EFTPOS

Consumer watchdog eyes $260m annual fee reduction for businesses accepting Mastercard & Visa cards, lower surcharges for consumers

Consumer watchdog eyes $260m annual fee reduction for businesses accepting Mastercard & Visa cards, lower surcharges for consumers

A better payments system is staring New Zealand in the face and it’s time for the country to ‘leapfrog’ into it, according to the RBNZ

A better payments system is staring New Zealand in the face and it’s time for the country to ‘leapfrog’ into it, according to the RBNZ

As the Commerce Commission mulls cutting the fees it costs businesses, and ultimately consumers, for accepting Visa & Mastercard cards, Gareth Vaughan looks at how the payments behemoths operate in NZ

As the Commerce Commission mulls cutting the fees it costs businesses, and ultimately consumers, for accepting Visa & Mastercard cards, Gareth Vaughan looks at how the payments behemoths operate in NZ

Commerce Commission consulting on potentially significant cuts to the cost for New Zealanders of using the Visa & Mastercard payments networks

Commerce Commission consulting on potentially significant cuts to the cost for New Zealanders of using the Visa & Mastercard payments networks

Weekend EFTPOS transactions hit $200 million and Monday transaction backlogs drop, as New Zealand moves to seven-day payments

Weekend EFTPOS transactions hit $200 million and Monday transaction backlogs drop, as New Zealand moves to seven-day payments

With open banking threatening to finally gather some pace in New Zealand, Worldline with Online EFTPOS has been one of the early movers

With open banking threatening to finally gather some pace in New Zealand, Worldline with Online EFTPOS has been one of the early movers

NZ banks are lagging on real-time payments and fraud protections. The Commerce Commission says it could force them to get on with it

NZ banks are lagging on real-time payments and fraud protections. The Commerce Commission says it could force them to get on with it

Commerce Commission finds more than $100m in annual savings for retail payments, but says more needs to be passed on

Commerce Commission finds more than $100m in annual savings for retail payments, but says more needs to be passed on

Commerce Commission looks to expand its retail payments regulatory net to include bill payments, automatic payments & direct debits

Commerce Commission looks to expand its retail payments regulatory net to include bill payments, automatic payments & direct debits

Commerce Commission says regulating bank transfers could level playing field for new entrants to offer services for making in-person bank transfers

Commerce Commission says regulating bank transfers could level playing field for new entrants to offer services for making in-person bank transfers

Worldline NZ calls for NZ to mimic Australia by giving merchants the ability to route dual-network debit card transactions to the lowest cost network

Worldline NZ calls for NZ to mimic Australia by giving merchants the ability to route dual-network debit card transactions to the lowest cost network

Government regulation of merchant service fees to lower the fees charged when credit and debit transactions are made

Government regulation of merchant service fees to lower the fees charged when credit and debit transactions are made

Government details more of its retail payments regulation plans including formal designation under law for Visa & Mastercard's networks, and regulating surcharging

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

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

Statistics New Zealand says seasonally adjusted retail card spending dropped slightly in January; absence of international tourists hitting the hospitality industry