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Credit Cards news

Posted in Personal Finance

What happened Monday

A review of things you need to know before you go home on Monday; BNZ reduces savings interest, Kiwibank pulls back on high LVR lending, migrants keep coming, record visitor levels, NZD firms

What happened Friday

A review of things you need to know before you go home on Friday; more home loan rate cuts, bigger credit card debt, sharing with our new best friends, Arvida gets its money

Key trumpets 10 deals with China

PM John Key says 10 new 'agreements and arrangements' reached with China including agreement to amend free trade agreement

'Old School is the New Cool'

Elizabeth wants you to treat debt like the hair you pull out of the plug hole in the shower – its gross, you don’t want to touch it but you have to get rid of it

Here come prescribed credit card warnings

MBIE discussion document sets out proposals for prescribing the costs of borrowing and minimum repayment warnings on credit cards

BNZ's mortgage cross sell opportunity

BNZ CEO Anthony Healy playing long game in mortgage market, says marketshare 'well off par' from BNZ's business lending marketshare

ASB's Apple Pay assessment

Apple may struggle to find as much oxygen for Apple Pay in NZ as in the US, ASB says

Harmoney attracts New York backer

Blue Elephant Capital Management to lend US$50 mln through NZ P2P lender Harmoney over 2 years, Says NZ in need of well-priced capital

Ombudsman sees rise in credit card cases

Banking Ombudsman sees big rise in AML, KiwiSaver cases as annual payouts to bank customers drop 40%

Mobile wallet 'Semble' for ASB, BNZ customers

'Semble', formerly known as the Trusted Service Manager, eyes 'early 2015' commercial mobile wallet launch with just 2 banks onboard

F&P Finance's deposits shrink

Haier owned Fisher & Paykel Finance sees big reduction in retail deposits as Q Card securitisation gets underway

ANZ NZ 'leverages scale'

ANZ NZ tells Australian analysts of market share gains, plans to use its size advantage

Clean, green and up to our necks in debt

International report confirms NZ is a world leader in its consumer credit to personal disposable income ratio

Apple Pay - 'banks should be worried'

Apple Pay expected to take a slice of banks' payments revenue

NZ's biggest consumer finance business GE on the block

GE Capital looking to sell its Australasian consumer finance operations, but keep its commercial finance business

Kiwibank grows credit card marketshare

Helped by Air NZ airports cards, Kiwibank grows credit card marketshare by 40 basis points

F&P Finance redeems just $3.3m of deposits

Fisher & Paykel Finance 'really pleased' with Q Card securitisation, mulls payments-technology initiatives

Moven & Westpac's 'permissions platform'

Brett King of Moven on the mobile banking app becoming the primary financial relationship between bank and customer

Q Card securitisation underway at F&P

F&P Finance launches $283.25 mln Q card receivables securitisation programme

GE Capital's recruitment drive

Seeing growth opportunities in a strong economy, GE Capital has a major recruitment drive underway