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

 

Cadmus First on Foreign Currency EFTPOS

MEDIA RELEASE FOR IMMEDIATE RELEASE


Cadmus First to Make Foreign Currency EFTPOS Available

Cadmus Technology Supplies BNZ Merchants with Foreign Currency Conversion Software

Auckland, 30 January 2007 – Advanced payment solutions company, Cadmus Technology Limited (NZX: CTL) says that it has built a unique EFTPOS solution with Bank of New Zealand (BNZ) and Pure Commerce PTY Limited (Pure) that allows international tourists to pay for goods and services - purchased in New Zealand via their Visa or MasterCard - in their home currency.

Following an approach by BNZ, Cadmus developed the software solution for the CurrencySelect EFTPOS facility in association with Pure using Cadmus’s latest AC8000M EFTPOS terminal. The system has already been installed in high profile visitor sites such as Scenic Circle Hotels.

Paul Jamieson, Cadmus’s Relationship Manager for BNZ says that CurrencySelect EFTPOS is another project where Cadmus was able to demonstrate its leadership in designing, developing and delivering an EFTPOS solution to meet specific customer needs and to ensure that BNZ was the first to market with this new facility.

“Cadmus is proud of its track record in successfully developing and deploying specialist EFTPOS solutions, and BNZ’s CurrencySelect EFTPOS is another good example of an application that is fully compatible with all international standards such as EMV and Triple DES whilst also giving merchants additional services and capabilities,” says Jamieson.

“The software behind the CurrencySelect EFTPOS feature converts the New Zealand dollar amount of any identified overseas issued Visa and MasterCards into their domiciled currency such as United States dollars or Swiss Francs.”

“BNZ needed an EFTPOS solution that was not just shrink-wrapped or off the shelf which is why they turned to Cadmus to create a specific software application that works with our advanced AC8000M terminals to provide the currency conversion specified for the Bank’s customers.”

Jamieson also says that Cadmus’ ability to develop specialist solutions for niche markets is a strong competitive edge which is seeing increasing new business demand for the Company’s EFTPOS technology both in New Zealand as well as overseas markets.

“Anecdotally we understand that there are approximately 3,000 - 4,000 businesses in New Zealand that provide various services to overseas tourists, and each one these could benefit directly from Cadmus’ EFTPOS Currency Conversion solution.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Flying Year-round To Popular Queensland Destinations

Air New Zealand is moving to year-round direct flights on its Auckland-Cairns, Auckland-Sunshine Coast and Christchurch-Gold Coast routes under an agreement with the Queensland Government... More>>




SEA: Another First For Solar Energy In New Zealand

The Sustainable Energy Association NZ (SEANZ) congratulates Sunergise on the commissioning of the Sunergise Kapuni Solar Power Plant, the largest in the country... More>>

Accenture: More Boomers Than Zoomers Want To Work From Home

While often associated with tech savvy Gen Z or Zoomers, new global research from Accenture shows that the push for more flexible working environments is being led by Gen Xers and Baby Boomers... More>>

Banking: Westpac New Zealand To Remain Part Of Westpac Group

Westpac New Zealand Limited (WNZL) remains part of Westpac Group following a decision for the two businesses not to demerge. Westpac Group Chief Executive Officer, Peter King, said: “After a detailed review, we believe a demerger of the WNZL business would not be in the best interests of shareholders... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>

ALSO:


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>