Second chip card to be released

Another chip credit card from Eftpos New Zealand is to be launched, following the release of ANZ's Zed card last year.

Another chip credit card from Eftpos New Zealand is to be launched, following the release of ANZ's Zed card last year.

Fisher & Paykel Finance, the finance subsidiary of the whiteware manufacturer, will begin trialing the card in the next few weeks, with a full rollout to begin in the first quarter of the year.

Like ANZ's Zed, the Fisher & Paykel chip card is the result of a joint venture with Eftpos New Zealand, which is developing terminals to process transactions using the cards.

The "eklick" terminals, with 2MB of memory, will enable chip card holders to take advantage of loyalty programmes and there is the potential for third party applications.

At the launch of the ANZ chip card last year, Eftpos NZ director Peter Marshall said examples include public transport operators and cinema chains, with cardholders able to load up their accounts and pay using the chip card, taking its functionality beyond conventional credit card transactions.

Marshall says more partnerships with card issuers are planned.

The chip has a 16KB capacity and is manufactured by Philips, Eftpos NZ product manager Annie Clare says.

Sales of the eklick terminals are progressing well, Clare says, with 3000 sold before Christmas and a rollout of 30,000 nationwide planned.

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