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

 


VeriFone Acquires EFTPOS Division of Sektor Group

VeriFone Acquires EFTPOS Division of Sektor Group


Today VeriFone Systems, Inc. (NYSE: PAY) announced an agreement to acquire Sektor Payments, the EFTPOS division of the Sektor Group, distributing VeriFone EFTPOS terminals. The Retail Technology, Networking and Mobility divisions of Sektor remain in their current form and are not involved in this transaction. Sektor Payments has had the exclusive distribution rights for VeriFone EFTPOS terminals in New Zealand for the past 3 years. It has grown quickly in this time to be the largest EFTPOS distributor in the country.

Sektor Distributors Managing Director Rhys Warren says “The VeriFone acquisition of the Sektor Payments business in New Zealand allows VeriFone to get one step closer to its reseller and integration partner communities”, Warren continues “Sektor’s core business - the distribution of Retail, Networking and Mobility Technology to Australian and New Zealand Resellers and Integrators in collaboration with Independent Software Vendors, continues to strengthen and grow. We look forward to a collaborative relationship with VeriFone across Australia and New Zealand in the coming years”.

General Manager for Sektor Payments, Andre van Duiven says “VeriFone’s purchase of Sektor Payments coincides with its acquisition of EFTPOS New Zealand (ENZ) from ANZ Bank, it secures VeriFone’s position in the New Zealand market place and provides a platform for further growth from VeriFone’s global payment solutions”.

van Duiven adds “Both organisations will continue to leverage their successful existing formulas. Sektor Payments will become VeriFone New Zealand, while ENZ will keep its current brand and report through to VeriFone’s Point Division in Australia.

“With the industry requiring more sophisticated compliance management and security, this simplification of the international supply chain provides a much more responsive technical and commercial structure. This means new global compliance and security initiatives can be introduced faster to merchants in New Zealand” says van Duiven. He also says however “this will not mean a change to the existing reseller channel model in New Zealand for VeriFone. The current channel has been a key to VeriFone’s success and will continue as it enables better quality of service and market penetration across the whole country”.

The transaction will be finalised early next year. Further recruitment is planned for growth in the coming year.

About the Sektor Group (www.sektor.com.au and www.sektor.co.nz)
Sektor is Australasia’s leading retail technology, networking and mobility distributor. Selling exclusively via its integrator and reseller channel, Sektor’s on-going research into emerging trends and technologies ensures its partners are ideally placed to bring the latest innovations and solutions to their customers. With offices in Sydney, Melbourne, Brisbane, Perth, Auckland and Christchurch, Sektor is focused on bringing fast, knowledgeable and efficient services to its reseller partners in support of the international vendors it represents. Sektor Payments Ltd (www.sektorpayments.co.nz) is New Zealand’s leading EFTPOS payment technology solutions provider.


About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Scoop Business: ComCom Charges Hawkins’ Finance Companies Over Debt Recovery

The Commerce Commission has filed criminal proceedings against two finance companies run by former 1980s high-flyer Allan Hawkins over their debt recovery practices. More>>

ALSO:

Science Media Centre: The Big Science Stories Of 2014

It was a dramatic year for science, one that witnessed a severe outbreak of Ebola in West Africa and an historic mission to land a space probe on a comet. On the home front... headlines with animal testing for 'legal highs', 1080 use to tackle increased pest numbers and court action over genetically modified organisms among the most-covered stories. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news