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London-based HSBC Group will purchase $30 million worth of technology from Phoenix-based Hypercom Network Systems over the next five years to upgrade HSBC's global packet-switching network. Hypercom's Integrated Enterprise Network (IEN) technology beat out 14 other vendors. HSBC Group's international telecommunications are centered in its founding company -- HongKong Bank of Hong Kong -- and has assets in excess of $360 billion and more than 3,000 offices in 71 countries worldwide. HSBC's financial services network supports teller terminals in bank branches, a global automated teller machine (ATM) service, point-of-sale and card product terminals and electronic banking. Hypercom's IEN products will help consolidate different networks within a single architecture such as asynchronous transfer mode and help HSBC migrate from the x.25 environment to frame relay. The new network will provide support down to the smallest branch level for traditional connections such as self service terminals to new Intranet, ethernet and token ring services. (Liza Kurtz, Hypercom, 212/995-5680, ext. 210.)