Deadline for EFTPOS upgrade approaches

Payments NZ is reminding merchants to check the age of their EFTPOS terminals as an important deadline for upgrading older models approaches.

Any devices running on the PCI 3.x standard will no longer be compliant after 30 June 2024, leading to their disconnection from New Zealand’s payment network.

Payments NZ chief executive Steve Wiggins says hardware is phased out as more modern and secure technology becomes available and ensuring EFTPOS devices are operating with the latest standards helps keep the risk of card fraud low.

“It’s encouraging to hear from banks and terminal vendors who have been directly communicating the changes to merchants that the vast majority have replaced the older devices already,” says Mr Wiggins. “However, there may still be some merchants that are yet to make these important upgrades.

“We strongly advise any merchants still using 3.x terminals, or who are unsure, to speak with their terminal provider as soon as possible.”

Payments NZ says that anyone unsure as to whether they are using PCI 3.x devices should check with their hardware provider.