Paymark
Worldline NZ calls for NZ to mimic Australia by giving merchants the ability to route dual-network debit card transactions to the lowest cost network
28th Oct 22, 5:00am
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Worldline NZ calls for NZ to mimic Australia by giving merchants the ability to route dual-network debit card transactions to the lowest cost network
Government details more of its retail payments regulation plans including formal designation under law for Visa & Mastercard's networks, and regulating surcharging
10th Sep 21, 8:15am
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Government details more of its retail payments regulation plans including formal designation under law for Visa & Mastercard's networks, and regulating surcharging
Credit bureau Centrix says credit scores, arrears levels and financial hardship cases remain stable across all levels, while the fall in credit demand isn’t as nearly as deep as last year’s 70% fall
3rd Sep 21, 7:39am
Credit bureau Centrix says credit scores, arrears levels and financial hardship cases remain stable across all levels, while the fall in credit demand isn’t as nearly as deep as last year’s 70% fall
Although pandemic-affected retail spending in 2020 delivered no overall gains, there were wide regional and sector variances with many winners and a few big losers
11th Jan 21, 10:13am
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Although pandemic-affected retail spending in 2020 delivered no overall gains, there were wide regional and sector variances with many winners and a few big losers
The retail sector still seeing two-speed trading with many operators reporting sales up up but a significant minority reporting falling sales
6th Aug 20, 1:54pm
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The retail sector still seeing two-speed trading with many operators reporting sales up up but a significant minority reporting falling sales
Retail NZ and banks trumpet cuts in Visa & Mastercard interchange fees and merchants' contactless debit fees, but Commerce & Consumer Affairs Minister Kris Faafoi wants more competition
6th Aug 20, 9:34am
Retail NZ and banks trumpet cuts in Visa & Mastercard interchange fees and merchants' contactless debit fees, but Commerce & Consumer Affairs Minister Kris Faafoi wants more competition
Paymark increasing monthly Eftpos terminal fees by 28.6% from September to enable it to offer retailers 'the fastest, most secure mechanism for transferring funds'
1st Aug 20, 11:29am
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Paymark increasing monthly Eftpos terminal fees by 28.6% from September to enable it to offer retailers 'the fastest, most secure mechanism for transferring funds'
Massey University's Teo Susnjak on how Covid-19 broke machine learning, extreme data patterns, wealth and income inequality, bots and propaganda and being primed to believe bad predictions
5th Jun 20, 10:00am
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Massey University's Teo Susnjak on how Covid-19 broke machine learning, extreme data patterns, wealth and income inequality, bots and propaganda and being primed to believe bad predictions
ANZ NZ CEO Antonia Watson sees potential for quicker economic recovery than many other countries as bank posts fall in interim profit with loan impairments & expenses rising
30th Apr 20, 10:25am
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ANZ NZ CEO Antonia Watson sees potential for quicker economic recovery than many other countries as bank posts fall in interim profit with loan impairments & expenses rising
In the fifth and final part of a series on New Zealand's retail payment systems Gareth Vaughan lays out a roadmap for regulating the retail payments sector and outlines why this should be done
16th Apr 20, 5:00am
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In the fifth and final part of a series on New Zealand's retail payment systems Gareth Vaughan lays out a roadmap for regulating the retail payments sector and outlines why this should be done
In the fourth part of a series on NZ's retail payment systems, Gareth Vaughan looks at EFTPOS and COVID-19, and finds banks in charge of implementing some of the key technologies that could crimp their revenues
8th Apr 20, 10:00am
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In the fourth part of a series on NZ's retail payment systems, Gareth Vaughan looks at EFTPOS and COVID-19, and finds banks in charge of implementing some of the key technologies that could crimp their revenues
Gareth Vaughan on Spain 10 days into lock-down, Sydneysiders' cocktails, shopaholics, Steve Keen's coronabonds and China's COVID-19 battle
25th Mar 20, 3:04pm
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Gareth Vaughan on Spain 10 days into lock-down, Sydneysiders' cocktails, shopaholics, Steve Keen's coronabonds and China's COVID-19 battle
Retailers are hoping for a busy last two days and post-Christmas rush as lackluster retail sales growth so far portents only a very modest boost in 2019
23rd Dec 19, 4:29pm
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Retailers are hoping for a busy last two days and post-Christmas rush as lackluster retail sales growth so far portents only a very modest boost in 2019
BNZ September year profit drops $7 million as expenses increase at more than twice the pace of income and loan impairments rise
7th Nov 19, 10:26am
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BNZ September year profit drops $7 million as expenses increase at more than twice the pace of income and loan impairments rise
Westpac New Zealand annual profit up 3% despite expense growth outstripping income growth as loan impairments improve and Paymark sale helps
4th Nov 19, 10:18am
Westpac New Zealand annual profit up 3% despite expense growth outstripping income growth as loan impairments improve and Paymark sale helps
ASB annual profit increases to $1.274 billion with return on equity at 15.2% as cost-to-income ratio is cut to 35.6%. Parent Commonwealth Bank of Australia buys into buy now pay later firm
7th Aug 19, 10:15am
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ASB annual profit increases to $1.274 billion with return on equity at 15.2% as cost-to-income ratio is cut to 35.6%. Parent Commonwealth Bank of Australia buys into buy now pay later firm
New Zealand's big four banks deliver strong March quarter return on equity as profit surges, ANZ cuts dividend
4th Jun 19, 9:48am
New Zealand's big four banks deliver strong March quarter return on equity as profit surges, ANZ cuts dividend
Payments NZ establishes hub to connect banks with third parties keen on open banking; Banks retain right to set terms on which they share the data
23rd May 19, 3:30pm
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Payments NZ establishes hub to connect banks with third parties keen on open banking; Banks retain right to set terms on which they share the data
ANZ NZ CEO David Hisco suggests he won't be personally rushing to embrace open banking as Minister Kris Faafoi awaits 'concrete plans' from banks on how they will provide access to third-parties
9th May 19, 10:43am
ANZ NZ CEO David Hisco suggests he won't be personally rushing to embrace open banking as Minister Kris Faafoi awaits 'concrete plans' from banks on how they will provide access to third-parties
Westpac NZ half-year profit rises 15% to record high boosted by sale of Paymark stake, solid income growth and drop in bad debts
6th May 19, 10:13am
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Westpac NZ half-year profit rises 15% to record high boosted by sale of Paymark stake, solid income growth and drop in bad debts
BNZ posts 12% increase in interim profit to $550 mln with income up and expenses & bad debts both falling. Parent NAB says BNZ may need to 'reprice and/or reduce' lending to meet RBNZ capital proposals
2nd May 19, 10:35am
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BNZ posts 12% increase in interim profit to $550 mln with income up and expenses & bad debts both falling. Parent NAB says BNZ may need to 'reprice and/or reduce' lending to meet RBNZ capital proposals
Payments NZ releases standards detailing how banks and fintechs that engage in open banking have to protect consumers' data
4th Mar 19, 12:14pm
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Payments NZ releases standards detailing how banks and fintechs that engage in open banking have to protect consumers' data
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission
2nd Nov 18, 9:35am
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission
Commerce Commission to probe the level of constraint Ingenico and Paymark impose on each other for digital gateway services when mulling Ingenico's proposed Paymark takeover
24th Apr 18, 9:49am
Commerce Commission to probe the level of constraint Ingenico and Paymark impose on each other for digital gateway services when mulling Ingenico's proposed Paymark takeover
ANZ NZ selling its 25% Paymark stake for almost seven times its carrying value
21st Feb 18, 3:35pm
ANZ NZ selling its 25% Paymark stake for almost seven times its carrying value