euroConex Selects Hypercom for Chip & PIN Roll-Out in Ireland

Thursday 4 November 2004 20:36 CET | News

euroConex has awarded Hypercom Corporation a US$4 million contract to lead the changeover of card payment technology in Ireland.

Over 150 million point-of-sale card payment transactions annually, now conducted via magnetic stripe cards and signatures, will be migrated to chip and Personal Identification Numbers (PIN)card transactions using Hypercoms ICE 5500 & HFT 106 terminal technology. The first Chip and PIN transaction in that country using Hypercoms ICE card transaction technology occurred at the Nas na Riogh Bookshop, in Naas/Newbridge. That transaction used a UK Switch Card taken as International Maestro on Hypercoms ICE 5500 card payment terminal and HFT 106 PIN pad. The Naas/Newbridge launch of Chip & PIN was the first phase of a national roll out that is now in full swing, helping to protect against fraudulent transactions. The roll-out is in-line with the international shift towards more stringent card security standards and the industry-mandated migration to EMV card technology.

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Categories: Payments & Commerce | Payments General
Countries: World
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