers, contract manufacturers and subcontractors; risks associated with international operations and foreign currency fluctuations, the state of the U.S. and global economies in general, risks associated with the Company being merged with and into VeriFone Systems, Inc. as contemplated by a definitive merger agreement between the companies, and other risks detailed in our filings with the Securities and Exchange Commission, including the Company’s most recent 10-K, as amended, and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.
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