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Hypercom

Hypercom Corporation
Public
Traded as : HYC
Fate Acquired by Verifone
Founded Australia, (1978 (1978))
Founder George Wallner
Defunct 2011
Headquarters Scottsdale, Arizona, United States
Key people
Norman Stout, Chairman; Philippe Tartavull, CEO & President
Products Payment terminals
Website www.hypercom.com

Hypercom was an American company which was a pioneer of electronic payment processing hardware and software. It was acquired by rival VeriFone in 2011.

Hypercom was founded by Hungarian born George Wallner, David Saul and Leslie Fritz in Sydney Australia in 1978. It went on to dominate the south pacific region in terms of payment terminals. In 1988 the company signed a deal with American Express to provide its terminals to them in the US. To consolidate the deal, Hypercom moved its head office from Australia to Arizona in the US. It then faced head to head competition with VeriFone on its home market.

On April 4, 2011, Ingenico announced its agreement to acquire Hypercom's U.S. Payment Systems Business prior to the close of the VeriFone acquisition On the same day it announced that its UK and Spanish operations would be sold separately to a private investment company and this business was renamed as Spire Payments.

On May 12, 2011, The Department of Justice filed a civil antitrust lawsuit to block the proposed acquisition of Hypercom by VeriFone saying the planned sale of Hypercom’s U.S. POS terminal business to Ingenico does not resolve the antitrust concerns

On August 4, 2011

On September 30, 2011 Hypercom US announced it formally changed its corporate name to Equinox Payments, LLC.



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