The KIWI Eftpos Company – 4000 Terminals disconnected - 20 June 2008
The KIWI Eftpos Company has received reports that 4000 terminals were disconnected on Monday the 16th June, this figure may be skewed downwards because this may have included seasonal connections where merchants they may only use them seasonally and they were not in service at present. Eftpos Canterbury had no customers we are aware of who were included in these disconnections.

Paymark - Eftpos Network - Press Release - 16 June 2008
May Spending Figures Show Decline in High Value Items

According to the latest figures from Paymark, Kiwis are still flexing their plastic and whilst electronic spending at ‘small ticket’ outlets is increasing, spending on ‘big ticket’ items has declined.

Data shows electronic sales growth through outlets that traditionally average smaller transaction sizes ($50 and below) is now much higher year-on-year compared with outlets that traditionally average larger transactions (more than $50).

Core retail sectors with ‘small’ transactions include supermarkets, chemists, cafes and bars, while retail sectors with ‘large’ transactions include motor vehicle retailers, recreational goods, appliance and furniture stores, and accommodation.

Paymark CEO, Simon Tong, says; “The total number of transactions processed through our network in May was 66.2 million, up 8 percent on May 2007. Kiwis are using credit and debit cards increasingly for small transactions when previously cheques or cash might have been used.”

Independent economist Anthony Byett suggests the squeeze from higher food prices coupled with weakened demand for ‘big ticket’ items are impacting on large transaction figures.

Store types with the fastest May to May growth were fuel - up 28 percent, due largely to price increases, and entertainment - up 21 percent, due largely to the rise in electronic payments.

Regions with the fastest annual growth were the West Coast, Taranaki/Taupo, South Canterbury and Waikato. Gisborne and the major centres of Wellington and Auckland/Northland experienced the slowest growth figures.

Paymark is New Zealand’s leading electronic payments provider. Its network processes three quarters of all electronic transactions and nearly 90% of Kiwis have a debit card. That puts us ahead of any other country in the world in terms of EFTPOS

New Eftpos Terminal Offers Advanced Features and Familiar Operation - 06 June 2008
The new Hypercom T4100 countertop EFTPOS terminal offers retailers advanced features and new generation hardware. The large-format terminal meets the latest security standards, offers great future proof features and is easy to operate.

“This terminal works just like the most popular previous model, so there’s no need to retrain staff,” says Andre van Duiven, General Manager, Sales of ProvencoCadmus, who distributes and supports Hypercom terminals in New Zealand.

The speed and rugged design of the Hypercom T4100 makes it ideal for busy retail environments. The two-piece terminal uses the Hypercom S9SC PIN pad with integrated smart card and magnetic strip readers, so customers can swipe their own cards.

“Many of our customers are overseas tourists who are reluctant to hand over their credit or debit cards,” says Darryn Brown, General Manager of OK Gift Shop in Auckland. “For them, this system is ideal. We like it too, because it’s fast and we can get through many transactions in a short time.”

The T4100 is certified to the latest EMV standard, so that retailers can process chip cards without problems.

The Hypercom T4100 has excellent future proofing features. Its 24MB on-board memory is equal biggest on the market. The terminal is IP enabled and its EFTLink interface allows direct connections to a POS system or cash register.

All this advanced technology is presented in a very user friendly package.

The Hypercom T4100 terminal is now available nationwide

5.1 Software – Cut Off Date – 1 June 2008
Most Banks along with the Paymark/ ETSL eftpos network have issued letters advising that June 16th is the Final cut OFF Date for non compliant terminals – Now is the time to Upgrade.

Provenco / Camdus Merger – 20 May 2008
Provenco & Cadmus announced today that the newly joined company would be called ProvencoCadmus in the interim until a full assessment of a future name change would be decided. Chairman of the Board is Rick Christie, announced that Mr Jim Doyle was appointed CEO.

Provenco - New Terminal Announcement - January 2008
Provenco are please to announce the newest terminal to NZ, the Hypercom T4220 terminal. This terminal comes with 5.2 software, this is the software for the 2011 Paymark upgrade and makes the Hypercom range the only terminal on the market that is compliant right through to the 2014 date when 6.0 software is released.