The Industrial and Commercial Bank of China (ICBC) has selected Hypercom Corporation as its preferred provider for card payment terminals and technology for the second year running.
The designation is expected to generate multi-million dollar orders for thousands of Hypercom ICE 5500Plus and ICE 5700Plus card payment terminals and technology during 2003 as ICBC rolls out the terminals to merchants across China.
Within the last several months, China UnionPay selected Hypercom networking technology to enable cross-city and cross-bank transactions in 40 cities and, by 2005, enable more than 400 million bank cardholders in 100 cities to use their cards at any payment terminal in China.