The bad news: Time�??s up�??

Upgrade your eftpos terminal now or you risk being cut off from the Paymark network. June 16th 2008 is the final date for old terminals. This is the revised date from 1st January 2008 and is for the removal of all terminals that do not have 5.1 or above software.

The good news:

Upgrade with Viaduct and we guarantee you�??ll be better off by $144 dollars a year or we�??ll give you 100 rolls of eftpos paper. Check out the conditions here.

Every new order for eftpos made before June 16th 2008 goes in the draw to win one of 5 iPod Shuffles *

Download the latest offer Viaduct eftpos offer

Which includes

�?? Our best price guarantee �?? we guarantee you�??ll save at least 10% on your existing eftpos service.

�?? Huge selection of eftpos terminals to choose from - Viaduct stocks every terminal available in New Zealand, so we fit the terminal to your business. You choose the terminal, contract length, start date, installation and flexible finance options.

�?? Our easy switch guarantee �?? our guarantee that you won�??t lose your eftpos service during the changeover period.

Time�??s up. Upgrade today
Call Viaduct on 0800 484 238, or fax 0800 932 505

Viaduct �?? connecting eftpos
�?? Lowest guaranteed price from $39.95 per month
�?? Dedicated eftpos line from $41 per month
�?? Wireless eftpos from $79.95 per month, includes 1000 transactions per month
�?? Eftpos terminal and phone line from $79.95 per month
�?? Earn additional revenue through foreign currency conversion

We have published this before but with the news from Australia and the upgrade requirements it seemed like a good time to refresh the information.

If receiving payment by credit card or eftpos off line , it�??s good practice to do the following:

�?? Check if the card has been tampered with or altered in any way, particularly the signature

�?? Check the expiry date on the front of the card.
�?? Check the account number on the front of the card matches the back.
�?? Compare the signature on the card and the sales slip.
�?? Check the �??hot card�?? list for every credit card sale.
�?? Obtain a telephone authorisation for sales exceeding the floor limit or if you are
suspicious of the person�??s identity or behaviour.
�?? Ask for photo identification, such as a driver�??s licence.

Continue reading ‘Fraud - Protect Your business’

Last week it was reported that vandals had cut a fibre optic cables serving Blacktown and surrounding suburbs in Australia. At the time it was believed vandals were responsible. However it seems the vandals had broader criminal intentions.

Police believe the vandals actually were organized criminals who went about making fraudulent purchases on eftpos cards at shops in the area while the machines were down. This is a step up in terms of eftpos fraud and something to make sure you and your staff are aware of should you experience network or communication issues.

This makes it vitaly important to check signatures and get another form if ID for all offline transactions. You can read more on protecting yourself from fraud here.

Read more here

Further to its announcement last month, EFTPOS and payment services provider SmartPay (NZX:
SPY) is pleased to advise that the company has now received underwriting agreements
and/or commitments to fully underwrite its rights issue.

SmartPay�??s Chairman, Mr Bob Parkinson says the Company is delighted that further
commitments had been secured in a difficult market environment.

�?�It is pleasing that the issue is now fully underwritten. This shows a high level of
confidence in the company�??s direction and growth prospects,�?� says Parkinson.

Snapper in the harbour, continuing the nautical theme of smart card launches around the world, (London’s Oyster cards and the Octopus card in Hong Kong) Snapper comes to wellington.

From June, people will be able to pay for bus tickets and everyday items in shops using the Snapper card, a stored-value smartcard that NZX-listed infrastructure investor Infratil (IFT) hopes will become more widely used than conventional eftpos cards.

To accept Snapper, retailers would need an eftpos terminal with a contactless card reader. These readers cost about $200 and will generally be included in the eftpos rental.

Eyede co-founder Wayne Stemp says Snapper is a “major change, potentially to the infrastructure of New Zealand, because micropayments might finally be here”.

Snapper cards could be used in the future to make purchases over the Internet or to transfer money between cardholders, he says.

This is another example of payments being managed through the eftpos terminal and could potentially replace low value transactions. Read more here.