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


A New Generation for EFTPOS

A New Generation for EFTPOS

A raft of alternative transactions can now be carried out on EFTPOS terminals following the deployment of latest generation technology by Provenco Payments, a subsidiary of Provenco Group.

New Zealand’s leading provider of payment technologies has upgraded its Transaction Acquiring and Processing system and will support two new plastic card programmes, Giftworks electronic gift voucher and Ozone Barter Ltd, a business-to-business trading community.

The two new services complement existing processes supported on the system such as the Flybuys and AA Rewards programmes.

Provenco Payments CEO John Tait says Giftworks and Ozone cards are good examples of what’s to come in the future.

“Retailers are demanding new card technology which gives them information to drive their business development,” he says.

The Giftworks electronic gift voucher allows retailers to issue a plastic card with magnetic stripe.

Tait says gift cards will be used to purchase goods in the same manner as any other payment cards, by swiping the card through a Provenco supplied EFTPOS terminal.

“A card can be used for single or multiple transactions. After each transaction an EFTPOS receipt is printed giving the balance remaining on the card,” he says.

The Giftworks scheme also gives retailers accurate and real-time information on the status of their gift card programmes, reports on customer spending habits and other useful information which can be used for business development.

Tait says Provenco Payments developed the system using Microsoft DotNet technology to simplify integration with host systems, Windows POS platforms, and to reduce the support requirements.

“The bedding-in process has gone well and we migrated the system over six months. We are happy with the technology implementation and it will give us the ability to run a multitude of schemes, such as loyalty and gifting programmes, through existing terminals,” he says.

Provenco also has an agreement with Ozone Barter Ltd to supply EFTPOS terminals to its member businesses.

The new cards will replace existing cheque-like vouchers and the internet. Printed receipts will give provide users with their latest account and transaction information.

Tait says increasing retailer sophistication and the desire for differentiation will continue to drive the demand for innovative and technically robust solutions.


© Scoop Media

Business Headlines | Sci-Tech Headlines


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>>


Half A Billion Accounts, Including Xtra: 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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news