SMARTPAY SIGNS MAJOR STRATEGIC CONTRACT IN AUSTRALIA
Monday, February 20, 2012

AUCKLAND,  20th February 2012- SmartPay (NZX: SPY), a leading provider of payments and transactional solutions in Australia and New Zealand, today announced that it has signed a five year agreement with Bendigo and Adelaide Bank Limited (the "Bank") for the provision of an initial 4,000 of SmartPay's EFTPOS terminals to the Bank's merchants on a rental basis.

Bendigo and Adelaide Bank is the first alternative to Australia's major banks with a growing base of merchants nationwide.

 

Under the agreement SmartPay will upgrade an initial 4,000 of the Bank's merchant terminals to be EMV compliant and meet the latest banking security standards for Australia.

 

SmartPay CEO Bradley Gerdis says "This is a significant milestone for SmartPay as it signals our entry into the sizable Australian merchant market, a natural progression from our long standing presence in the Australian taxi payments market through our relationship with Live Taxis."

 

Gerdis added "An important component of this transaction is the certification of our EFTPOS terminals on the Strategic Payments Services ("SPS") transaction processing switch.  SPS is a leading independent electronic payments processing switch in Australia and the switch of choice of Bendigo and Adelaide Bank.  This follows the certification of our terminals on the Westpac transaction processing switch last year and is expected to open up additional avenues for terminal deployment growth into Australia.

 

"Bendigo and Adelaide Bank has an enviable history of payments innovation in Australia and we look forward to offering our extensive suite of innovative payments solutions to their broader merchant base."

 

Greg Devlin, Bendigo and Adelaide Bank Head of Access & Payment Systems says that the SmartPay proposal was timely and provides a good solution for the bank especially with finalising its EMV rollout.

 

"We look forward to working with SmartPay in delivering an innovative approach in the Australian market to servicing our merchants. There is a great opportunity going forward for Bendigo and Adelaide Bank and Smart Pay to set the benchmark for the support of businesses with their payment needs ." says Devlin.

 

The terminals are expected to be delivered around end March 2012 with installation at the merchants spanning the following few months.

ENDS

For further information contact:

 

Wayne Johnson, Chairman SmartPay Mobile +61 411 544 449

Bradley Gerdis, Group CEO, SmartPay, +61 410 623 338

Julien Leys, JML Communications, +64 21 655 598

About SmartPay Limited

SmartPay is a leading provider of integrated merchant services utilising the Internet and broadband connectivity.

 

SmartPay's product set includes:

1. Telecommunications products and services including Voice Over IP, Broadband, EFTPOS terminals and secure EFTPOS internet connectivity
2. Audio and video, music, messaging and media via its Retail Radio product set.
3. Prepayment products and transactional processing services for the taxi industry.

 

SmartPay Core Products include:

 

•           Wi-Fi - one of the largest networks in New Zealand

•           In-store Audio Visual Promotional Systems - Retail Radio

•           Internet enabled EFTPOS equipment sales and rental

•           Gift Cards

•           Secure Internet Payments

•           Mobile Top-up

•           Calling Cards

•           Bill Payment Solutions

•           Voice over IP (VOIP)

•           Online Payments

For more information visit - www.smartpayltd.com

 

About Bendigo and Adelaide Bank

The Bendigo and Adelaide Bank Group was formed in November 2007 as a result of the merger between Bendigo Bank and Adelaide Bank. A publicly listed company, the group is owned by more than 82,000 shareholders.