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News

• ProvencoCadmus supports SmartPay

  New Zealand electronic payments processing provider SmartPay has signed a distribution agreement with Eftpos developer ProvencoCadmus to distribute SmartPay's IP-POS service.

• SmartPay restructures, sheds 25% of staff

  NZX-listed payments technology and wi-fi company SmartPay has restructured, shedding up to 10 staff, to focus on its three main markets: telecommunications, music/media and taxi payments.
  Managing director Ian Bailey, formerly of Cadmus, says SmartPay has reduced its overheads by consolidating all staff into one building, reviewing its headcount, consolidating its multiple operating entities and implementing new accounting and reporting systems.

• Provenco-Cadmus merger facing tough times

  The recently-merged entity of eftpos providers Provenco and Cadmus is being affected by the harsh economic climate, the merged entity says.

• Merged Cadmus-Provenco board announced

  Progress is being made towards the merger of electronic payments companies Provenco and Cadmus.

• Provenco and Cadmus announce merger

  The boards of New Zealand Eftpos and payments technology companies Provenco and Cadmus have recommended a merger to their shareholders.

• Kiwi payments industry unifies for global push

  A group of New Zealand payments organisations has formed a Payments Forum to promote the New Zealand payments industry to the world.

• Cadmus creates unit for notes issue

  Cadmus has created a subsidiary, Cadmus Developments, to issue the secured notes.