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EFTPOS

Government details more of its retail payments regulation plans including formal designation under law for Visa & Mastercard's networks, and regulating surcharging
10th Sep 21, 8:15am
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Government details more of its retail payments regulation plans including formal designation under law for Visa & Mastercard's networks, and regulating surcharging
Statistics New Zealand says seasonally-adjusted electronic card spending dropped 3.2% in February - and in actual terms was 8.1% lower than in February 2020
10th Mar 21, 12:25pm
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Statistics New Zealand says seasonally-adjusted electronic card spending dropped 3.2% in February - and in actual terms was 8.1% lower than in February 2020
Statistics New Zealand says seasonally adjusted retail card spending dropped slightly in January; absence of international tourists hitting the hospitality industry
11th Feb 21, 11:34am
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Statistics New Zealand says seasonally adjusted retail card spending dropped slightly in January; absence of international tourists hitting the hospitality industry
Statistics New Zealand says retail sales values had the largest September quarter rise since the series began in 1995
23rd Nov 20, 10:56am
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Statistics New Zealand says retail sales values had the largest September quarter rise since the series began in 1995
Statistics New Zealand says spending on food and beverage services last month was the second highest in over 20 years following Auckland moving to Alert level 1 early in the month
10th Nov 20, 11:09am
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Statistics New Zealand says spending on food and beverage services last month was the second highest in over 20 years following Auckland moving to Alert level 1 early in the month
Statistics New Zealand says retail card spending slumped by over half a billion dollars in August as Auckland entered Covid-19 alert level 3
10th Sep 20, 11:01am
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Statistics New Zealand says retail card spending slumped by over half a billion dollars in August as Auckland entered Covid-19 alert level 3
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
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
Paymark increasing monthly Eftpos terminal fees by 28.6% from September to enable it to offer retailers 'the fastest, most secure mechanism for transferring funds'
1st Aug 20, 11:29am
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Paymark increasing monthly Eftpos terminal fees by 28.6% from September to enable it to offer retailers 'the fastest, most secure mechanism for transferring funds'
Statistics New Zealand says on a seasonally adjusted basis retail spending leapt 79% in May as businesses reopened after the April lockdown
11th Jun 20, 11:51am
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Statistics New Zealand says on a seasonally adjusted basis retail spending leapt 79% in May as businesses reopened after the April lockdown
Statistics New Zealand says the impact of the lockdown saw each New Zealander on average spending about $520 less in April than they did in March
11th May 20, 10:58am
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Statistics New Zealand says the impact of the lockdown saw each New Zealander on average spending about $520 less in April than they did in March
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
A new type of multipurpose account is launched by Heartland Bank paying interest on credit balances and allowing an overdraft at an interest rate below most credit cards
26th Jun 19, 1:43pm
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A new type of multipurpose account is launched by Heartland Bank paying interest on credit balances and allowing an overdraft at an interest rate below most credit cards
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission
2nd Nov 18, 9:35am
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission
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
The ANZ, ASB, BNZ & Westpac owned Paymark's annual profit rises with generous dividends paid
21st Aug 17, 3:39pm
The ANZ, ASB, BNZ & Westpac owned Paymark's annual profit rises with generous dividends paid
The Co-operative Bank says CFO Gareth Fleming is leaving after 10 years at the bank; Fleming recently acted as CEO
11th Jul 17, 9:06am
The Co-operative Bank says CFO Gareth Fleming is leaving after 10 years at the bank; Fleming recently acted as CEO
The Co-operative Bank says it is excited to be offering a new way for its customers to pay online as quickly and easily as possible
11th Jul 17, 9:03am
The Co-operative Bank says it is excited to be offering a new way for its customers to pay online as quickly and easily as possible
Xero argues retail payments network ownership should be removed from major users as it was in the electricity and telecoms industries
12th May 17, 4:02pm
Xero argues retail payments network ownership should be removed from major users as it was in the electricity and telecoms industries
Paymark is still on the block more than 14 months after ANZ, ASB, BNZ & Westpac officially hoisted a 'for sale' sign
11th Apr 17, 10:25am
Paymark is still on the block more than 14 months after ANZ, ASB, BNZ & Westpac officially hoisted a 'for sale' sign