Westpac banking corporation, an Australia-based financial services organization, has chosen Hypercom 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.
The T4200 terminal roll out 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.
Jacques-Herve Maupin, managing director of Hypercom Asia Pacific, said: “Westpac Banking Corporation is highly respected for its leadership, performance, innovation and unwavering singular focus on its customers. Their decision to switch to Hypercom represents a huge market share gain for the company in Australia and New Zealand, considerably expands our footprint, and is a superb endorsement of our company and our products.”
