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Cadmus inks Bendigo Bank deal

25 July 2006  |  1843 views  |  0 Source: Cadmus Payment Solutions

Cadmus Payment Solutions Pty Ltd, a lead provider of payment solutions announced today that it has signed a commercial supply agreement with Bendigo Bank Limited (BBL) to support and deliver Bank of Bendigo EFTPOS and banking services directly to merchants introduced by Cadmus.

Cadmus is a leading provider of advanced payment and EFTPOS solutions to the Australian market and has built a strong relationship with BBL over the last two years. The agreement will see Cadmus and BBL working closely together to provide a greater range of payment solutions to merchants and customers across Australia.

Patrick O'Brien, Managing Director of Cadmus Australia says that he is delighted with the ongoing relationship with BBL and being part of another pioneering first.

"This marks an important milestone as it is now the first time that we can provide merchants directly with EFTPOS, payment and other banking services via the BBL network. Cadmus sees significant growth both from the sales of terminals to merchants throughout Australia as well as from the proportion of revenue generated at the transactional level. We expect to see significant demand as the EFTPOS and banking services market opens up, and having BBL's nationwide retail network will match our payment solutions offering to merchants perfectly," says O'Brien.

David Spence, Senior Manager Card and Business Delivery Services for Bendigo Bank, says that the deal with Cadmus will see benefits that flow to existing and new customers who take advantage of the payment solutions services that both companies provide.

"The agreement will expand the company's ability to deliver a greater range of banking services and payment solutions to the growing Australian market.

"This is an important chapter in Bendigo Bank's future, and the association with Cadmus will continue to provide us with a robust, scalable technology platform that will deliver our clients the very latest in electronic payment banking services, including many new features as these are introduced to market," says Spence.

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