LoopPay
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VeriFone Expands Internationally Through Hypercom Legacy
VeriFone has integrated Hypercom international distributors into the VeriFone International Partner (VIP) program, giving distributors access to support resources and a wide array of technology to enhance their ability to deliver the latest payment solutions to their markets. Having completed the Hypercom acquisition August 4, Verifone is now aggressively welcoming Hypercom’s international distributors into the VIP program and work with them to accelerate international growth, increase innovation and build value. VeriFone has revealed plans to grow and enhance all major product lines that existed prior to completing the acquisition and bolster them with the strong VeriFone global brand identity. The VIP program offers Hypercom distributors a wide range of services including in-depth product and sales training and web-based access to exclusive strategic, product and technology information.
DOJ Settles Verifone-Hypercom Acquisition
The Department of Justice announced in order for VeriFone Systems to complete its acquisition of Hypercom, it must divest Hypercom’s United States POS terminals business to an entity sponsored by Gores Group. The department said that the divestiture should eliminate the merger’s potential to harm competition in the sale of POS terminals. Shortly after the…
VeriFone-Hypercom Acquisition Inches Closer to Completion
VeriFone Systems is closer to completing the acquisition of Hypercom Corporation, for which it reached a settlement with the U.S. Department of Justice. Representing expansive geographical, product and services diversification, Hypercom’s presence in a number of important markets will allow VeriFone to accelerate overseas growth, increase innovation and build value for customers, employees and shareholders.…
But Not So Fast…
The Department of Justice announced in order for VeriFone Systems to complete its acquisition of Hypercom, it must divest Hypercom’s United States POS terminals business to an entity sponsored by Gores Group. The department said that the divestiture should eliminate the merger’s potential to harm competition in the sale of POS terminals. The department filed a lawsuit on May 12, 2011, in United States District Court for the District of Columbia, alleging that the proposed transaction would eliminate important competition in the sale of POS terminals and that a proposed divestiture to the only other significant provider of POS terminals, Ingenico, did not remedy the competitive concerns with the merger. VeriFone and Hypercom together control more than 60 percent of the United States market for the POS terminals used by the largest retailers. The department filed a proposed settlement, which requires the divestiture to the Gores Group that, if approved by the court, would resolve the competitive concerns of the lawsuit. To remedy the department’s competitive concerns, VeriFone and Hypercom will be required to sell Hypercom’s United States POS terminals business to Gores.
Hypercom UK and Spain Acquired by Spire Payments
KleinPartners Capital acquired Hypercom Spain S.A. and Hypercom UK to launch Spire Payments, for which it has appointed Kazem Aminaee President. The Company will retain all of its Spanish and UK management teams as well as nearly 200 staff and existing premises. The new business has the exclusive sale rights to Hypercom’s range of Optimum and Artema Modular products in the UK and Spain. Spire Payments is an independent supplier of payment solutions and with this development, consolidates its position in the respective markets.
Avant-Garde Implements Hypercom Mobile Solutions
Avant-Garde Marketing Solutions ISO is now marketing Hypercom’s “Optimum M4230” multi-application mobile payment terminal and Mobile Network service to its thousands of merchant customers nationwide. The “M4230” mobile terminal with Hypercom’s Mobile Network is being marketed as an affordable bundled solution that increases businesses’ revenue by enabling them to extend their payment acceptance reach beyond fixed locations. The Mobile Network service features simple, usage-based billing with no roaming charges, no additional transaction fees, fast and simple browser-based SIM activation, and 24/7 technical support from a single, secure, reliable source.
Collective POS to Implement Hypercom POS
Collective Point of Sale Solutions payment processing services has selected and will deploy at least 2,000 Hypercom “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 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.
Collective POS Selects Hypercom P.O.S. Terminals
Collective Point of Sale Solutions payment processing services and secure POS solutions selected and will deploy at least 2,000 Hypercom “Optimum T4220” countertop POS terminals with the “SPOS32” magnetic stripe and EMV software application, along with Hypercom’s “Term-Master Suite” terminal management software system. Hypercom’s PCI-approved and Interac-certified “Optimum” fixed countertop and mobile payment terminals 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. Collective Point of Sale Solutions aims to provide entrepreneurs and owners of small to medium-sized businesses affordable, convenient and more customized alternatives to the debit and credit card processing services.
Global Blue Deploys Hypercom Payment Solutions
Hypercom partnered to market Global Blue’s “OneInterface” payment integration tool and Hypercom’s payment systems to retailers around the world. The Global Blue “OneInterface” systems integration tool streamlines and simplifies the way in which retail POS business systems connect to payment devices, such as those offered by Hypercom. It ultimately relieves POS business system of payment-related responsibilities such as device and estate management, processor and gateway communication, and most importantly PCI scope. Devices such as the Hypercom Optimum T4220 receive smart commands from the “OneInterface” app and send authorization and settlement messages directly to the processor or bank.
SecuTrans to Implement Hypercom EMV Payment Application
SecuTrans Bank Card Service credit and debit card merchant service provider is set to deploy Hypercom’s “Optimum” countertop and mobile payment systems with SPOS32 MSR/EMV software application. The PCI approved and Interac-certified “Optimum” fixed countertop and mobile payment terminals in Canada include the Optimum T4210 (dial), T4220 (Ethernet with dial), T4230 (GPRS with dial) countertop and M4230 GPRS and M4240 Bluetooth mobile card payment terminals. SecuTrans Bank Card Service has become a solid ISO in Canada to offer secure, flexible and affordable bankcard processing products and services.
SecuTrans to Run Hypercom EMV Payment App
SecuTrans Bank Card Service credit and debit card merchant service provider is set to deploy the Hypercom “Optimum” countertop and mobile payment systems with “SPOS32 MSR/EMV” software application to its merchant customers. This was selected in head-to-head competition with other global payment providers for undisclosed financial terms. The PCI approved and Interac-certified Optimum fixed countertop and mobile payment terminals in Canada include the Optimum T4210 (dial), T4220 (Ethernet with dial), T4230 (GPRS with dial) countertop and M4230 GPRS and M4240 Bluetooth mobile card payment terminals. SecuTrans Bank Card Service cooperates with industry leaders and offers secure, flexible and affordable bankcard processing products and services to Canadian merchants.