Hypercom Corp. said it is helping one of the largest commercial banks in Ukraine to build a national network for credit and debit card processing.

Hypercom has supplied PrivatBank with network equipment and 1,000 point of sale terminals. A Hypercom IEN 6000 network controller will be installed at the bank's main computer center in Dnepropetrovsk, and smaller IEN 2500 models will be installed at 16 bank branches.

Nikita Volkov, deputy chairman of PrivatBank, said Hypercom's equipment "will allow us to complete our upgrade to corporate TCP/IP communications, experience significant cost savings, and gain complete control of the transaction delivery process."

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