Monoprix Group, a France-based retailer with more than 300 locations and approximately 4,000 point-of-sale devices, is using Hypercom Corp.’s Wynid payment server to process its transactions, the Scottsdale, Ariz.-based terminal maker says.
Retailers use Wynid to manage their transactions, with many merchants hosting the server themselves. But mid-level retailers in particular outsource the service, Alan Moss, Hypercom vice president of marketing and business development for Southern Europe, Middle East and Africa, tells PaymentsSource. Monoprix is outsourcing management of the service to Hypercom, he says.
Hypercom routes transactions to acquirers for processing and handles security compliance for the service. Mid-level retailers generally do not have payments specialists on staff, which can make keeping up with security mandates burdensome, he says.
“With [security] requirements ever more complex, it’s often easier if [retailers] can outsource all of that to payment specialists,” Moss tells PaymentsSource.
Monoprix pays a monthly fee for the Wynid service, which Moss would not disclose. Monoprix also is using Hypercom contactless-enabled terminals and mobile payment terminals in its stores.
This is the second large deal for Hypercom’s Wynid service in a month with a Europe-based retailer. Carrefour plans to use the Wynid service and 12,000 EMV contactless card readers (
