News / Archive 2005

20 October 2005

Customers do it their way
on new Vodafone Hotlink™

Six months after Vodafone New Zealand launched its HotLink service – allowing customers to use mobile phones to top up prepay or account balances directly from a nominated bank account – customers are using the new service in unexpected ways. read more

20 October 2005

eFunds signs to distribute GFG Group’s
simulation and testing tool GFG:FINsim

GFG Group has signed a worldwide distribution agreement with eFunds, which will see GFG’s innovative GFG:FINsim testing and simulation software made available more widely, particularly in the North American market. read more

1 August 2005

GFG launches card services in OZ

New Zealand-owned payment systems vendor GFG Group has launched an outsourced credit and debit card system into Australia. read more

29 July 2005

Outsource deal looks far beyond banks

A highly specialised payment solutions company has launched for a new offer that may change the face of finance as smaller companies get to compete with their big brothers. read more

21 July 2005

CIT Group first to use new GFG:Utility
outsourced credit and debit card service

CIT Group (Australia) Limited – the subsidiary of global finance and leasing giant CIT Group Inc. – is the first customer to use a new outsourced credit and debit card service from payments specialist GFG Group. read more

20 June 2005

GFG:Mobile powers new Hotlink™ service for Vodafone New Zealand

Vodafone New Zealand has launched a new service which allows customers to top up their Prepay or On Account balance directly from a nominated bank account using their mobile phone. read more

2 May 2005

GFG posts strong revenue and growth

GFG Group has reported strong growth in revenue and profit for its fiscal year ended 31 March 2005 - with growth forecast to continue during 2006. GFG Group chief executive Anthony Howard says revenue grew 68 percent during the year to $NZ 8.4 million. Profitability was also strong, with new investment capital funding major product and infrastructure development. read more

2 May 2005

GFG to open Singapore office

GFG has appointed Peter Goldfinch to the new position of general manager South East Asia, based in Singapore. The appointment is part of GFG's plans to increase its 'footprint' in South East Asia, building on the solid foundation established in the Philippines where GFG has implemented and supports an award-winning mobile payments solution for Smart Communications, as well as a major new Cadencie solution for one of the fastest growing banks in the region - Banco de Oro. read more

2 May 2005

Balanced on the downside of the lifecycle curve

The credit and debit card market is about to undergo radical change, argues GFG Group's newly-appointed general Manager South East Asia, Peter Goldfinch. In this thought provoking opinion piece, Peter draws on his 23 years consulting experience in the international electronic payments business - including pioneering work on the first ATM and EFTPOS networks and a key role in the introduction of credit and debit cards in Russia. His analysis of the market - with particular reference to the Australian market - is a must read for those interested in global as well as local trends in credit and debit card usage. read more

16 March 2005

GFG opens Singapore office

Singapore office joins Philippines branch for rapidly expanding Asian empire. read more

12 February 2005. Auckland.

Endeavour Capital and TMT Venture
invest in GFG Group's growth plans

Venture capital firms Endeavour Capital and TMT Ventures have co-invested a total of $3 million in privately-owned New Zealand banking software and services company GFG Group. read more

12 February 2005

Bendigo Bank project wins recognition

GFG Group has won the 2004 Card Smart Award for outstanding achievement in the Australian and New Zealand cards industry. read more

12 February 2005

New GFG:UniCARD user forum gains momentum

At the GFG user conference in October a GFG:UniCARD user forum was formed, with David Spence of Bendigo Bank elected as the group's first chairman and GFG's Liesel Kuhn appointed as programme manager for the user forum. read more

12 February 2005

eFUNDS signs to distribute GFG Group's
simulation and testing tool GFG:FINsim

GFG Group has signed a worldwide distribution agreement with eFUNDS, which will see GFG's innovative GFG:FINsim testing and simulation software made available more widely, particularly in the North American market. read more

08 February 2005 / New Zealand Herald

Investors plough $3m into GFG

Banking software developer GFG has secured a $3 million co-investment from two of the funds in the Government's VIF (Venture Investment Fund) scheme, Endeavour Capital and TMT Ventures. read more

07 February 2005 / Dominion Post

GFG attracts $3m investment

Venture Capital firms Endeavour Capital and TMT Ventures have pumped $3 million into Auckland-based payment software firm GFG Group, in return for a 19 per cent stake in the privately owned firm. read more

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Click to read more ASB Bank has used GFG:FINsim to take what the bank describes as an ‘exponential leap’ forward in its ability to test new code and predict system behaviour.
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