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Industry at a Glance 25-Nov-14

27 November 2014

New Zealand Bankers' Association

Protect yourself online this Christmas
Source: (press release)
Date Published: 19/11/2014

As part of International Fraud Awareness Week the New Zealand Bankers' Association is urging consumers to stay safe online as we head into to the festive season. “Now's the time that people will be shopping for Christmas. If you're shopping online there 

Australian News

International money transfer businesses launch class action against Westpac
Source: The Age National Headlines
Date Published: 23/11/2014


Disadvantaged and isolated communities in some of the world's poorest regions will be hardest hit by Westpac's decision, say affected businesses.

Public still doesn't trust the banks, says David Murray
Source: The Sydney Morning Herald Business Headlines
Date Published: 24/11/2014

Banks have a public-relations problem stemming from a deficit of trust that won't be restored by regulation but rather requires leaders to fix cultures, said the chairman of the financial system inquiry, David Murray.

Current Issues

Snapchat lets users send money in a snap
Source: 3 News - World
Date Published: 18/11/2014


Friends can now send money to each other using the app Smartchat, which has a collaboration with mobile payments company Square.

Mobile is now the most important channel for banks: Ovum
Source: CIO
Date Published: 19/11/2014


Mobile usage is approaching two-thirds of traffic in some large financial institutions, says Kieran Hines, senior analyst at Ovum.


Debitsuccess again gets highest PCI DSS compliance rating
Source: Scoop NZ - Business
Date Published: 24/11/2014

Debitsuccess, Australasia’s leading payment solutions company, has been accredited with the highest PCI DSS compliance rating (Level 1) for the fourth year running, maintaining its standing as an industry leader in data security for financial transactions.

New credit card technology generates back-end revenue streams
Source: Radio New Zealand - Morning Report
Date Published: 25/11/2014

Visa says merchants and consumers can expect a high level of protection against fraud as card payment transactions become increasingly faster to process at the point of sale, but there is a cost.

SmartPay launches taxi booking app
Source: Radio New Zealand - Morning Report
Date Published: 25/11/2014

            SmartPay has launched a mobile taxi booking app, which has been adopted by Taxi Charge, New Zealand's largest taxi partnership, representing the majority of taxis.

Member Banks

ANZ's Hisco the heavyweight in New Zealand CEO pay stakes
Source: Scoop NZ - Business
Date Published: 20/11/2014

Nov. 20 (BusinessDesk) - There’s a big gap between the pay of ANZ Bank New Zealand boss David Hisco and his counterparts at two of the other big four Australian-owned banks.


Reserve Bank unveils new banknotes
Source: New Zealand Herald - Business
Date Published: 20/11/2014

The banknote is getting a makeover for the first time in 15 years, and although the same well-known faces will remain, security features have been beefed up.Today the Reserve Bank announced it will be releasing new designs of New

Asian banking 'watershed'
Source: New Zealand Herald - Banking
Date Published: 25/11/2014

Reserve Bank deputy governor Grant Spencer says the arrival of Asian banking giants is a watershed event that will boost competition and keep the dominant Australian-owned lenders "on their toes".Speaking at the launch of China

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