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Credit Cards news

Posted in Personal Finance

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

Westpac goes solo with digital wallet

Westpac trialling host card emulation mobile contactless payments where customers' card detail is stored in the cloud; Won't be part of TSM launch that's set for Q4 of this year

Harmoney sees $12b opportunity

P2P lender excited by opportunity given NZ banks 'have margins between borrowing and retailing that you can drive a truck through'

Fair Play on Fees cases on ice

Exception fee cases against ANZ and Kiwibank on hold pending outcome of appeal in Aussie ANZ case

Range of winners likely in govt banking tender

Strong digital flavour to long awaited govt banking tender with 'significant transition' seen if new suppliers appointed; Consortia bids possible; Cheques to go

Kiwibank welcomes levelled playing field

Removal by RBNZ of requirement for Kiwibank 'double dipping' for capital requirements, and alignment with big 4, cheered by state owned bank