US POS payments technology vendor Hypercom Corporation has
notched up a notable success in Central and Eastern Europe (CEE)
with the deployment of a national Hypercom systems-based electronic
payment network in the Czech Republic. The system was established
and is managed by Sonet, a Czech Republic-based payment solutions
provider.
According to Hypercom the network, called HyperNET, is already
being used by three of the top five Czech merchant acquirers,
enabling cross-bank transactions in 183 cities and towns and
enabling more than 2.5 million cardholder transactions per month.
Within the next 12 months, Sonet’s system is expected to allow more
than 7 million bank cardholders in 265 cities and towns to use
their cards at nearly 10,000 Hypercom payment terminals throughout
the country.
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“We selected Hypercom as our network solution provider of choice
for this endeavour because they were able to provide an end-to-end
solution including transaction aggregation equipment and management
software as well as payment terminals,” said Sonet’s GM Jan
Pistelak.
HyperNET utilises Hypercom’s network access controllers (NAC)
and network management systems to facilitate electronic card
payment transactions via Hypercom Optimum dial-up, internet or
wireless connected card payment terminals. For-authorisation
transactions are routed via Global Payments Europe, a
majority-owned unit of US payments processor Global Payments based
in the Czech Republic.
Hypercom followed up its success in the Czech Republic with a
deployment currently underway of its Optimum dial-up, internet and
wireless card payment terminals in Slovakia. The deployment is
being undertaken at retail locations throughout the country for
Slovakian bank Vseobecna uverova banka, a unit of Italian banking
group IntesaSanPaolo and follows the completion of a nationwide
electronic payment network powered by Hypercom’s NACs.
Other notable successes achieved by Hypercom in CEE in 2007
included the delivery of 15,000 of its Optimum card payment
terminals to PrivatBank, a Ukrainian bank.
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