The Bank of the Philippine Islands has selected Hypercom Corp. to provide terminals for its card-payment systems, the Scottsdale, Ariz.-based terminal maker announced Dec. 21.
The bank will begin rolling out “thousands of Hypercom Optimum payment systems to merchants across the country” over the next several years, Hypercom said in a regulatory filing.
Bank of the Philippine Islands’ “selection of Hypercom is a vote of confidence for our company, speaks of our products’ competitive advantages and reinforces our footprint in this important market,” said Jacques-Herve Maupin, Hypercom’s Asia Pacific managing director, in the regulatory filing.
The bank has about 800 branch offices across the country.
Hypercom recently agreed to a deal in which VeriFone Systems Inc. will acquire the company in an all-stock transaction valued at about $485 million, including net debt assumed (
