News
Mashreq Selects Hypercom's Optimum M4100 Blade
Hypercom Corporation (NYSE: HYC) today announced that Mashreq psc, one of the leading banks in the United Arab Emirates (UAE), has selected and will deploy Hypercom’s Optimum M4100 (the “Blade”) at retail locations throughout the country. Hypercom’s PCI-approved, mobile credit/debit terminal was selected in competition with other global card payment terminal providers. The M4100 will enable the bank to extend its electronic payment services to mobile merchants and others requiring secure anytime, anywhere portable and/or non-wired payment and authentication capabilities.
The palm-sized, high speed, 32-bit wireless signature capture devices will be supplied by Computer Network Systems (CNS), a sub distributor of Specialized Technical Services (STS), Hypercom’s Master Distributor in the Middle East. The purchase marks the first deployment in United Arab Emirates of the payment industry’s first truly mobile credit/debit terminal designed to comply with global security standards.
“With the M4100 Blade, we harness the power and flexibility of true wireless payments for retailers and other businesses who until now, had to lug around countertop-sized devices or quasi-mobile units that lack full functionality and easy use,” said Tony Alam, Managing Director, Computer Network Systems.
“This device brings an entirely new, smart, fast, easy-use and highly intelligent dimension to electronic payments. Mashreq has always pioneered change by investing in new and cutting edge technology. With this belief, combined with STS and CNS’ vast expertise in our region and Hypercom’s global reputation for trusted high security transaction products, we’ve formed a strong alliance to provide this new device to the market,” said Nabeel Malik, Retail Banking, Mashreq.
“Mashreq serves thousands of merchants, fifty percent of all the households, maintains the largest customer base in the UAE, and is recognized throughout the region for its unrelenting pursuit of excellence. Their selection of the M4100 against quasi-competitive devices speaks for itself, and strengthens our already strong position in the Middle East,” said Kazem Aminaee, Managing Director, Hypercom EMEA.
Weighing in at just over 200g and measuring 12.67cm (4.9 inches) long, 6.93cm (2.7 inches wide), and 2.92cm (1.15 inches) deep, the M4100 Blade is a fraction of the size of competitive models, is battery operated, and requires no external battery or modem. These features eliminate size and weight problems that make other wireless units impractical for use in mobile scenarios. The M4100 Blade is also a rugged terminal that incorporates a top-of-the-line high-contrast color touch screen, accepts magnetic stripe and smart cards, and offers a contactless reader, clip-on printer and docking station.
Additional resources: http://www.hypercom.com/products/m4100.asp
About Mashreq (www.mashreq.com/UAE)
Mashreq is the largest private bank in the UAE. It is also the country’s second oldest commercial bank, having originally been established as Bank of Oman Ltd in 1967.
Throughout its history the bank has pioneered many of the products, services and technologies that customers now take for granted, such as travelers’ cheques, credit cards and ATMs. It was the first bank in the UAE to provide Merchant Acquiring (card acceptance) services and has the largest network in the Middle East with more than 9000 merchants using the bank's most advanced EMV compliant POS terminals. The bank is also one of the few to provide e-commerce solutions to merchants looking at doing on-line business.
Mashreq has 47 Branches strategically distributed throughout the UAE and Qatar with plans for rapid expansion in Bahrain, India, Egypt, Hong Kong, the United Kingdom and the United States. It is ranked amongst the fastest growing banks in the Middle East region and is highly regarded for its professionalism and progressiveness.
It has received numerous awards, particularly for quality management, and has more ISO certifications than any bank in the region by a wide margin.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The company’s solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits.