News
Nov 11, 2010
Latest figures show 45,000 terminals have yet to be upgraded by retailers across New Zealand, despite repeated attempts by Paymark to detail the impact on businesses who don't comply.
The deadline for upgrading terminals is June 1, 2011.
Paymark spokesperson Paul Whiston said the upgrades were required to meet new global security standards in time for the Rugby World Cup, which is expected to deliver a $1.25 billion tourism boost for this country, and as concerns mount about card fraud in New Zealand.
Retailers risk being disconnected from the network if they don't meet the deadline.
The new chip and pin cards were expected to mitigate the risk of fraud because they could not be copied as easily as the current magnetic strip cards.
Auckland and Northland have the greatest number of terminals still to be upgraded (19,639) but the greatest per centage of terminals on the old system was in the Wairarapa (48 per cent), Paymark said.
Waikato and the Bay of Plenty are leading the upgrade charge, with two-thirds of terminals now on the new system.
By industry numbers of terminals left to be upgraded are; taxi cabs/limousines (3930), dining out/restaurants (3697), fast food outlets (1119), hotels, motels, resorts (1030), bars/taverns/nightclubs (883), travel agencies (310), florists (140).
Paymark had cut retailers plenty of slack in the past, but warned it would not tolerate anyone who failed to meet the deadline this time around.
With increasing concerns over card fraud and potential issues with international visitors' cards, the upgrades must happen, Whiston said.
01 Nov 2010
Upgrade to a 6.0 terminal today and secure your customers for tomorrow. If you can’t accept your customers’ money, they’ll find someone else that can. So why not upgrade today and be in with a chance to win the cost of your terminal back. Upgrade during November for a chance to win with Paymark.
During November when you upgrade to version 6.0 terminal Paymark will place you in a draw to win the cost of your terminal back (T&C apply from Paymark including: -
"This will be to the maximum value of $1500 per customer").
Contact us now on 0800 42 66 99 to arrange your on-site upgrade.
27th October
Our Christchurch branch - EFTPOS SPECIALISTS (Christchurch) Ltd has moved to larger premises and is now located at 1a 213 Blenheim Road, Christchurch.
27th August 2010
EFTPOS SPECIALISTS (Otago) Ltd was able to raise $875 through the support of Dunedin retailers to dontate to the Cancer Society during Daffiod day. Thank-you to all retailers that particapate in our promotion.
27th August 2010
EFTPOS SPECIALISTS (Otago) Ltd was happy to help MS Otago awareness week by donating the use of a Mobile Eftpos Terminal to assist with fundrasing.
11 August 2010 - Press Release from Paymark
Retailers slow to make critical EFTPOS upgrades
Statistics released today by Paymark, New Zealand's leading payments provider, reveal that crucial EFTPOS upgrades across the country are happening, but not nearly fast enough.
In a statement released just over two months ago Paymark outlined that 60,000 EFTPOS terminals across the country needed technology upgrades that would enable them to process payments in accordance with new global security standards. Since then, that figure has reduced by just under a thousand.
Without the upgrade, retailers will not only be in breach of these standards, but will also be unable to process certain types of local and international card types as well as face disconnection from the Paymark network.
The Auckland region has the greatest number of terminals requiring upgrades (27,243), followed by Canterbury (5,911), Wellington (5,199) and Waikato (4,004).
Paymark Head of Sales and Marketing, Paul Whiston, says that the figures are a concern.
"Retailers need to recognise that this is a very real issue and one that, if not addressed, will affect their bottom-line," he says.
"There are a number of upgrade options available, that provide different capabilities and technologies. Many of these technologies aren't suited for the majority of Kiwi businesses; most need a simple upgrade, not an entire makeover", he adds.
‘Contactless' is one such technology - it allows consumers to pay for low-value transactions by simply passing their card over a pad without the need for entering pins or other information.
Whilst the Paymark network is already enabled for contactless technology, the model is far from being established in New Zealand.
"Contactless is part of the payments future for certain industries, like transport for example. For Kiwi retailers, the technology is not a necessity. Once it becomes established in New Zealand it is easy to add contactless technology on," says Paul Whiston.
"Rather than spending unnecessary money, we urge retailers to talk with their bank or EFTPOS provider when deciding on the best upgrade option for their business," he concludes.
To see whether your EFTPOS technology is ready, visit www.areyouready.co.nz and follow the simple online instructions. If your terminal is not up-to-date, contact Eftpos Specilalists - 0800 42 66 99 as soon as possible and schedule a date for your upgrade.
Eftpos deadline may catch out some firms
11th August 2010
Nearly 60,000 retailers will be reduced to cash-only trading for the Rugby World Cup if they fail to meet a deadline to upgrade their eftpos terminals.
http://www.stuff.co.nz/business/4015222/Eftpos-deadline-may-catch-out-some-firms