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Hypercom Corporation recently announced that Al Rajhi Bank, one of the largest financial institutions in Saudi Arabia and the Middle East, has agreed to purchase more than 4,000 Optimum dial-up and wireless card payment terminals. Hypercom's terminals were selected in competition with other global payment terminal providers. Dial-up, Bluetooth and GSM-enabled terminals will enable the bank to extend its electronic payment services to merchants in the hotel, restaurant, mall/kiosk, hospital and government sectors.

The card payment terminals were supplied by Alhamrani Universal Company, the distributor of Hypercom products in Saudi Arabia and the Middle East. Al Rajhi Bank selected Alhamrani Universal based on the advanced functionality of the Hypercom terminals as well as Alhamrani Universal's high level of technical support, consultancy and training services.

"This contract reinforces Hypercom's strong position in the Middle East, giving us an excellent opportunity to build our already solid market share as the adoption of electronic payments continues to rise throughout the region," said Kazem Aminaee, Senior Vice President and Managing Director, Hypercom EMEA.

The Optimum M2100 wireless terminal is a compact, high-speed, battery-operated device that facilitates fast, secure point-of-sale transactions for restaurants, delivery services, car rental companies, sports stadiums, medical facilities, kiosks and other businesses that require non-stationary payment systems.

"Alhamrani's partnership with Hypercom, together with our professional services and technical support, enable us to provide this internationally-recognized financial institution and its clients with best-in-class technology, service and support," said Tariq Abdat, Chief Operating Officer, Alhamrani Universal.

About Al Rajhi Bank
Al Rajhi Bank is a major name in Saudi Arabia's banking and business world. It has grown from a strong base, focusing on serving the needs of the nation and its citizens, contributing to the Kingdom's construction and development, and always operating within the framework of Shariah principles. Al Rajhi Bank is one of the largest joint stock companies in the Kingdom, with a paid up capital of SR 13,500,000,000. The head office is located in Riyadh and there are six Regional Offices. The Bank has the largest branch network (more than 500 branches) distributed throughout the Kingdom, the largest ATM network (1600 machines) and over 12.000 POS installed with merchants all over the Kingdom.

About Alhamrani
Alhamrani Universal Company is the member of Alhamrani Group of Companies, Alhamrani Universal is the exclusive Distributor in the Kingdom of Saudi Arabia for Diebold and Hypercom, and both are providing total integrated technology solutions for electronic self-service banking and payment systems. Universal is also a security solution provider that covers both Electronic (CCTV, Intrusion Alarms, Access Control, Biometrics) and Physical Security Products and Systems.

About Hypercom
Hypercom Corporation Global payment technology leader 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.

SOURCE: Hypercom Corporation