| Hypercom announced that Westpac Banking Corporation, one of Australia’s largest financial services organizations by market capitalization, has selected and 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. Hypercom was selected as Westpac’s supplier after a rigorous RFP process. 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 $50M from Hypercom over the five year initial term of the contract. :theflyonthewall.com |
