Kevin Low, Part 2 of 2. PEC development of EFTPOS (electronic funds transfer at point of sale), at first in petrol pumps perhaps in the late 1980s. Expansion into shops by others. Security systems, card access. Major users here and overseas (Massey University, London Underground). Security division purchased by Gallagher Engineering, Hamilton. Conferences and expos, industrial espionage precautions. Process of product development. 35-40% of expenditure on R&D (eventually about 200 R&D staff).