credit cards
Mastercard, Visa scheme fees in Commerce Commission's sights, as it questions whether lower interchange fees will impact fraud fight
20th Dec 24, 5:00am
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Mastercard, Visa scheme fees in Commerce Commission's sights, as it questions whether lower interchange fees will impact fraud fight
[updated]
Consumer watchdog eyes $260m annual fee reduction for businesses accepting Mastercard & Visa cards, lower surcharges for consumers
18th Dec 24, 6:55am
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Consumer watchdog eyes $260m annual fee reduction for businesses accepting Mastercard & Visa cards, lower surcharges for consumers
Monthly retail spending figures were flat in November after showing the strongest rise in months in October
12th Dec 24, 11:33am
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Monthly retail spending figures were flat in November after showing the strongest rise in months in October
Draft decision on changes to regulation of Mastercard and Visa interchange fees coming next week
12th Dec 24, 5:00am
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Draft decision on changes to regulation of Mastercard and Visa interchange fees coming next week
Monthly retail spending has seen its first year-on-year increase for the first time since February; hospitality industry has biggest monthly rise since November 2023
12th Nov 24, 11:20am
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Monthly retail spending has seen its first year-on-year increase for the first time since February; hospitality industry has biggest monthly rise since November 2023
[updated]
Buy now, pay later the most common first-time path to credit/debt
Cardholders spent $8.6 billion and made 157 million transactions in September, but electronic card spending still ends the month flat
14th Oct 24, 12:34pm
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Cardholders spent $8.6 billion and made 157 million transactions in September, but electronic card spending still ends the month flat
NZ Banking Association says despite tough economic conditions, 'the vast majority of New Zealanders' are managing their financial situation well
8th Oct 24, 12:17pm
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NZ Banking Association says despite tough economic conditions, 'the vast majority of New Zealanders' are managing their financial situation well
The country's largest bank says the types of spending most sensitive to interest rates are experiencing the largest falls
19th Sep 24, 11:35am
The country's largest bank says the types of spending most sensitive to interest rates are experiencing the largest falls
[updated]
Electronic card spending rose in August for the first time in seven months, Statistics NZ says
12th Sep 24, 12:18pm
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Electronic card spending rose in August for the first time in seven months, Statistics NZ says
Worldline NZ data shows that retail spending slipped 0.5% in August when compared with the same month in 2023
4th Sep 24, 1:35pm
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Worldline NZ data shows that retail spending slipped 0.5% in August when compared with the same month in 2023
As the Commerce Commission mulls cutting the fees it costs businesses, and ultimately consumers, for accepting Visa & Mastercard cards, Gareth Vaughan looks at how the payments behemoths operate in NZ
16th Aug 24, 5:00am
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As the Commerce Commission mulls cutting the fees it costs businesses, and ultimately consumers, for accepting Visa & Mastercard cards, Gareth Vaughan looks at how the payments behemoths operate in NZ
[updated]
Retail spending fell for the sixth month in a row in July according to Statistics New Zealand but only by 0.1% or $6.3 million with total electronic card expenditure for the month coming to $8.8 billion
15th Aug 24, 11:43am
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Retail spending fell for the sixth month in a row in July according to Statistics New Zealand but only by 0.1% or $6.3 million with total electronic card expenditure for the month coming to $8.8 billion
Commerce Commission consulting on potentially significant cuts to the cost for New Zealanders of using the Visa & Mastercard payments networks
24th Jul 24, 12:44pm
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Commerce Commission consulting on potentially significant cuts to the cost for New Zealanders of using the Visa & Mastercard payments networks
Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling
15th Jul 24, 2:16pm
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Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling
[updated]
Card spending falls for the fifth time in June as households face ongoing financial strain
12th Jul 24, 12:03pm
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Card spending falls for the fifth time in June as households face ongoing financial strain
It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
13th Jun 24, 11:53am
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It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
Latest spending data from the country's biggest bank highlights the extent to which Kiwis have put their wallets away as rising costs and higher interest rates have taken their toll
11th Jun 24, 11:36am
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Latest spending data from the country's biggest bank highlights the extent to which Kiwis have put their wallets away as rising costs and higher interest rates have taken their toll
[updated]
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
23rd May 24, 12:16pm
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Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
Single Visa payments card can switch between debit, credit - and buy now, pay later
16th May 24, 12:22pm
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Single Visa payments card can switch between debit, credit - and buy now, pay later
Stats NZ figures show retail card spending fell for the third consecutive month on a seasonally adjusted basis
14th May 24, 11:55am
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Stats NZ figures show retail card spending fell for the third consecutive month on a seasonally adjusted basis
ANZ adds back 1% to its credit card interest rates that it reduced during 'the low interest rate environment during Covid' with its standard cards now incurring a 20.95% rate
22nd Mar 24, 1:34pm
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ANZ adds back 1% to its credit card interest rates that it reduced during 'the low interest rate environment during Covid' with its standard cards now incurring a 20.95% rate
RBNZ expects some deposit rate convergence across different types of deposit takers once compensation scheme launches
12th Mar 24, 3:02pm
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RBNZ expects some deposit rate convergence across different types of deposit takers once compensation scheme launches
Stats NZ figures show that retail card spending fell a seasonally-adjusted 1.8% in February after a bounce in activity in January
12th Mar 24, 11:49am
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Stats NZ figures show that retail card spending fell a seasonally-adjusted 1.8% in February after a bounce in activity in January
Gareth Vaughan on ANZ NZ's erroneous OCR call, a $30t gamble that changed the world, tackling surcharging & more
5th Mar 24, 10:06am
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Gareth Vaughan on ANZ NZ's erroneous OCR call, a $30t gamble that changed the world, tackling surcharging & more