Hypercom Acquisition Update
August 4, 2011
To Our Valued Customers:
It is with great pleasure that I inform you that earlier today, VeriFone completed the acquisition of Hypercom Corporation. The U.S. point-of-sale business was sold to private equity firm The Gores Group LLC. In Spain and the U.K., most Hypercom assets were sold to a wholly owned subsidiary of KleinPartners Capital Corp.
Consistent with our vision as a global leader in secure electronic payment solutions, we placed strategic focus on strengthening our success in key markets. This acquisition is an excellent and complementary way for us to accelerate our overseas growth, increase innovation and build value for our customers, employees and shareholders.
As part of our integration of Hypercom’s international products and services, VeriFone plans to grow and enhance all major product lines that existed prior to completing this acquisition. Products will retain their product identity and gain the strong VeriFone brand identity. In Latin America, the Hypercom brand will be retained for a time during a transitional phase.
As with all growth opportunities, this strategic acquisition strengthens our position as the trusted, worldwide leader of the electronic payment industry. We plan to continue growing at above-average industry growth rates and we will continue to look for complementary additions to VeriFone.
Thank you for your continued support.
Regards,
Doug Bergeron
VeriFone CEO
Google takes the wraps off mobile wallet
2nd June 2011
Google is to launch field trials of its much anticipated Google Wallet NFC Android app in partnership with VeriFone, MasterCard, Citi, Sprint and First Data.
Paymark starts disconnecting old Eftpos terminals
2nd June 2011
Ninety-one Eftpos terminals were upgraded by retailers to meet the new specifications yesterday - saving them from being shut down by network provider Paymark.
Chief executive Simon Tong said 429 of about 4000 non-compliant terminals were disconnected yesterday. Originally, 520 were earmarked for disconnection but 91 machines were upgraded just in time.
Full Article
Shutdown begins for outdated Eftpos terminals
01st June 2011
Around 650 Eftpos terminals will be disconnected today because retailers have failed to upgrade the machines to the latest requirements.
There are 4000 terminals - including those that will be disconnected today - that have not been upgraded to the new specifications despite numerous letters, phone calls and warnings from provider Paymark.
Full Article
EFTPOS upgrade deadline looms
24th May 2011
Thousands of eftpos terminals across the country are yet to be upgraded, despite repeated warnings from their provider about the need to do so by June 1.
Latest figures show 4500 terminals have not been upgraded and will be disconnected from the network if they don't meet next week's deadline.
Full article
Eftpos shutdown for 400 businesses
14th March 2011
Hundreds of retailers will be switched off from the Paymark network from today because they have failed to heed months of warnings about upgrading out-of-date eftpos machines.
About 400 terminals from a cross section of the business community, were due to be disconnected from the network today because they posed a risk to the safety and security of transactions, Paymark said.
Click here for full article
15th March 2011
Four hundred retailers had their Eftpos terminals shut down by Paymark yesterday to ensure they update their machines to new chip-based technology in time for the Rugby World Cup.
Until these retailers buy the $1000 machines, they will only be able to process cash payments.
Retailers Association head John Alberton said retailers have had ample warning and the majority of the 400 had "very old technology".
Click here for full article
VeriFone to Acquire Hypercom to Accelerate Global Expansion
18th November 2010
SAN JOSE, Calif. & PHOENIX - VeriFone Systems, Inc. (NYSE:PAY - News), a global leader in secure electronic payment solutions, and Hypercom Corporation (NYSE:HYC - News), the high security electronic payment and digital transactions solutions provider, today announced a definitive agreement under which VeriFone will acquire Hypercom in an all-stock transaction valued at approximately $485 million, including net debt assumed by VeriFone.
Click here for full article
Retail turmoil alert as eftpos upgrade looms
15th November 2010
The retail sector could be left in chaos and crucial sales refused if businesses fail to meet a deadline to upgrade their eftpos terminals.
Latest figures show 45,000 terminals have yet to be upgraded by retailers across New Zealand, despite repeated attempts by Paymark to detail the impact on businesses who don't comply.
Police too quick for eftpos card fraudsters
15th November 2010
An international crime syndicate stealing up to $125 million a year by tampering with eftpos machines was stopped by Auckland fraud detectives before any customers lost cash.
Retailers Slow to Make Critical EFTPOS Upgrades
11th August 2010
Statistics released today by Paymark, New Zealand’s leading payments provider, reveal that crucial EFTPOS upgrades across the country are happening, but not nearly fast enough.
Eftpos deadline may catch out some firms
11th August 2010
Nearly 60,000 retailers will be reduced to cash-only trading for the Rugby World Cup if they fail to meet a deadline to upgrade their eftpos terminals.
Pair admit to eftpos scam
24th July 2010
Two Canadian men have admitted their part in an alleged international crime syndicate which secretly modifies eftpos machines in shops to steal customers' credit card details.
Canadian Eftpos fraudsters indicate guilty plea
23rd July 2010
Two Canadian men charged with modifying Eftpos machines in order to steal customers' credit card details indicated they would plead guilty in court today.
Giovanni Patroni-Hernandez and Guillermo Alexis-Esquizel, who had been in custody, appeared in the Auckland District
Court where they were initially going to make applications for bail but instead made requests to plead guilty.
A third man, Jonathon Burrel, was also meant to be appear in court today.
His lawyer, Tracey Spencer, declined to talk to NZPA about the status of his case.
The two men were further remanded in custody until their sentencing on October 7.
Broadband to deliver “contactless” payments
22nd July 2010
According to the Deloitte Rugby World Cup economic impact analysis we can expect 70,000-plus overseas visitors with an estimated $1.25 billion burning a hole in their pockets, come the 2011 tournament.
Many are expected to have the now ubiquitous “chip” cards (America and Asia; with Australia, the UK and Europe closing rapidly), enabling “contactless” transactions which greatly speed-up customer processing. Cardholders simply tap the card on a reader at the point-of-sale (POS), removing the need for cash and swiping or inserting cards, says Alan Sharpe, product and marketing manager at EFTPOS NZ.
“These cards have an embedded micro-chip and antenna which uses RFID and encryption technology to make payments fast and secure.
“We have developed one-way and two-way interfaced solutions on the VeriFone Vx810 DUET, utilizing broadband connectivity. The interfaced solutions will allow terminals to connect directly to selected POS systems, removing the need for operators to double-key information.
“Some 60,000 terminals need to be upgraded before 1 June 2011. Particularly, if you are in the retail, tourism or hospitality sectors, you should be thinking about ensuring your new terminal can accept contactless payments,” Sharpe says.
Click here for the full article.
Threats, bribes as fraudsters target Eftpos devices
17th July 2010
Three Canadians have been arrested in what police say is an international crime syndicate, which secretly modifies eftpos machines in shops to steal customers' credit card details.
Click here for the full article.
Police arrest Eftpos thieves
16th July 2010
VeriFone Shipped Eftpos Security Device
25th May 2010
VeriFone Systems, Inc. (NYSE: PAY), today announced a new layer of PIN entry device (PED) security designed to thwart criminal installation of compromised devices at retail locations. The VeriFone PED Authentication Service (VPAS) adds an exclusive layer of on-site security to monitor devices in use to ensure they are legitimate. Click here for full article
All NZ Eftpos terminals to get upgrade before 2011
25th May 2010
The Rugby World Cup is expected to be a billion dollar cash cow for retailers, but it will also make them dig into their pockets.
All 60,000 Eftpos terminals across New Zealand must be upgraded before June next year to meet new global security and technology standards.
Click here for full article
Sektor Opens its New Christchurch Office
3rd May 2010
Sektor continues to increase its support for the South Island’s POS, Mobility, EFTPOS, Security & Signage resellers with the addition of a new sales premises in Christchurch. Mark & Dirk Spoelstra, “Brothers in Arms” as it were, have moved into new offices at an old address that many of their resellers will be familiar with.
Sektor Distributors Ltd
Unit 1B, 6 Sir William Pickering Drive
Burnside
Christchurch 8053
The new offices in Christchurch will enable Sektor to expand its support & service commitments to the reseller community in-keeping with the goal of being NZ’s most innovative solutions distributor. Activities anticipated in the new location will be the hosting of supplier events & training programs, reseller product training & familiarisation, as well as providing a neutral location for resellers to demonstrate products & systems to their customers.
It’s also planned to have monthly focus on new products to enable resellers in their own time to familiarise themselves with Sektor’s latest offerings and the opportunity discuss new market possibilities informally. In the next few months products to be featured will be; Stinger POS/Surveillance software, Panasonic security, Panasonic Digital Signage, Panasonic Toughbook, Verifone’s Duet Eftpos terminal, HP’s ap5000 terminal and Panasonic’s JS925WS new all-in-one terminal offering amongst others.
Please note that the Christchurch office is a sales office only and that all service & warehousing functions will still be operating out of Auckland H.O.
Mark & Dirk look forward to hosting Sektor’s suppliers, South Island resellers & their customers.
Sektor Roadshow article from Reseller Magazine
03 May 2010
Vendors who showcased point of sale (POS)-related wares at Sektor’s recent roadshow in Auckland, say newer technology in the industry is gaining popularity locally.
VeriFone Vx810 Duet released at Sektor Roadshow
19th April 2010
VeriFone’s revolutionary Vx810 Duet was released in New Zealand last week at Sektor’s Roadshow.
The Duet is a unique offering from VeriFone with a high quality one-piece terminal providing two-piece like functionality, including a large bright white display and the latest ergonomic styling. It’s easily the best looking terminal in the market.
The Duet configuration has all the terminal processing effected by the PIN pad (the terminal application, security and processing is all done in the Vx810 PIN pad) and the stand that the PIN pad sits in provides the printer and communications.
The Vx810 Duet runs the full suite of VeriFone applications in New Zealand, including all the value added applications. It is a countertop solution and has both dial and IP communications options.
The Vx810 Duet is also fully supported by the VeriCentre Terminal Management system.
• One piece terminal with a two piece feel.
• Dial or IP Ethernet comms
• Interface ready
• Sleek look and feel
• Large easy read white screen
• Eftpos and Value added applications
• VeriCentre supported
• Paymark Software Available
• ENZ Software Available
All the background material on the Duet (including the new brochure) is available on the Sektor Payments website.
Vx810 Duet terminals are now available ex stock.
WCC 6.0 Available
26th January 2010
Sektor is pleased to announce that the testing and certification of the Westpac Currency Conversion application for the Verifone Vx510/SC5000 is now complete and approved for installation.
Merchants utilising the Paymark 5.1 version of the solution should now be upgraded to version 6.0.
The Paymark software version required to support the WCC application is the latest version certified just prior to Christmas 2009 (Terminal version ETSLNZ 7013 and PIN Pad version 42). NB: The PINpad and terminal versions must match in order for the solution to operate.
In order to activate new WCC merchants using the above mentioned hardware and software combination, please follow the existing Westpac process in conjunction with the Westpac merchant representative.
Sektor Payments Website launched
30th November 2009
Sektor Payments went live today with its new website www.setkorpayments.co.nz. The site is a dedicated EFTPOS site with comprehensive industry and product information available on the full range of VeriFone EFTPOS solutions.
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Tech Trans LP and Sektor Merge
01 July 2009
Sektor Distributors and Tech Trans LP have confirmed plans to merge their two organisations. With Sektor's range of retail technology and Tech trans VeriFone EFTPOS terminal range, this will create the first distributor in New Zealand to offer resellers all components of the technology required in a retail enviroment.
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