If you have a dedicated line for your eftpos terminal then you may be interested in the new product on the market.  We now have two very good fixed wireless eftpos terminals that allows you to reduce the costs of the phone line and replace it with a costs of $12.95 per month.

The two units are Ingenico i7910 or Verifone VX670.

If you could be benefit from reducing your phone line then please give us a call on 0800 484 238

Great to see the Certification of the Verifone VX510 to version six on the Paymark network. Verifone is a market leader internationally and they are bringing out some great products. The VX670 mobile terminal is proving very popular. You can see a current list of certifications here. Version 6 is the software version without a current sunset date and will provide enhanced functionality for merchants in the coming months.

Certified Software Versions

After causing speculation within the market yesterday the trading halt has been lifted from ProvencoCadmus today. The announcement is on NZX.

A trading halt in eftpos company ProvencoCadmus was lifted this afternoon after sharemarket operator NZX said it was satisfied there was no outstanding material information on ProvencoCadmus.

The company, formed through the merger of technology firms Provenco Group and Cadmus Technologies, has forecasted a loss of around $10 million in earnings before interest, tax, depreciation and amortisation (ebitda) for the year ended June 30.

This was put in new light with the subsequent announcement from NZX which seems like quite a mistake to make.

NZX yesterday placed ProvencoCadmus (PVO) securities in trading halt at
1.02pm, which was then lifted at 4.00pm.

Placing the PVO securities into a trading halt was entirely due to a business
process error on NZX’s part.

NZX apologises for the error and any confusion it may have caused the
company, its shareholders and any other interested parties.

In the interest of improving merchants knowledge of the choices available for eftpos we have launched a world first eftpos product selector. This allows you to put in your priorities for eftpos and the selector will then recommend three choices. You can then choose to order the terminal directly or call our team to discuss the your options.

One of the key parts of the Viaduct offer is that we carry every terminal available in the New Zealand market ensuring that our merchants get the best payment solution for their business. The product selector is an extension of this.

This selector is a work in progress so if you have any feedback then please call or email us. 0800 484 238. info @ viaductnz.co.nz.

After expressing some concern in the direction of the eftpos industry I got to experience one of the new innovative products coming onto the market this afternoon. Had coffee at wishbone in Dixon Street and used the new snapper card.  After a couple of user errors I managed to do the right thing and process the transaction.   It certainly demonstrates how chipcards especially contactless may change the way we transact low value payments in the future. I dislike carrying coins in my wallet and as a replacement for petty cash and speed of transaction it is a good way to go.

Snapper Services is a smartcard business set up by Infratil.  They have had an interesting start to the Wellington marketplace being in the papers for all the right and then the wrong reasons.  They have the bus service on board so they will at least get the USB sticks or cards in wallets.  In the same way customer demand fuelled the growth of eftpos this should help do the same.

Chipcards have been a long time in coming to the New Zealand market but with emv and the opportunity around cards like snapper we should see some interesting changes in the payments space.

Some real issues developing in our market at the moment as the industry struggles to come to terms with the pace of change and the subsequent software and hardware requirements. Having been through sunset dates on the Paymark network and still working through the rolling date on eftpos it is demonstrating that once again we (the royal we not just Viaduct!) are not doing a great job of communicating to the merchants, the ultimate end user of our product, what the options and benefits are for them and what the issues are that they need to be aware of.

On the Paymark network we have had some customers that have had some difficulties accepting overseas cards on version 5.1 that is “fixed” on version 5.2. We have also “heard” that there will be more issues as more overseas banks issue chip cards. What are the differences and why should you choose one over another. How would you go about finding out. Aside from us who would you go to for impartial advice. Choices are still governed by the acquiring bank and by finance companies. Now finance companies have had some bad publlicity of late with good reason and in terms of eftpos they do not want to provide flexibility to the merchant as they are looking for a return on their money not providing the right payment solution.

Continue reading ‘Which version are you?’

We are pleased to announce that we have added Payment Express eftpos to our range of eftpos terminals. Payment Express eftpos is the marker leader for IP based integrated eftpos. The integration process is straight forward and the features are outstanding. A list of the certified POS is here. With response times of under a second per transaction it is the fastest eftpos product on the market. It connects through your broadband connection so does not require a phone line saving your more money on your eftpos setup.

DPS created the product, they are the company behind txt-to-park and they process the online transactions for Trademe, Air New Zealand etc. Their eftpos solution was also chosen by Apple for their new concept stores.

Payment Express eftpos as it is known allows you to view transactions online which makes settlement and reconciliation a breeze. Give us a call on 0800 484 238 for more info.

DPS One Page Brochure

DPS Payment Express Full Brochure

Certified POS Partners