EFTPOS in New Zealand had a fairly humble beginning, launching in 1984 via a bank computer connected to a Woolworths Supermarket and Shell Service Station.
At that time New Zealand’s fledgling electronic transaction services fell into two camps and it wasn't until the four banks of the time decided to combine what was two networks into one entity in 1989 that Electronic Transaction Services Ltd (Paymark) was born. With one company running a national real-time payments network, New Zealand led the world and still does.
Since then Paymark EFTPOS and eCommerce solutions have become so embedded, so trusted - that the New Zealand public rely on us to ensure that electronic and online purchasing is available wherever purchases for goods and services need to be made. We are the middleman, empowered to move money from the customer's account to the merchant’s account, and do it reliably, safely and securely.
Our growth and success has enabled the sale of Paymark to a world leader in the payments industry, Ingenico Group. Ingenico has more than 35 years of innovation in the payments industry and continue to grow their expertise through the ambition to facilitate merchants’ transition to multi-channel sales through Ingenico’s comprehensive range of smart terminals, payment services and mobile solutions.
Together, Paymark and Ingenico Group will continue to bring New Zealand world class innovative products and services.
We operate one of the best electronic payments systems in the world.
We invest heavily in technology, and our network stands up to the most rigorous global standards, including the new global EMV (EuroPay, MasterCard, Visa) compliance. We use secure encryption technology, and operate in accordance with strict requirements for service providers set out in the Payment Card Industry Data Security Standard (PCI DSS) to ensure the security of cardholder data. Operating with clear and consistent payments standards is essential to our business.
We also run an annual compliance programme that ensures we continue to evolve our information systems to meet the changing requirements of the payment card industry. We have built many long-term relationships with card issuers in order to provide a range of additional services and solutions that only our technology combined with our experience allows.
Delivering solutions that make paying electronically easier and more intuitive in a period of unprecedented change is challenging, but we believe that wherever you are in the world you should be able to transact easily from a range of devices. That is why, if you looked closely at our company, you’d see that our Technology team is by far the largest.
We have a fantastic legacy to build upon and will continue to grow our core technology to support the development of a full suite of modern, world leading payments products.
Want to be apart of the future? Connect with us.