credit cards
The Government details the Commerce Commission's proposed powers to regulate merchant service fees in a 'future-proofed' regulatory regime
13th May 21, 7:36am
The Government details the Commerce Commission's proposed powers to regulate merchant service fees in a 'future-proofed' regulatory regime
Government to empower Commerce Commission to regulate fees charged by banks and card companies that are paid by retailers and other small businesses
12th May 21, 9:05am
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Government to empower Commerce Commission to regulate fees charged by banks and card companies that are paid by retailers and other small businesses
Kiwibank economists say according to the bank's own transaction data, spending slumped 9% in the March quarter
8th Apr 21, 11:46am
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Kiwibank economists say according to the bank's own transaction data, spending slumped 9% in the March quarter
The FMA says ANZ had admitted making misleading representations in providing credit card repayment insurance to some customers
12th Feb 21, 12:47pm
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The FMA says ANZ had admitted making misleading representations in providing credit card repayment insurance to some customers
Kiwibank economists have been tracking our spending - and we are still doing our best to make up for the lack of tourist dollars
29th Jan 21, 5:00am
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Kiwibank economists have been tracking our spending - and we are still doing our best to make up for the lack of tourist dollars
Government outlines wide ranging merchant service fee regulation proposals including 'hard caps' on interchange fees
10th Dec 20, 12:08pm
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Government outlines wide ranging merchant service fee regulation proposals including 'hard caps' on interchange fees
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
6th Oct 20, 3:14pm
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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
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
21st Sep 20, 3:35pm
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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
National Australia Bank and Commonwealth Bank of Australia push back at buy now pay later service providers with zero interest rate credit cards
12th Sep 20, 9:31am
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National Australia Bank and Commonwealth Bank of Australia push back at buy now pay later service providers with zero interest rate credit cards
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
9th Sep 20, 4:08pm
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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 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, 12:00pm
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Labour Party unveils commitment to reduce fees small businesses pay their banks for accepting debit and credit cards through regulation of merchant service fees
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
8th Sep 20, 10:18am
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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
Figures from credit bureau Equifax show consumer loan arrears down significantly this year. But what will happen when COVID-19 related support ends?
7th Sep 20, 4:04pm
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Figures from credit bureau Equifax show consumer loan arrears down significantly this year. But what will happen when COVID-19 related support ends?
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'
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'
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
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
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
21st Jul 20, 3:33pm
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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
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
8th Jun 20, 3:04pm
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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
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
5th Jun 20, 9:56am
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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
Westpac economists say some recent data is tentatively suggesting that the economic situation may not be quite as severe as they had been predicting
2nd Jun 20, 11:46am
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Westpac economists say some recent data is tentatively suggesting that the economic situation may not be quite as severe as they had been predicting
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
28th May 20, 2:40pm
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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
Reserve Bank figures show credit card billings plunged 41.3% in April, bringing billings back to levels last seen in 2006
21st May 20, 3:16pm
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Reserve Bank figures show credit card billings plunged 41.3% in April, bringing billings back to levels last seen in 2006
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
26th Apr 20, 7:31am
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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
The abrupt cutting of travel and the first impacts of the lockdown have seen credit card spending slashed
23rd Apr 20, 3:27pm
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The abrupt cutting of travel and the first impacts of the lockdown have seen credit card spending slashed
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
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
6th Apr 20, 12:24pm
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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