Raiffeisen International Bank-Holding AG, a member of the RZB Group headed by Raiffeisen Zentralbank Osterreich AG (RZB), is deploying over 30,000 high security Optimum card payment terminals and PIN entry devices to thousands of merchants across Central and Eastern Europe. Raiffeisen International has also purchased Hypercom Network Access Controllers to optimize transaction delivery to the bank host system.
«With Hypercom’s high speed, high performance payment terminals we can develop our card payments business with merchants in 15 countries in Central and Eastern Europe, providing them with the highest levels of security and service,» said Heinz Wiedner, Chief Operating Officer of Raiffeisen International.
By combining the payment terminals and network access controllers, Raiffeisen International ensures fast and secure acceptance of electronic transactions for thousands of retailers across CEE, many of whom will be equipped with a state-of-the-art POS terminal for the first time. The uniform product line as well as the economies of scale resulting from this transaction will enhance Raiffeisen International’s cost structure in that particular business.
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.
Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group’s nearly 59,000 employees service around 15 million customers via more than 3,100 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.