Contactless payments provide key benefits to retailers and consumers in high transaction volume environments where speed is of the essence, including hypermarkets, quick-service restaurants and gas stations. The processing time for contactless transactions is considerably shorter than for contact card transactions, and the added convenience and efficiency this provides is beneficial to both cardholders and merchants. Additionally, the speed provided by contactless technology is projected to help drive the increased use of loyalty and other value-add applications.
Interest in contactless cards and mobile payment programs is increasing in many European countries and various pilots are in progress throughout the region, organized by banks, mobile phone and public transport operators. In France, several major retailers have chosen to upgrade their systems using the Wymix PIN pad in preparation for the upcoming roll out of contactless cards and NFC mobile payment pilots.
“Many of the top retailers in Europe are committed to deploying the most innovative and cost effective electronic transaction solutions in their stores. The speed, security and convenience of contactless payments coupled with Hypercom’s Wynid® Server and Wymix PIN Pad offer the retailer the state of the art in card payment solutions and their customers faster check-out times and an improved payment experience,” said Kazem Aminaee, Managing Director, Southern EMEA, Hypercom Corporation.
Hypercom’s Wymix has already received several other international certifications including MasterCard PayPass®, PCI PED, and EMV Level 1 & 2. For information on Hypercom’s Wymix PIN Pad visit http://www.hypercom.com/products/wymix.asp.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products 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, unattended 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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