 The system is operated by two providers, Paymark Limited (formerly Electronic Transaction Services Limited) which processes 75% of all electronic transactions in New Zealand, and EFTPOS New Zealand.Although the term eftpos is popularly used to describe the system, EFTPOS is a trademark of EFTPOS New Zealand the smaller of the two providers.Both providers run an interconnected financial network that allows the processing of not only of debit cards at point of sale terminals but also credit cards and charge cards.