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Industry at a Glance 14-Apr-15

14 April 2015

New Zealand Bankers' Association

Russell McVeagh welcomed by New Zealand Bankers’ Association
Source: Scoop NZ - Business
Date Published: 08/04/2015

The New Zealand Bankers’ Association today welcomed Russell McVeagh as its latest affiliate member

Australian News

ADDCA launches Bitcoin constitution
Source: The Australian
Date Published: 08/04/2015

“Today saw organisations such as Westpac and the Australian Banking Association give favourable nods to the work of ADCCA, including our work on ensuring all Digital Currency businesses comply with best practice standards on consumer protection,” Mr

ANZ clients plan High Court bid
Source: The Australian | The Nation
Date Published: 09/04/2015

ANZ customers will head to the High Court in a bid to overturn a ruling which found the bank had not engaged in ‘trickery on fees.

CBA banks on Android, Apple smartwatches
Source: The Australian
Date Published: 11/04/2015

This puts the bank in good stead to take advantage of contactless payments capabilities on smartwatches should they become available in future. The bank will unveil a voice-activated Android smartwatch app in the next few weeks, CBA digital channels

Current Issues

Apple Pay rival CurrentC coming in mid-2015
Source: CIO
Date Published: 07/04/2015

The mobile payments space is about to get more crowded: CurrentC, a platform backed by some of the country's biggest retailers, will launch in the next few months and give Apple, Google and Samsung added competition.

NZ App Developer at Forefront of Cash-free Revolution
Source: Scoop NZ - Business
Date Published: 07/04/2015

Doing business across international borders has landed one New Zealand app developer amongst an elite list of businesses whose apps have launched with Google Wallet.

An ex-Goldman executive is launching 'a FedEx for money'

Source: Business Insider Australia
Date Published: 09/04/2015

Banks using SWIFT, the Society for Worldwide Interbank Financial Telecommunication, currently charge upwards of $US50, plus other fees, to send money between countries while incurring an error rate of around 4%. Earthport plans to charge less than

Use of Windows XP makes European ATMs vulnerable to malware attacks
Source: CIO
Date Published: 10/04/2015

For the first time, a country in Western Europe has reported that malware attacks were used by hackers to steal €1.23 million (US$1.32 million) from ATMs. One major problem is the continued use of Windows XP in ATMs, making them more vulnerable to attacks, a report on ATM fraud said.

Ruling won't stop legal fight on fees
Source: New Zealand Herald - Business
Date Published: 10/04/2015

The lawyer heading a legal fight against New Zealand's major banks over fees says he won't be throwing in the towel despite a ruling in favour of the ANZ in Australia.Australia's Federal Court said on Wednesday it would reverse

Smartphones store-owners' new friend?
Source: Stuff.co.nz - Technology
Date Published: 10/04/2015

Could high-tech loyalty schemes designed in New Zealand help save the global retail industry?

Card spending at nine-year high
Source: Radio New Zealand News Headlines
Date Published: 13/04/2015

Lower petrol prices have fuelled quarterly spending on credit, debit and charge cards to rise at their greatest pace in nine years.

Member Banks 

ISACA: Boards and the executive team must take a leadership role in cybersecurity
Source: CIO
Date Published: 10/04/2015

The board must establish risk appetite and accountabilities, and require current and target state reporting of its cybersecurity risk profile, says Garry Barnes of ISACA.

Consumer Watch: Credit card offers don't add up
Source: New Zealand Herald - Money
Date Published: 12/04/2015

Don't be sucked in by tempting rewards schemes when you're shopping for a credit card, says Consumer New Zealand.Its advice came as competition ramps up among credit card companies in the battle to sign up Kiwi customers.Airpoints,

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