MEDIA RELEASE FOR IMMEDIATE RELEASE
Cadmus First to Make Foreign Currency EFTPOS Available
Cadmus Technology Supplies BNZ Merchants with Foreign Currency Conversion Software
Auckland, 30 January 2007 – Advanced payment solutions company, Cadmus Technology Limited (NZX: CTL) says that it has
built a unique EFTPOS solution with Bank of New Zealand (BNZ) and Pure Commerce PTY Limited (Pure) that allows
international tourists to pay for goods and services - purchased in New Zealand via their Visa or MasterCard - in their
home currency.
Following an approach by BNZ, Cadmus developed the software solution for the CurrencySelect EFTPOS facility in
association with Pure using Cadmus’s latest AC8000M EFTPOS terminal. The system has already been installed in high
profile visitor sites such as Scenic Circle Hotels.
Paul Jamieson, Cadmus’s Relationship Manager for BNZ says that CurrencySelect EFTPOS is another project where Cadmus was
able to demonstrate its leadership in designing, developing and delivering an EFTPOS solution to meet specific customer
needs and to ensure that BNZ was the first to market with this new facility.
“Cadmus is proud of its track record in successfully developing and deploying specialist EFTPOS solutions, and BNZ’s
CurrencySelect EFTPOS is another good example of an application that is fully compatible with all international
standards such as EMV and Triple DES whilst also giving merchants additional services and capabilities,” says Jamieson.
“The software behind the CurrencySelect EFTPOS feature converts the New Zealand dollar amount of any identified
overseas issued Visa and MasterCards into their domiciled currency such as United States dollars or Swiss Francs.”
“BNZ needed an EFTPOS solution that was not just shrink-wrapped or off the shelf which is why they turned to Cadmus to
create a specific software application that works with our advanced AC8000M terminals to provide the currency conversion
specified for the Bank’s customers.”
Jamieson also says that Cadmus’ ability to develop specialist solutions for niche markets is a strong competitive edge
which is seeing increasing new business demand for the Company’s EFTPOS technology both in New Zealand as well as
overseas markets.
“Anecdotally we understand that there are approximately 3,000 - 4,000 businesses in New Zealand that provide various
services to overseas tourists, and each one these could benefit directly from Cadmus’ EFTPOS Currency Conversion
solution.”
ENDS