Verifone, through its subsidiary Eftpos New Zealand, supplies terminals directly to merchants under the EFTPOS brand.
And Verifone also supplies payment terminals to resellers on a wholesale basis, as well as payment processing services.
The parent company of Verifone New Zealand, Verifone Inc is a global manufacturer and supplier of terminals and payment processing services - and Smartpay is also a supplier of payment terminals to merchants in New Zealand.
A public version of the clearance application will be available shortly on the Commission’s case register.
Smartpay Holdings announced in November it would sell its New Zealand business and assets to US payment terminal business Verifone Inc for NZ$70 million.