[Updated]
10th Dec 20, 12:08pm
Government outlines wide ranging merchant service fee regulation proposals including 'hard caps' on interchange fees
[Updated]
Government outlines wide ranging merchant service fee regulation proposals including 'hard caps' on interchange fees
6th Oct 20, 3:14pm
Kiwibank economists have been scrutinising our Covid spending. It's good news and bad news. We are eating really healthily. But we're drinking more and gambling
Kiwibank economists have been scrutinising our Covid spending. It's good news and bad news. We are eating really healthily. But we're drinking more and gambling
21st Sep 20, 3:35pm
Reserve Bank figures show credit card billings dropped a seasonally-adjusted 5.8% in August as Auckland went into level 3 lockdown and the rest of the country level 2
Reserve Bank figures show credit card billings dropped a seasonally-adjusted 5.8% in August as Auckland went into level 3 lockdown and the rest of the country level 2
12th Sep 20, 9:31am
National Australia Bank and Commonwealth Bank of Australia push back at buy now pay later service providers with zero interest rate credit cards
National Australia Bank and Commonwealth Bank of Australia push back at buy now pay later service providers with zero interest rate credit cards
9th Sep 20, 4:08pm
Labour pledges 'regulation of the price' as it eyes introduction of merchant service fee regulation in New Zealand, should it be returned to government in the October 17 election
Labour pledges 'regulation of the price' as it eyes introduction of merchant service fee regulation in New Zealand, should it be returned to government in the October 17 election
[Updated]
8th Sep 20, 12:00pm
Labour Party unveils commitment to reduce fees small businesses pay their banks for accepting debit and credit cards through regulation of merchant service fees
[Updated]
Labour Party unveils commitment to reduce fees small businesses pay their banks for accepting debit and credit cards through regulation of merchant service fees
8th Sep 20, 10:18am
Labour Party reportedly set to unveil policy to regulate retail payment fees on Tuesday in move designed to reduce fees small businesses pay their banks
Labour Party reportedly set to unveil policy to regulate retail payment fees on Tuesday in move designed to reduce fees small businesses pay their banks
7th Sep 20, 4:04pm
Figures from credit bureau Equifax show consumer loan arrears down significantly this year. But what will happen when COVID-19 related support ends?
Figures from credit bureau Equifax show consumer loan arrears down significantly this year. But what will happen when COVID-19 related support ends?
28th Aug 20, 2:44pm
Flexigroup NZ says it will 'shake-up NZ’s buy now pay later sector with some major changes' in September; Harmoney posts loss but says it's in a 'strong financial position'
Flexigroup NZ says it will 'shake-up NZ’s buy now pay later sector with some major changes' in September; Harmoney posts loss but says it's in a 'strong financial position'
6th Aug 20, 9:34am
Retail NZ and banks trumpet cuts in Visa & Mastercard interchange fees and merchants' contactless debit fees, but Commerce & Consumer Affairs Minister Kris Faafoi wants more competition
Retail NZ and banks trumpet cuts in Visa & Mastercard interchange fees and merchants' contactless debit fees, but Commerce & Consumer Affairs Minister Kris Faafoi wants more competition
21st Jul 20, 3:33pm
Latest figures from the Reserve Bank show that credit card spending and amounts outstanding are both rising again - but are still below levels seen a year ago
Latest figures from the Reserve Bank show that credit card spending and amounts outstanding are both rising again - but are still below levels seen a year ago
8th Jun 20, 3:04pm
Economists are welcoming the country's faster than expected move to normality after the lockdown but warn that bad news is still ahead regarding unemployment
Economists are welcoming the country's faster than expected move to normality after the lockdown but warn that bad news is still ahead regarding unemployment
5th Jun 20, 9:56am
ANZ NZ 'very sorry' as FMA takes it to court for allegedly charging some customers for credit card repayment insurance policies that offered those customers no cover
ANZ NZ 'very sorry' as FMA takes it to court for allegedly charging some customers for credit card repayment insurance policies that offered those customers no cover
2nd Jun 20, 11:46am
Westpac economists say some recent data is tentatively suggesting that the economic situation may not be quite as severe as they had been predicting
Westpac economists say some recent data is tentatively suggesting that the economic situation may not be quite as severe as they had been predicting
28th May 20, 2:40pm
Economists at the country's biggest bank say based on their bank's card data, spending has returned to 'normal' - but there's no sign of any catch-up on spending that was 'lost' during lockdown
Economists at the country's biggest bank say based on their bank's card data, spending has returned to 'normal' - but there's no sign of any catch-up on spending that was 'lost' during lockdown
21st May 20, 3:16pm
Reserve Bank figures show credit card billings plunged 41.3% in April, bringing billings back to levels last seen in 2006
Reserve Bank figures show credit card billings plunged 41.3% in April, bringing billings back to levels last seen in 2006
26th Apr 20, 7:31am
Labour's government support partners would back regulation of retail payments as part of moves to stimulate the economy after the crushing impact of the COVID-19 pandemic
Labour's government support partners would back regulation of retail payments as part of moves to stimulate the economy after the crushing impact of the COVID-19 pandemic
23rd Apr 20, 3:27pm
The abrupt cutting of travel and the first impacts of the lockdown have seen credit card spending slashed
The abrupt cutting of travel and the first impacts of the lockdown have seen credit card spending slashed
8th Apr 20, 10:00am
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
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
6th Apr 20, 12:24pm
Buy now pay later schemes could end in an unseemly crash as credit card capacity jumps to accommodate settlement obligations, and shoppers recoil as jobs are lost and these unregulated scheme plans can't be changed, David Chaston argues
Buy now pay later schemes could end in an unseemly crash as credit card capacity jumps to accommodate settlement obligations, and shoppers recoil as jobs are lost and these unregulated scheme plans can't be changed, David Chaston argues
27th Mar 20, 2:17pm
ANZ NZ cutting credit card, personal loan and overdraft interest rates from April 1, although some will rise almost all the way back to where they are now in July
ANZ NZ cutting credit card, personal loan and overdraft interest rates from April 1, although some will rise almost all the way back to where they are now in July
22nd Mar 20, 8:40am
In the second part of a series on NZ's retail payment systems, Gareth Vaughan looks at how New Zealand's regulatory oversight of retail payments is behind where Australia was at in 2001
In the second part of a series on NZ's retail payment systems, Gareth Vaughan looks at how New Zealand's regulatory oversight of retail payments is behind where Australia was at in 2001
21st Mar 20, 10:00am
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
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
11th Feb 20, 11:36am
Westpac has agreed to compensate over 19,000 new credit card customers who were not provided with the required disclosure information when getting their credit cards
Westpac has agreed to compensate over 19,000 new credit card customers who were not provided with the required disclosure information when getting their credit cards
16th Dec 19, 9:48am
Latitude & Mastercard deal to allow customers of Latitude's Genoapay to buy now pay later globally anywhere Mastercard is accepted, with travel & shopping credit card to follow
Latitude & Mastercard deal to allow customers of Latitude's Genoapay to buy now pay later globally anywhere Mastercard is accepted, with travel & shopping credit card to follow
