Cadmus Targets Australian Bank Channel with EMV

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Cadmus Targets Australian Bank Channel with EMV terminals

Payment solutions company, Cadmus Technology Limited (NZX: CTL), today announced it has achieved a new certification from global payment services company, First Data.

The certification is an important strategic win for Cadmus as First Data is a leading provider of electronic payments processing services. The win allows Cadmus EMV and TripleDES enabled terminals to be deployed to merchants across Australia. Further, it is likely to open the door for Cadmus Technology in other larger geographies.

“This is an important certification for Cadmus,” says Cadmus’s Director of International, Sales and Marketing, Pat McCammon. “It is an endorsement of our technology from an established global payments certifier – which will initially enable us to deploy more terminals and increase our market presence across Australia. It also opens up a number of new international market opportunities to rollout our Cadmus terminals with EMV and TripleDES functionality.”

Adds McCammon: “It confirms that our company continues to meet the stringent international Smart Card standards – including the recently adopted EMV standard.”

The global adoption of the EMV standard is a main focus Cadmus Technology, given the total replacement market is estimated at 40 million units, or approximately 6.9 million units per annum.

Cadmus Technology is the sole New Zealand manufacturer and exporter of payment terminals and targets global markets as well as replacement opportunities in its existing customer base.

ENDS

About Cadmus Technology

Cadmus Technology Limited (NZX: CTL) designs, develops and implements innovative point-of-sale payment solutions for merchant businesses worldwide. The company is New Zealand’s largest manufacturer and exporter of payment terminals, with an increasing customer base developing internationally. The company offers payment and data management solutions, including EFTPOS and data capture terminals, loyalty programs and customer relationship management solutions. Cadmus also provides end-to-end payment solution and data management services for retail, business payment and transactional processing requirements.

Clients include Bank of New Zealand, TAB, Wellington Combined Taxis, Bartercard Australia Pty Ltd, On-Q Business Systems Pty Ltd, eScience Systems Malaysia, Paysys (M) SDN BHD, Coles Myer Australia, Caltex Australia, Harvey Norman Australia, Bi-low, Priceline and Franklin's.

For more information, please visit www.cadmustechnology.com

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