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


Retailers Provided Internet Based Eftpos Option

Retailers Provided New Internet Based Eftpos Option

Retailers on the Paymark EFTPOS network will continue to be supported while an innovative new network based on Internet protocol is introduced throughout the country.

Retailers will have the option of continuing with a dedicated phone line for processing EFTPOS transactions indefinitely or switching to the new IP network. Both networks are provided by Telecom. The new agreement between Telecom and ETSL (Paymark EFTPOS network provider) means that retailers will be able to process transactions, talk on the telephone and connect to the Internet simultaneously.

Ron Brown, General Manager Paymark, ETSL believes the Telecom’s IP based transaction service has clear benefits for the end consumer as well as for retailers.

“While we will be encouraging retailers to migrate to the new service, retailers will continue to be supported on the existing network for as long as they choose. There will be no compulsion to change from the existing system.

“The shift to Telecom’s IP-based transaction service promises to reduce overall costs, streamline payment processing, and provide far greater flexibility and access.

“We will be working with Telecom and a range of other vendors to assist them in bringing new and integrated point-of-sale products and services to market that provide new value for retailers,” he says.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news