According to the contract, the Phoenix Managed Networks joint venture aims to equip payment processors, banks and retailers with data communication services for transaction-based applications.
Phoenix Managed Networks is set to deploy Hypercom’s HBNet network for the authorization and processing of electronic transactions for retail point-of-sale, financial, government, health care customers as well as wireless and IP POS markets. Furthermore, the company will utilize Hypercom’s SmartPay gateway technology to support wireless and IP-initiated transactions.
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