Interchange fees

As Retail NZ calls on the Government to pause surcharge ban, Commerce and Consumer Affairs Minister says the organisation has 'overinflated the cost to retailers and consumers in this change'

As Retail NZ calls on the Government to pause surcharge ban, Commerce and Consumer Affairs Minister says the organisation has 'overinflated the cost to retailers and consumers in this change'

‘Businesses may have no option but to reflect those costs in their pricing’: Retailers and hospitality sector say Government’s surcharge ban raises wider issue of pricing

‘Businesses may have no option but to reflect those costs in their pricing’: Retailers and hospitality sector say Government’s surcharge ban raises wider issue of pricing

The Government will ban card payment surcharges, 'shoppers will no longer be penalised’ for how they pay, Commerce and Consumer Affairs Minister Scott Simpson says

The Government will ban card payment surcharges, 'shoppers will no longer be penalised’ for how they pay, Commerce and Consumer Affairs Minister Scott Simpson says

UBS analysts anticipate that the Australian banks will likely respond over time to the card surcharges removal by raising cardholder fees, reducing rewards on credit cards, and potentially increasing interest rates

UBS analysts anticipate that the Australian banks will likely respond over time to the card surcharges removal by raising cardholder fees, reducing rewards on credit cards, and potentially increasing interest rates

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

Draft decision on changes to regulation of Mastercard and Visa interchange fees coming next week

Draft decision on changes to regulation of Mastercard and Visa interchange fees coming next week

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

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

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

Government pressures Payments NZ to have open banking technology and standards ready to go by the end of the year; says more competition will see banks and card companies lower merchant fees 

Government pressures Payments NZ to have open banking technology and standards ready to go by the end of the year; says more competition will see banks and card companies lower merchant fees 

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

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

What the NZ retail payments industry is doing to facilitate open banking and reduce merchant fees to keep the Government happy and avoid regulation

What the NZ retail payments industry is doing to facilitate open banking and reduce merchant fees to keep the Government happy and avoid regulation

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

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

NZBA offers range of 'proactive and voluntary measures' as an alternative to potential government regulation of retail payments systems

NZBA offers range of 'proactive and voluntary measures' as an alternative to potential government regulation of retail payments systems

The Co-operative Bank enters the credit card market striving to 'shift the debate' to interest rates and fees and away from loyalty schemes

The Co-operative Bank enters the credit card market striving to 'shift the debate' to interest rates and fees and away from loyalty schemes

BNZ's Anthony Healy warns regulating interchange fees could see banks pull back from loyalty schemes leaving consumers worse off

BNZ's Anthony Healy warns regulating interchange fees could see banks pull back from loyalty schemes leaving consumers worse off