Cadmus cracks Asian market

The Auckland-based payment solutions and data management services provider says the agreement with PaySys International is worth nearly a million dollars.

Initially Cadmus will supply 500 terminal with another 500 due by the end of the year.

The company says its EFTEL 350 terminals provides PaySys with the added capability of an integrated secure bank terminal, phone and data capture device, with the option of data being captured and transmitted either in a batch mode or on-line.

The terminal also has the capability to provide e-mail and/or messaging, including advertising messages, which can be remotely delivered to the terminal display or a printer screen.

Cadmus Tech executive, Pat McCammon, says the company sees the deal as the first of many wins in the region.

"The partnership allows Cadmus to gain access to the lucrative Asian market, while it enables PaySys to capture increasing market share of the local Malaysian merchant and bank markets."

As part of the agreement Cadmus will develop an add-on software application to enable the terminal to accept American Express transactions.

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