Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Credit Payment Terminals Certified for Malaysia

Cadmus Credit Payment Terminals Certified for Malaysian Market

Cadmus Technology Limited (NZSE: CTL) today advised that it had achieved bank certification for its payment terminals in Malaysia with two of Malaysia’s leading banks.

Bumiputra Commerce Bank and May Bank have certified that the Cadmus CP01CR EFTPOS terminal complies with the banks standards, thereby meeting the requirements for use in the Malaysian market for both debit and credit transactions.

“This international certification is important for Cadmus and follows our announcement, last year, of an agreement to supply Paysys International (Malaysia) Ltd with 1,000 CP01CR Credit Card and EFTPOS terminals,” says Pat McCammon, International Sales and Marketing General Manager of Cadmus Technology Ltd. “As a result the new CP01CR terminals will enable Paysys to capture a greater share of the fast-growing Malaysian merchant and bank markets.”

It is anticipated that other Malaysian banks will also complete certification of the Cadmus products allowing the Cadmus products to be sold into the wider Malaysian EFTPOS market which is estimated to be similar in size to the New Zealand market with approximately 15,000 units P.A. being installed.

The CPO1CR terminals are highly secure PIN entry device designed to interconnect to the Cadmus range of payment terminals, as well as the ASP servers provided by Cadmus. The product is undergoing the EMV certification process for the new generation of smart card products being promoted by banks world-wide.

ENDS

About Cadmus
Cadmus Technology Limited designs, develops and implements innovative point-of-sale payment solutions for merchant businesses worldwide. The company is moving towards being New Zealand’s largest manufacturer and exporter of payment terminals, which it sells into rapidly growing markets internationally. The company offers payment and data management solutions, including EFTPOS and data capture terminals, loyalty programmes and customer relationship management solutions. Cadmus also provides end-to-end payment solution and data management services for retail, business payment and transactional processing requirements. Clients include Bank of New Zealand, WestPacTrust, TAB, GoldBand Taxis, Bartercard Australia Pty Ltd, OnQ Business Systems Pty Ltd and PaySys Malaysia.
For more information, please visit www.cadmustechnology.com

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news