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Industry at a Glance 26-May-14

03 June 2014

Payments NZ Ltd

 

Dame Patsy Reddy welcomes honour
Source: MSN New Zealand - National news
Date Published: 02/06/2014

05:03 NZST Mon Jun 2 2014 - Dame Patsy Reddy says there are still significant obstacles to women in business so she's happy to be recognised for services to business and the arts.


New Zealand Bankers' Association

 

Beware online banking scams
Source: Voxy
Date Published: 03/06/2014

The New Zealand Bankers' Association today encouraged people to be wary of online banking scams as part of Fraud Awareness Week 2014. 'Online scammers are constantly thinking up new ways to trick people into handing over personal information,' 


Australian News

 

We're no threat, Facebook tells big banks
Source: Sydney Morning Herald
Date Published: 26/05/2014

Asked whether potential users of an integrated banking service within Facebook might have had concerns about the privacy of their information, the company's head of communications in Australia and New Zealand, Antonia Christie, said such fears should

Do we still need cash?
Source: The Age Business Headlines
Date Published: 30/05/2014

Harvard professor Kenneth Rogoff has called for the abolition of cash to aid central bank policymaking in a world of record low interest rates – and make life more difficult for criminals.

Warning on wireless internet security comes weeks before launch of free ...
Source: The Australian
Date Published: 02/06/2014

He said it was best not to use public wi-fi at all and definitely not for online banking, while the Federal Government advises no financial transactions should be done with public wi-fi. “Don't use your phone in a public place like Rundle Mall,” Dr Pattinson said.


Current Issues

 

Scammers doing it by the numbers
Source: Stuff.co.nz - Business
Date Published: 28/05/2014

It's a modern problem with an ancient solution.

Mobile Till app makes life easier for small retailers
Source: Scoop NZ - Business
Date Published: 28/05/2014

Small business owners can now turn their iPad or even iPhone into a mobile cash register, thanks to the launch of a new app. Till2Go will mean shops and stalls can ditch their clunky cash registers and switch to a compact and lightweight till, with

Smartpay eyes Aussie growth
Source: Manawatu Standard - Manawatu Business
Date Published: 28/05/2014

Eftpos terminal supplier Smartpay has posted a $1.7 million tax-paid profit for the year to March 31, turning around last year's $5.9m loss.

Westpac NZ to deliver faster, easier for online customers
Source: Scoop NZ - Business
Date Published: 29/05/2014

Westpac NZ is looking to launch a new online payment option called ‘Direct From Account’ for customers.

Pushpay announces purchase of Run The Red
Source: Scoop NZ - Business
Date Published: 01/06/2014

• Pushpay announces the purchase of Run The Red, a market leader in delivering targeted text messaging solutions locally and globally. • • Pushpay provides mobile commerce tools that facilitate fast, secure and easy non-point of sale payments


Member Banks

 

TSB Bank passes $5 billion deposit milestone
Source: Stuff.co.nz - Business
Date Published: 30/05/2014

TSB Bank's annual report yesterday announced a small dip in profit.


Governance

 

Banking reforms seen as too slow by IMF
Source: Radio New Zealand Business Headlines
Date Published: 28/05/2014

Banking reforms aimed at preventing another financial crisis have failed to make enough progress, the head of the International Monetary Fund has warned.

Reserve Bank governor named top chief executive
Source: Stuff.co.nz - Business
Date Published: 03/06/2014

A former top international banker, who stared down the Beehive with lending restrictions and official cash rates rises months from the election, is this year’s public sector chief executive of the year.


General

 

Quick Coin app lets users send bitcoin through Facebook
Source: CIO
Date Published: 27/05/2014

If you're intrigued by Bitcoin but daunted by how transactions work, there's an app for that -- and it's on Facebook.

How Wal-Mart, Google could steal young customers from traditional banks
Source: New Zealand Herald - Business
Date Published: 30/05/2014

It used to be that the JPMorgans of the world only worried about losing customers to Wells Fargo or Bank of America. But that universe of competitors has grown to include T-Mobile, Wal-Mart, Google and a host of other retail, tech

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