ANZ sells EFTPOS New Zealand to VeriFone

ANZ, the country’s biggest bank, has sold its eftpos terminal leasing unit EFTPOS New Zealand (ENZ) to global payments company VeriFone Systems.

The deal also involves New Zealand technology distributor Sektor Group, which has sold its EFTPOS division Sektor Payments to VeriFone.

Sektor Payments, New Zealand’s largest EFTPOS distributor, has distributed VeriFone EFTPOS terminals exclusively for the last three years.

The retail technology, networking and mobility divisions of Sektor are not involved in this transaction and remain in their current form.

All electronic payment terminals and switching services in New Zealand will now be provided by NYSE-listed VeriFone – a move that could hasten the release of international point of sale products here.

A sale price has not been disclosed and the transaction will be finalised early next year.

ENZ’s sale comes as ANZ simplifies its local business, having announced its plans to ditch the National Bank brand over the next two years ahead of the expiration of its brand licence with the UK’s Lloyds TSB.

ANZ’s managing director business banking Fred Ohlsson says: “While the merchant acquiring business is part of our core bank offering, the terminals and POS switching businesses are an increasingly specialist technology business and it makes sense for it to be owned by VeriFone."

ENZ has more than 40,000 customers throughout New Zealand. It posted a profit of $6.7 million in the 2010 financial year on sales of $29.2 million, according to financial statements lodged with the Companies Office.

The ENZ brand and all its permanent staff will be retained, although it is unclear how many of its 160 employees are permanent.

ANZ New Zealand will continue to provide merchant-acquiring systems – essentially the processing of fund transfers – through a unit known as ‘ANZ Merchant Business Solutions’.

Sektor Payments general manager Andre van Duiven says the acquisition by VeriFone comes as the industry requires more sophisticated compliance management and security.

“This simplification of the international supply chain provides a much more responsive technical and commercial structure,” Mr van Duiven says.

“This means new global compliance and security initiatives can be introduced faster to merchants in New Zealand.”

VeriFone’s existing reseller channel model in New Zealand will not be altered.

Additional reporting BusinessDesk

4 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Post Comment

4 Comments & Questions

Commenter icon key: Subscriber Verified

A week after the Viaduct sale to Smartpay - what is going on ?

  • 0
  • 0

there is no money in terminals.....

  • 0
  • 0

What will paymark do? buy dps, resell Ingenico or maintain the status quo?

  • 0
  • 0

Long term this makes sense, plastic cards and 'traditional' EFTPOS terminals are about to become obsolete - it is inevitable that most transactions will be done using smartphones and the internet within the next five years.

  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot


Sym Price Change
USD 0.6952 0.0000 0.00%
AUD 0.8901 0.0000 0.00%
EUR 0.5907 0.0000 0.00%
GBP 0.5276 0.0000 0.00%
HKD 5.4294 0.0000 0.00%
JPY 78.9230 0.0000 0.00%


Commodity Price Change Time
Gold Index 1278.6 -9.430 2017-10-20T00:
Oil Brent 57.8 0.550 2017-10-20T00:
Oil Nymex 51.9 0.580 2017-10-20T00:
Silver Index 17.0 -0.177 2017-10-20T00:


Symbol Open High Last %
NZX 50 8124.1 8142.3 8124.1 0.07%
NASDAQ 6633.4 6640.0 6605.1 0.36%
DAX 13057.8 13063.6 12990.1 0.01%
DJI 23205.2 23328.8 23163.0 0.71%
FTSE 7523.0 7560.0 7523.0 0.00%
HKSE 28360.0 28519.8 28159.1 1.17%
NI225 21391.0 21489.3 21448.5 0.04%
ASX 5896.1 5924.9 5896.1 0.17%