PHOENIX, AZ and TORONTO, CANADA (November 6, 2007) Keycorp will distribute Hypercom’s new countertop, mobile and multi-lane Optimum payment solutions throughout Canada.  The agreement follows Interac Association Device Certification of Hypercom’s new Optimum T4200 electronic payment terminals.

“Keycorp’s goal is to provide Canada’s acquirers and retailers with software and service solutions through our Managed Payment Services Program, and this requires us to take advantage of the highest security and broadest feature set available in card payment terminals and PIN Pads. We are doing just that with Hypercom’s new Optimum product family,” said Joe Bonin, Senior Vice President, Keycorp Canada.

Keycorp has been providing payment solutions to the Canadian payment market since the early 1990’s and has recently expanded its business in Canada by acquiring Canada’s largest service provider to the payments industry.

“We are focused squarely on capturing market share in high growth geographies and we are doing it with an exceptional range of services and secure PCI-certified products and solutions sold and supported by the right professionals in the right geographies,” said Lisa Shipley, Senior Vice President and General Manager, Hypercom North America. “Our strategic agreement with Keycorp is directly in line with that strategy, and it will strengthen our ability to more quickly deliver the very best solutions to the Canadian market.”

Hypercom said the use of payment cards and terminals is escalating rapidly throughout Canada, and the installed base of point-of-sale terminals now exceeds 600,000. That figure is expected to grow at a minimum rate of 6% per year. This growth excludes the terminal refresh requirements to meet EMV requirements.



Source: Hypercom (www.hypercom.com)

Keycorp (www.keycorp.net)