Story image

BNZ's upgrades its portable card reader

20 May 2015

BNZ's portable card reader PayClip has been enhanced to offer a wider range of payment cards including EFTPOS, the bank announced today. 

The PayClip technology transforms most Android and Apple smartphones into mobile credit and debit card payment devices, allowing businesses to securely receive payment from EFTPOS, Visa and MasterCard cards when access to data is available. 

BNZ’s head of small business, Harry Ferreira, says the bank is pleased to roll-out the enhanced technology, which he says helps small and medium-sized businesses get paid quickly when they’re on the move. 

“PayClip has been available to our customers since September 2013, and we've worked closely with them to deliver even better value through compatibility with more smart devices via Bluetooth connectivity, increased payment options and contactless payment technology,”Ferreira says. 

“PayClip users will now be able to accept Visa and MasterCard cards and EFTPOS transactions using contactless, swipe, chip and PIN via Bluetooth.” 

The separate device has replaced the previous PayClip card reader attached to smartphones via the audio jack. Existing customers have upgraded to new PayClip in recent weeks, and from today PayClip is available to new customers. 

“Our customers tell us that PayClip has made a huge difference to their cash flow and made it easier to do business, but most importantly it has enabled them to increase their profit,” Ferreira says. “PayClip enables businesses to reach new customers and therefore sell more products and services.” 

Olly Van Arts, owner of sunblock company Skinnies, says he has found PayClip to be a valuable business tool. 

“On average, PayClip allowed us to sell around 40% more product at a recent Home and Garden show. As people don’t always have cash on them, the option of credit/debit card payment made it easy for us and our customers,” he explains.

“As a business tool, for us it's extremely mobile/portable fits our brand of being cutting edge yet simple, and streamlined purchases straight to our bank account.”
Ferreira says that the innovative technology is “one of a number of BNZ products and services to enable New Zealand businesses be good with money”. 

“One of the biggest pain points for small and medium businesses is managing cash flow while awaiting payment,” he says. “PayClip provides the convenience of receiving payment wherever and whenever businesses are trading.”  

PayClip has a monthly rental fee of $30 plus GST per device for new customers with no up-front cost or contractual term. It is compatible with Apple smartphones that support operating system iOS7 and above, and Android smartphones that support 4.0 and above. 

Need the perfect flatmate? AI can help
A Kiwi entrepreneur has developed a flatmate-finding service called Mogeo, which is an algorithm that matches people to the perfect flatmates.
GoCardless to double A/NZ team by end of year
With a successful E round of investment and continuing organic growth globally, the debit network platform company aims to expand its local presence.
NZ’s Maori innovators are on the rise
“More iwi investors need to recognise that these sectors will provide the high-value jobs our children need."
Phone ringing? This biohack wants you to bite down and ChewIt
So your phone’s ringing, but instead of swiping right or pushing a Bluetooth button you bite down on a tiny piece of tech that sits in your mouth.
How big data can revolutionise NZ’s hospitals
Miya Precision is being used across 17 wards and the emergency department at Palmerston North Hospital.
Time's up, tax dodgers: Multinational tech firms may soon pay their dues
Multinational tech and digital services firms may no longer have a free tax pass to operate in New Zealand. 
Spark’s new IoT network reaches 98% of New Zealand
Spark is the first company to confirm the nationwide completion of a Cat-M1 network in New Zealand.
WhatsApp users warned to change voicemail PINs
Attackers are allegedly gaining access to users’ WhatsApp accounts by using the default voicemail PIN to access voice authentication codes.