Interchange fees
In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
21st Mar 20, 10:00am
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In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
Commerce & Consumer Affairs Minister Kris Faafoi leaving door open for interchange fees to be regulated, wants to see tangible examples of open banking working within a year
27th Jun 18, 12:00pm
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Commerce & Consumer Affairs Minister Kris Faafoi leaving door open for interchange fees to be regulated, wants to see tangible examples of open banking working within a year
Government pressures Payments NZ to have open banking technology and standards ready to go by the end of the year; says more competition will see banks and card companies lower merchant fees
23rd Apr 18, 1:46pm
Government pressures Payments NZ to have open banking technology and standards ready to go by the end of the year; says more competition will see banks and card companies lower merchant fees
The debate & lobbying over whether retail payments ought to be regulated in NZ bubbled to the surface again this week, with the ball slowly but surely moving firmly into the government's court
22nd Apr 18, 5:45pm
The debate & lobbying over whether retail payments ought to be regulated in NZ bubbled to the surface again this week, with the ball slowly but surely moving firmly into the government's court
What the NZ retail payments industry is doing to facilitate open banking and reduce merchant fees to keep the Government happy and avoid regulation
18th Apr 18, 9:02am
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What the NZ retail payments industry is doing to facilitate open banking and reduce merchant fees to keep the Government happy and avoid regulation
Commerce & Consumer Affairs Minister Jacqui Dean pushing for open banking in NZ as part of greater retail payments competition. Notes regulation limiting merchant fees, open access to bank data common overseas
7th Oct 17, 6:02am
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Commerce & Consumer Affairs Minister Jacqui Dean pushing for open banking in NZ as part of greater retail payments competition. Notes regulation limiting merchant fees, open access to bank data common overseas
NZBA offers range of 'proactive and voluntary measures' as an alternative to potential government regulation of retail payments systems
7th Feb 17, 4:50pm
NZBA offers range of 'proactive and voluntary measures' as an alternative to potential government regulation of retail payments systems
The Co-operative Bank enters the credit card market striving to 'shift the debate' to interest rates and fees and away from loyalty schemes
7th Nov 16, 7:21am
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The Co-operative Bank enters the credit card market striving to 'shift the debate' to interest rates and fees and away from loyalty schemes
BNZ's Anthony Healy warns regulating interchange fees could see banks pull back from loyalty schemes leaving consumers worse off
28th Oct 16, 1:01pm
BNZ's Anthony Healy warns regulating interchange fees could see banks pull back from loyalty schemes leaving consumers worse off
As the Government mulls regulating credit card interchange fees, New Zealand has been named one of the most profitable credit card markets in the world
27th Oct 16, 5:02pm
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As the Government mulls regulating credit card interchange fees, New Zealand has been named one of the most profitable credit card markets in the world
MBIE issues paper suggests 'regulatory intervention' needed to fix retail payment systems market inefficiencies, reduce prices & open barriers to entry
20th Oct 16, 10:08am
MBIE issues paper suggests 'regulatory intervention' needed to fix retail payment systems market inefficiencies, reduce prices & open barriers to entry
Visa and Mastercard dominate the New Zealand credit card market yet their local revenue, profit and notably tax, is minuscule
4th Oct 16, 5:02am
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Visa and Mastercard dominate the New Zealand credit card market yet their local revenue, profit and notably tax, is minuscule
Bank lobby group says interchange fees are 'set in a competitive commercial environment' as the Government mulls regulation
22nd Sep 16, 10:12am
Bank lobby group says interchange fees are 'set in a competitive commercial environment' as the Government mulls regulation
Government mulling credit, debit card interchange fees charged to businesses and surcharges faced by consumers in retail payments probe
21st Sep 16, 12:33pm
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Government mulling credit, debit card interchange fees charged to businesses and surcharges faced by consumers in retail payments probe
NZ credit card fee reforms risk handing extra profit to retailers; repeating Australia's mistakes
4th Feb 10, 12:44pm
NZ credit card fee reforms risk handing extra profit to retailers; repeating Australia's mistakes