Skip to Navigation
Skip to Content

  • Login

News & Events

Industry at a Glance 11-Nov-14

13 November 2014

Payments NZ Ltd

New iPhone gizmo could put the heat on your bank account
Source: Dominion Post - News
Date Published: 08/11/2014

A new gadget designed for innocent fun with your iPhone could soon be used to steal your Pin number, tech experts are warning.

Dollar Outlook: Kiwi may consolidate as RBNZ weighs in on upbeat trend
Source: NBR-Business
Date Published: 10/11/2014

The New Zealand dollar may hold around current levels this week as traders anticipate Reserve Bank governor Graeme Wheeler could take aim at its recent strength.

Biometrics: the future of payments
Source: New Zealand Herald - Business
Date Published: 11/11/2014

 

Finger print identification - an increasingly standard security feature on new iPhones and other smart devices, which acts as the user's password will become common place in the next few years, a visiting biometrics expert says.Dr


RBNZ seeks stronger regulatory oversight of payment systems
Source: sharechat
Date Published: 11/11/2014

The opening up of industry body Payments NZ to new players was welcomed by the central bank, and Spencer said the challenge for the entity is to promote efficiency and innovation by expanding participation in the market, while managing the risks at the 

Australian News


Banks begging for Hockey showdown
Source: The Sydney Morning Herald News Headlines
Date Published: 05/11/2014


The stage is being set for a showdown between Joe Hockey and four powerful corporations.

CBA profit jumps 10 per cent
Source: The Age Business Headlines
Date Published: 05/11/2014

The Commonwealth Bank's first quarter earnings swelled by almost 10 per cent to $2.3 billion, buoyed by growing customer numbers and lower impaired loans.

Bank takes on ATM skimmers
Source: The Sydney Morning Herald News Headlines
Date Published: 06/11/2014

Card skimming cost Australians $24 million last year, and this technology may stop it occurring.

 

Australian banks not as safe as they seem, warns APRA
Source: The Sydney Morning Herald Business Headlines
Date Published: 07/11/2014

High levels of mortgage lending mean Australian banks aren't as safe as they seem, even if they have the reserves to withstand a severe shock to the economy, the banking regulator has warned.

Inside story on an unfolding catastrophe
Source: The Age Business Headlines
Date Published: 10/11/2014

Thousands of people face bankcruptcy and the conduct of a big bank is now under the scrutiny.

Current Issues

Contactless credit card use more popular than ever
Source: 3 News - Latest News Headlines
Date Published: 04/11/2014

Visa processed more than 3 million transactions last month – up 300 percent on a year ago, but the idea has taken a bit of getting used to for some.

Semble gathers steam with launch of pilot in Wellington and Auckland
Source: ScoopNZ - Wellington
Date Published: 05/11/2014

Press Release – Elevenpr The first live payments using New Zealand’s mobile wallet, Semble, are being made today as a landmark pilot programme kicks off. Around 250 people from Wellington and Auckland are taking part in the programme, swapping their physical wallets for virtual equivalents on their...

SMEs Put Recession Well Behind Them
Source: Scoop Business » Article
Date Published: 05/11/2014

Press Release – MYOB New Zealands SMEs are now showing the highest growth in more than half a decade, capping a remarkable turnaround in the last five years, according to a new report. Embargoed: 5 November 2014, 3pm SMEs Put Recession Well Behind Them Five-year report highlights remarkable turnaround...

Faster paying speeds up shopping
Source: Stuff.co.nz - Business
Date Published: 05/11/2014

Christmas shopping should be a little faster this year now as many as a fifth of people are using contactless credit and debit cards to speed their way through check-outs.


Get ready to farewell eftpos
Source: Stuff.co.nz - Stuff
Date Published: 06/11/2014 

The theory behind digital wallets sounds great - download an app, enter your card details, and swipe away - but getting this to work smoothly and simply involves many small steps.

 

Member Banks

ASB first quarter omen for 10-figure profit
Source: Stuff.co.nz - Business
Date Published: 05/11/2014

ASB has reported a first-quarter net profit of $223 million, potentially putting it on track to crack the billion dollar mark during the 2015 financial year.

Sush Mobile Recognised in NZ Fast 50
Source: Scoop NZ - Business
Date Published: 07/11/2014

Sush Mobile, makers of end-to-end mobile app solutions, has been recognised as the 9th fastest growing company in New Zealand in the 2014 Deloitte NZ Fast 50.

Diana Clement: Focus on what you need to cut spending
Source: New Zealand Herald - Opinion
Date Published: 08/11/2014

I've failed. It would appear that personal finance journalists' budgets are a bit like builders' houses. Never quite sorted out.The ASB asked me to take a 30-day challenge based on advice videos on its YouTube channel. The reality

ASB Ambition: Technology seen as critical for growth
Source: New Zealand Herald - Business
Date Published: 08/11/2014

The ever-increasing pace of change in technology is a hot topic for many people in business but Kiwi companies aren't just paying lip service to the issue.Respondents to a recent survey carried out by the Herald in partnership with

Westpac New Zealand Augmented Reality app goes live
Source: Scoop NZ - Business
Date Published: 11/11/2014

The first mobile app using augmented reality for managing your money has been released by Westpac New Zealand.

Governance

Banks taking money for rates
Source: Stuff.co.nz - Business
Date Published: 04/11/2014

Property owners under financial stress are upset that banks are taking money from their accounts to pay overdue council rates.

Spectre of a banking system meltdown
Source: Stuff.co.nz - Business
Date Published: 04/11/2014

Chalkie's household contains several fans of The Walking Dead. You can't beat a good zombie apocalypse for screen entertainment, they say.

What is regulation's purpose?
Source: Good Returns
Date Published: 08/11/2014

Questions are being asked about what the Financial Advisers Act is trying to achieve.

AML non-compliance revealed
Source: Good Returns
Date Published: 11/11/2014

A large proportion of the reporting entities (REs) monitored by the Financial Markets Authority as part of its oversight of the anti-money laundering regulation were non-compliant.

New bank rules proposed to end 'too big to fail'
Source: Stuff.co.nz - Business
Date Published: 11/11/2014

Banks may have to scrap dividends and rein in bonuses if they breach new rules designed to ensure that creditors rather than taxpayers pick up the bill when big lenders collapse.

General

Credit union first to receive Non-Bank Deposit Taker Licence
Source: Scoop NZ - Business
Date Published: 06/11/2014

NZCU Steelsands, a credit union based at New Zealand Steel Ltd at Glenbrook, is the first Non-Bank Deposit Taker (NBDT) to be licensed by the Reserve Bank of New Zealand. The Non-bank Deposit Takers Act 2013, which became effective on 1 May 2014,

Back to top