Eftpos software update
You may have received a letter from paymark stating your eftpos terminal needs an update before April 2020.
This applies to all Ingenico terminals currently running 2014 or 2015 software, after which these terminals will cease to operate.
If you are unsure whether your terminal needs an update, especially if you own the equipment please contact us.
What is Software Compliance?
Software Compliance is the term used to cover the management of the application software in the Ingenico terminal fleet, and ultimately, the ongoing security and compliance of the New Zealand payments industry.
By way of background, in 2012 a number of important new requirements were introduced into the New Zealand payments market around ensuring that EFTPOS terminals are kept in a compliant state for the duration of their service life.
Among these new requirements, all terminal Vendors operating in the New Zealand market, now have a legal responsibility to ensure that payment devices deployed to the field are kept up to date with current software. Whilst we continue to drive innovation in the New Zealand payments market, we also need to share the responsibility of safeguarding the security of electronic payments from potential fraudsters, hackers and scammers.
With the ever-increasing pace of technological change in the payments arena, we expect that the frequency of EFTPOS terminal software releases will increase.
It’s important to note that these new requirements for participants in the payments market are compulsory - not optional – for us all to operate in New Zealand.