17 October 2017
Find out more

Keycorp pushes into New Zealand market

21 July 2003  |  6046 views  |  0 Keycorp pushes into New Zealand market

Australian transaction systems vendor Keycorp has won a contract to supply 1000 smart card terminals to Eftpos New Zealand (ENZ), a member of the ANZ Banking Group.

Wellington-based ENZ, one of the largest providers of Eftpos terminals and card processing services in New Zealand, will use KeyCorp's K23 terminals to support the rollout of EMV smart cards in the country.

The terminals are compatible with both EMV chip-based smartcards and traditional magnetic stripe debit and credit cards.

The vendor will also deliver EMV and Triple DES (3DES) capability and support services to ENZ. Triple DES is the highest level encryption for securing financial transactions.

Andrew Parker, key account manager, Keycorp, says: "ENZ plays a significant role in the EFTPOS market and Keycorp is pleased to have won the right to supply the terminals that will be so critical to the successful rollout of EMV smartcards in New Zealand."

In addition, Keycorp has secured a new contract with Provenco, an Auckland-based distributor of electronic payment terminals. The vendor has already received orders from Provenco totalling over A$1 million for the K23 payment terminals and associated services.

Keycorp says it has been very deliberate and selective in its choice of partners in New Zealand and is now ideally positioned to make a major impact on the market.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.vasco.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14738 views comments | 12 tweets | 3 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8114 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7371 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6682 views comments | 13 tweets | 7 linkedin
Ex-PayPal boss Thompson backs Canadian fintech Payment RailsEx-PayPal boss Thompson backs Canadian fin...
6054 views comments | 10 tweets | 12 linkedin

Featured job

Find your next job