16th Jan, 2017

Upgrade today: Why compliance is key

Did you get a letter from Paymark saying you need to upgrade your terminal software or hardware before 30 April 2017 or you’ll be disconnected from the Paymark Network? Wondering why you need to upgrade?

All merchants with PCI 1.3 version hardware, or terminals running software versions 6.1 and 2013, must upgrade prior to 30 April 2017 to ensure that you can continue taking electronic payments. As an upgrade can take time, we recommend that you contact us on 0800 EFTPOS, or your current terminal provider, as soon as possible.

Why we need to keep eftpos hardware and software up to date

It’s really important that the payments industry continually works to keep the payments process safe for cardholders and protect merchants from brand-damaging fraud. Every payment terminal or software version in the market enters into a life cycle. This ensures that the whole payments ecosystem is kept at the forefront of payments security by continuously upgrading software versions and devices to meet industry standards.

Terminal compliance is an important part of accepting electronic payment, but we know it can be a little confusing. Here at EFTPOS NZ we pride ourselves on taking the complexity out of payments for our customers. That’s why we provide FREE compliance upgrades on our entire range of future-proofed Verifone devices when you sign up for our subscription based services. Ensuring you don’t have to worry about compliance or upgrades for the life of your contract.

What do I need to do?

If you lease your terminal through EFTPOS New Zealand we have either already upgraded you or we are in the process of doing so. If you are with a different terminal provider or have purchased your own terminal you should have received a communication if you are affected. A list of terminals sorted by version can be found here on the Payments New Zealand website.

Confused? We can help!

Your upgrade is a great chance to talk to us about solutions and value added services to fit your business needs. Whether you need an eftpos terminal for your store counter, a portable eftpos solution, or an integrated solution EFTPOS New Zealand has a reliable and cost-effective eftpos solution.

Spend less time worrying about compliance, and more time running your business. Want to know more? Get in touch.

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