Hypercom, a company engaged in electronic payment products and services, has signed a worldwide licensing agreement with Global Payments.
Under the terms of the agreement, Global Payments will license Hypercom’s SmartPayments’ Server and Client software products as key technology components of its host electronic transaction processing platform. Financial details are not disclosed.
Hypercom SmartPayments will facilitate Global Payments’ ability to expand quickly in several key markets by providing an infrastructure and total solution that supports retail multi-lane, mobile commerce, IP terminals, an e-commerce virtual terminal solution for card not present, and card present transactions including debit. Finally, Hypercom SmartPayments provides the ability to support integrated plug-ins for Microsoft’s Retail Management System (RMS) and Intuit’s QuickBooks accounting packages.
Michael Reidenbach, chief information officer of Global Payments, said: Hypercom’s best-of-breed SmartPayments solution adds to our world-class transaction processing platform, expands our reach, and gives our merchants a robust, high speed, high security IP, dial & web-based point-of-sale (POS) technology to simplify transaction delivery.