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Gareth Vaughan looks at what merchant service fee regulation may mean for loyalty & rewards schemes, surcharging, and buy now pay later service providers, and why
16th May 21, 6:01am
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Gareth Vaughan looks at what merchant service fee regulation may mean for loyalty & rewards schemes, surcharging, and buy now pay later service providers, and why
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
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
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
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
Big banks starting to unwind COVID-19 inspired free contactless debit transactions for small business customers
26th Jun 20, 11:51am
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Big banks starting to unwind COVID-19 inspired free contactless debit transactions for small business customers
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
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
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
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
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
22nd Mar 20, 8:40am
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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 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
21st Mar 20, 10:00am
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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
Mastercard New Zealand boss says 'watch this space' following the company's acquisition of point of sale financing provider Vyze
5th Jul 19, 9:43am
Mastercard New Zealand boss says 'watch this space' following the company's acquisition of point of sale financing provider Vyze
Visa unveils 'buy now, pay later service' noting instalment payment volumes have been growing twice as fast as credit card volumes
2nd Jul 19, 3:31pm
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Visa unveils 'buy now, pay later service' noting instalment payment volumes have been growing twice as fast as credit card volumes
The emergence and growth of 'buy now, pay later' services has caught the eye of competitors and regulators. Stephen Forbes takes a look at the fast growing sector
1st Feb 19, 12:16pm
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The emergence and growth of 'buy now, pay later' services has caught the eye of competitors and regulators. Stephen Forbes takes a look at the fast growing sector
Australian consumers are getting an inquiry into 'excessive' foreign currency conversion fees, so could their New Zealand counterparts also get one?
8th Oct 18, 12:17pm
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Australian consumers are getting an inquiry into 'excessive' foreign currency conversion fees, so could their New Zealand counterparts also get one?
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
The debate & lobbying over whether retail payments ought to be regulated in NZ bubbled to the surface again this week, with the ball slowly but surely moving firmly into the government's court
22nd Apr 18, 5:45pm
The debate & lobbying over whether retail payments ought to be regulated in NZ bubbled to the surface again this week, with the ball slowly but surely moving firmly into the government's court
Commerce & Consumer Affairs Minister Jacqui Dean pushing for open banking in NZ as part of greater retail payments competition. Notes regulation limiting merchant fees, open access to bank data common overseas
7th Oct 17, 6:02am
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Commerce & Consumer Affairs Minister Jacqui Dean pushing for open banking in NZ as part of greater retail payments competition. Notes regulation limiting merchant fees, open access to bank data common overseas