Hypercom Wins $50 Million Contract

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Westpac Banking Corporation has awarded Hypercom a five year product and services supply contract valued at up to $50 million.
 
Westpac Banking Corporation, one of Australia’s largest financial services organisations, will deploy  thousands of Optimum T4200 countertop terminals to merchants throughout Australia.  Under the terms of the five year agreement, Hypercom will also service Westpac’s entire installed base of more than 80,000 terminals.  The T4200 terminal roll out, one of the payment industry’s largest ever in the region, will commence in early 2010. The parties estimate that Westpac will purchase terminals and services valued at approximately $50 million from Hypercom over the five year initial term of the contract.
 
“Westpac Banking Corporation is highly respected for its leadership, performance, innovation and unwavering singular focus on its customers.  Their decision to switch to Hypercom represents a huge market share gain for the company in Australia and New Zealand, considerably expands our footprint, and is a superb endorsement of our company and our products,” said Jacques-Herve Maupin, Managing Director, Hypercom Asia Pacific.
 
Hypercom’s Optimum countertop and mobile series has received PCI PED security approval, MasterCard Worldwide Payment Terminal Security approval for IP and wireless communication and EMV Level 1 & 2 certifications for chip card transactions. All models share the same platform, user interface and software toolkit to maximise efficiency, application portability and offer customers a broad range of options to serve any market need.