Hypercom Joins Visa Smart Breakthrough Acceptance Device Program

Thursday 4 November 2004 19:41 CET | News

Hypercom Corporation, has joined the Visa Smart Breakthrough Acceptance Device program. Hypercom will offer their T7Express Breakthrough terminal aimed at facilitating and accelerating worldwide EMV migration and improving the chip business case for Visa member banks.

Visa selected Hypercom based on several factors, including product features that conform to the global EMV standard for chip credit and debit cards, customer focus, and worldwide presence. The T7Express Breakthrough terminal is being offered to Visa members at an attractive price that includes a full EMV core library, as well as support and service warranties. Since the introduction of the Visa Smart Breakthrough Acceptance Device program in 2002, the migration of POS terminals has increased more than 100 percent, from 750,000 to more than two million in 2004. Meanwhile, the number of Visa EMV smart cards has continued to grow significantly from 52 million two years ago to 106 million today. The terminal products offered under the Visa Smart Breakthrough initiative provide advanced functionality at the point-of-transaction and form an important part of Visa’s strategy for infrastructure migration. They are aimed primarily at geographic markets outside the U.S. and banks that are migrating to Visa Smart Debit/Credit. Visa has also made available a smart card add-on product for those member banks that wish to upgrade their existing magnetic stripe terminals.

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Categories: Payments & Commerce | Cards
Countries: World
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