Smart Pay (NZX: SPY), New Zealand's leading merchant services provider today announced that it had won the contract to upgrade listed corporate food retailer Restaurant Brands to an integrated EFTPOS solution and call centre payments gateway.

Statistics released today by Paymark, New Zealand's leading payments provider, reveal that crucial EFTPOS upgrades across the country are happening, but not nearly fast enough.

Viaduct has come up with a cost-saving solution to help retailers respond to changes in EFTPOS technology and the increased risk of card fraud.

60,000 EFTPOS terminals across New Zealand must be upgraded by June 1st 2011 in order to meet new global security and technology standards. With the Rugby World Cup commencing shortly after June, retailers need to get on with the task of upgrading their equipment.