Hypercom Corp. shipped its four millionth POS terminal in 2001. At the time, about 2.5 billion transactions were being processed on Hypercom terminals annually in more than 100 countries. Driving growth was Hypercom's ePic ICE (Interactive Consumer Environment) touch screen-based, Internet-enabled, multi-application system.
VeriFone Inc. introduced the VeriCentre Message Management Module, enabling banks, processors and acquirers to interact directly with merchants at the POS. The module allowed users to send customized text and graphics messages to merchants with Verix-based terminals. Merchants responded with text messages or by using preformatted templates.
MasterCard Worldwide and SPS International Ltd. introduced MasterCard SmartLink software, which integrated information from MasterCard corporate purchasing cards with several leading enterprise resource planning systems. SmartLink routed data on cardholder purchasing activities to corporate accounting systems in an effort to eliminate the risks of fraud, abuse and error.
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