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


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>