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Payments NZ

SBS Bank, Co-operative Bank, Rabobank keen on 365-day payments move, Heartland Bank not in a hurry
16th Jun 22, 10:28am
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SBS Bank, Co-operative Bank, Rabobank keen on 365-day payments move, Heartland Bank not in a hurry
Ten NZ banks to start offering 365-day a year payments in 2023 but real-time payments still some way down the road
15th Jun 22, 9:00am
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Ten NZ banks to start offering 365-day a year payments in 2023 but real-time payments still some way down the road
RBNZ expects always-on retail payments next year, to stress test banks on rising interest rates & climate change, will consult on cyber data collection
5th May 22, 9:50am
RBNZ expects always-on retail payments next year, to stress test banks on rising interest rates & climate change, will consult on cyber data collection
New Zealand finally appears set for 24/7, 365 days a year retail payments
10th Feb 22, 7:14pm
New Zealand finally appears set for 24/7, 365 days a year retail payments
Gareth Vaughan on the rise of contactless payments, the potential for IAG to be taken over, a long trip to nowhere, the great pandemic tipping boom & 'it's hard not to meme this stuff'
3rd Jul 21, 9:32am
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Gareth Vaughan on the rise of contactless payments, the potential for IAG to be taken over, a long trip to nowhere, the great pandemic tipping boom & 'it's hard not to meme this stuff'
Discussion paper from Payments NZ details the 'building blocks' for a real-time payments system for the future
4th Nov 20, 9:34am
Discussion paper from Payments NZ details the 'building blocks' for a real-time payments system for the future
RBNZ deputy governor and manager for financial stability Geoff Bascand airs concerns about open banking, sounds lukewarm on the prospect of regulating merchant service fees
15th Oct 20, 9:42am
RBNZ deputy governor and manager for financial stability Geoff Bascand airs concerns about open banking, sounds lukewarm on the prospect of regulating merchant service fees
Reserve Bank's Geoff Bascand says the prudential regulator has seen 'instances and indicators of some vulnerability' in banks' payment systems
14th Oct 20, 9:48am
Reserve Bank's Geoff Bascand says the prudential regulator has seen 'instances and indicators of some vulnerability' in banks' payment systems
MBIE sees case for government intervention to establish a consumer data right to 'help give consumers access to a wider range of products & services that better meet their needs'
5th Aug 20, 12:12pm
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MBIE sees case for government intervention to establish a consumer data right to 'help give consumers access to a wider range of products & services that better meet their needs'
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
Limit on contactless payments increasing to $200 from $80 to encourage consumers not to touch payments terminals. Good for our health, but bad for EFTPOS?
9th Apr 20, 8:00am
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Limit on contactless payments increasing to $200 from $80 to encourage consumers not to touch payments terminals. Good for our health, but bad for EFTPOS?
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
Commerce and Consumer Affairs Minister Kris Faafoi gives slow-moving banks a timeline to set up systems to better enable data sharing aimed at creating more competition
20th Dec 19, 1:39pm
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Commerce and Consumer Affairs Minister Kris Faafoi gives slow-moving banks a timeline to set up systems to better enable data sharing aimed at creating more competition
As open banking in New Zealand slowly grinds into action, we look at what data of theirs banks' customers will be able to share with third parties
24th Jun 19, 9:44am
As open banking in New Zealand slowly grinds into action, we look at what data of theirs banks' customers will be able to share with third parties
Services enabled by open banking that are proving popular in the UK include aggregation services, personal financial management tools, credit checking, lending to small businesses and mortgages
13th Jun 19, 1:17pm
Services enabled by open banking that are proving popular in the UK include aggregation services, personal financial management tools, credit checking, lending to small businesses and mortgages
Commerce and Consumer Affairs Minister Kris Faafoi says he's 'genuinely focused on giving industry-led open banking a real chance to succeed'
25th May 19, 9:46am
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Commerce and Consumer Affairs Minister Kris Faafoi says he's 'genuinely focused on giving industry-led open banking a real chance to succeed'
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
S&P closely watching how open banking could impact the competitive dynamics for banks and potentially their credit ratings
12th Apr 19, 9:53am
S&P closely watching how open banking could impact the competitive dynamics for banks and potentially their credit ratings
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
Commerce and Consumer Affairs Minister Kris Faafoi says reciprocity key to preventing open banking from seeing the big four tech companies gazump banks
15th Dec 18, 9:31am
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Commerce and Consumer Affairs Minister Kris Faafoi says reciprocity key to preventing open banking from seeing the big four tech companies gazump banks
The Reserve Bank admits it might need to change the way it oversees banks' books, as banks are poised to start servicing their customers more through third parties
22nd Nov 18, 10:56am
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The Reserve Bank admits it might need to change the way it oversees banks' books, as banks are poised to start servicing their customers more through third parties
Commerce & Consumer Affairs Minister Kris Faafoi off to Sydney to talk open banking as he mulls whether there's a govt role in 'opening up NZ’s banking regime further'
27th Sep 18, 4:50pm
Commerce & Consumer Affairs Minister Kris Faafoi off to Sydney to talk open banking as he mulls whether there's a govt role in 'opening up NZ’s banking regime further'
NZ warned open banking in the UK isn't all it's cracked up to be, with the tech giants rather the garage start-ups best placed to capitalise on having access to banks' data
4th Jul 18, 3:00pm
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NZ warned open banking in the UK isn't all it's cracked up to be, with the tech giants rather the garage start-ups best placed to capitalise on having access to banks' data
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