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

 


Paymark signs switching deal with EFTPOS New Zealand

Paymark signs switching deal with EFTPOS New Zealand


Auckland, 04 September 2014; Paymark and EFTPOS New Zealand (ENZ) have signed a deal that will see Paymark provide outsourced payment processing services to ENZ for the next 5 years.

ENZ has signed an initial contract with Paymark to partially outsource the processing of a significant proportion of their electronic payments.

Paymark’s Head of Sales and Marketing Paul Whiston says the contract is a significant outcome for both organisations and will also benefit NZ merchants.

“Being engaged to provide outsourced switching infrastructure to ENZ is testament to our position as a world class payment and solutions provider. The new contract will also ensure 87% of all card payments in New Zealand being afforded the security and performance standards available through our network.”

EFTPOS New Zealand was purchased by global payments company Verifone Systems, Inc. in June 2013 who will continue to operate ENZ as a wholly owned New Zealand subsidiary. Today ENZ provide payment technology and transaction processing services to around 40,000 New Zealand merchants, along with other related services.

“We are delighted with the arrangement and see it as a great example of industry collaboration”, says Peter Hansen, ENZ’s Country Manager.

“We are effectively leveraging existing core industry infrastructure in a manner that reduces complexity and duplication for our card issuing customers whilst maintaining the reliability of our domestic card payment processing networks.”

“A fundamental principle of our project to upgrade to VeriFone’s next generation transaction processing platform was the minimisation of impacts for both merchants and financial institutions. The partnership with Paymark is a valuable step for us in achieving that goal.”

Both organisations will migrate payment processing services onto the Paymark network over the next year in what will be a seamless process for ENZ merchants.

- ENDS -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Restrictions Lifted: No Further Tau Flies Found

The Ministry for Primary Industries (MPI) confirms that all restrictions on the movement of fruit and vegetables in Manurewa, Auckland, due to the Tau fly, have been lifted as of 2.26pm on Sunday 7 February. More>>

Crowdfinding: Awaroa Beach To Become Public Land If Appeal Succeeds

Conservation Minister Maggie Barry says a privately-owned beach will become part of the Abel Tasman National Park if an online crowdfunding campaign to buy it succeeds... More>>

ALSO:

Meat Workers Union: Waitangi Mondayisation Flaunted By Large Employer Of Maori

At the AFFCO Talley owned meat plant in Rangiuru, the company has resorted to bullying and threats... saying they could be disciplined and their union sued for an unlawful strike if workers exercise their rights to a paid day off tomorrow. More>>

Earlier:

ETS Review: Modelling Documents Released

Three technical documents are being released to help New Zealanders engage with the Emissions Trading Scheme (ETS) review, Climate Change Minister Paula Bennett says. More>>

ALSO:

Northland: Govt Plan Targets Transport, Web, Maori Assets

The government has released a 10-year plan to attract investors and lift economic growth in Northland, a region that perennially underperforms the rest of the country even while being endowed with natural beauty, productive land, minerals, a potential workforce, scope for manufacturing, forestry and aquaculture, and proximity to Auckland. More>>

ALSO:

Statistics: Unemployment Rate Falls To 5.3 Percent

The unemployment rate fell to 5.3 percent in the December 2015 quarter (from 6.0 percent), Statistics New Zealand said today. This is the lowest unemployment rate since March 2009. There were 16,000 fewer people unemployed than in the September ... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news