Hypercom Corporation today announced that it has signed a $7 million contract with Lynk Systems, Inc. Based in Phoenix, AZ, Hypercom is a leading supplier of point-of-sale (POS) payment systems, enterprise networking solutions and client/server transaction processing software.
Under the terms of the 12-month agreement, Hypercom will supply Lynk with T7 Series POS terminals, primarily the T7P and T77. Hypercom also will provide PIN Pads, such as the S8 Secure PIN Pad, which is a cost-effective debit solution for all T7 series terminals. The total number of units involved exceeds 30,000.
Lynk will market the Hypercom POS solutions nationwide to its customers, which include hotels, restautants and retail outlets. Lynk also will provide all support services for Hypercom products. Hypercom backs its terminals with a best-in-industry five-year terminal warranty.
The contract represents a strengthening of the business relationship between Hypercom and fast-growing Lynk, best known as a single-source provider of electronic payment processing solutions. Based in Atlanta, Lynk has more than 200 management and technical personnel and 500-plus sales agents operating from 25 direct sales offices throughout the United States.
“In successful business relationships, momentum builds overtime.” said John Marshall, Senior Vice President of Sales and Marketing, Hypercom POS US/Canada. “Our association with Lynk to date clearly has been win-win. With the signing of this contract, Hypercom looks forward to increasing our contribution to Lynk’s success and vice versa.”
“Lynk continues to be a valued partner for Hypercom by being pro-active throughout the product cycle. Lynk works side-by-side with Hypercom to develop software that runs on our terminals and meets the needs of Lynk’s customers. Once solutions are ready, Lynk depolys and support them.” said Ed Davis, Vice President of Sales-Southeast Region, Hypercom POS US/Canada.
Lynk’s Vice President of Sales, Wayne Damron, said, “Hypercom believed in us early on and the cooperation between our two companies has helped propel our growth. Hypercom’s quality support and product line has aided in the distinct differentiation we offer our ever-expanding customer base.”
Lynk supports the payment processing needs of virtually all industry types. The Lynk product/service family includes credit card processing, ATM/debit card processing, check verification and guarantee, end user hardware sales and services, and ATM and Scrip terminal sales and service.
Members of Hypercom’s T7 Series of terminals, the T7P and T77 both have an integrated, modular printer. A thermal or friction printer is available on the T7P. A thermal, sprocket of friction printer is available on the T77. Both terminals also have a small footprint, easy-to-learn/use 35-key keyboard, under 10-second dial response time and vast memory, including 32k EPROM and base RAM of 256K RAM.
Hypercom’s S8 Secure PIN Pad can be configured in three ways — to support standalone and networked T7 Series terminals as well as electronic cash registers.
Lynk Systems, Inc.
Atlanta-based Lynk Systems, Inc. is an integrated provider of payment services, cash dispensing services and other related value-added products and services. Lynk operates using internally developed, proprietary processing systems and technologies and differentiates itself by focusing on a single source approach to serving its customers.
Lynk’s customers include small to mid-sized merchants in retail, restaurant, grocery and lodging enviornments. Lynk also enters into marketing relationships with independent distributors and financial institutions to handle the processing needs of their merchant bases. Lynk processes over 4.5 million transactions a month, providing payment processing solutions to over 35,000 merchants and 125 banks and cash advance services in over 5,000 locations nationwide.
Hypercom Corporation is a leading supplier of point-of-sale (POS) payment systems and enterprise networking solutions. The company also produces Pinnacle client/server transaction processing software. Headquartered in Phoenix, AZ, Hypercom’s products are sold in more than 50 countries worldwide. Hypercom Corporation consists of four divisions: Hypercom POS US/Canada, Hypercom International, Hypercom Network Systems and Hypercom Manufacturing Resources. Hypercom’s common stock is traded on the New York Stock Exchange under the symbol “HYC”.Details