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Industry at a Glance 28-Apr-15

30 April 2015

Payments NZ Ltd

Banks, retailers and Payments NZ working on EFTPOS upgrade that would ...
Source: Interest.co.nz
Date Published: 26/07/2013

'However, separately, the industry (banks, retailers and Payments NZ) is evaluating the potential to upgrade the technology supporting the traditional EFTPOS card to allow these payment cards to be migrated to mobile phone based payments in the same

Payments NZ mulls making data on the volume of customers changing banks ...
Source: Interest.co.nz
Date Published: 17/04/2014

New Zealand's customer bank switching regime, touted as the fastest in the world by the company that oversees it, doesn't feature among three examples cited by a challenger bank lobbying the Australian government for improvement to that country's

New Zealand Bankers' Association

BNZ to chair New Zealand Bankers' Association
Source: guide2.co.nz
Date Published: 01/04/2015

Bank of New Zealand chief executive Anthony Healy has been elected chair of the New Zealand Bankers' Association for 2015/16 and takes on the role today. ANZ chief executive David Hisco was elected deputy chair. 'I am delighted to take the role of Chair

Australian News

Credit card demand highest in a decade
Source: The Sydney Morning Herald National Headlines
Date Published: 22/04/2015

Demand for credit cards soared 13.5 per cent in the last year, the largest increase in nearly a decade, credit data provider Veda says.

Australian property seen as hot destination for money laundering
Source: Stuff.co.nz - Business
Date Published: 22/04/2015

Australia needs to tighten safeguards against money laundering in its booming property market, which has attracted Chinese funds with likely links to corruption, an international anti-money laundering body said in a report released late on Tuesday.

Westpac first to tap into latest smartwatch arms race
Source: The Australian
Date Published: 24/04/2015

Unlike Westpac's, Commonwealth Bank's Apple Watch offering in a few months will have transactional features. Westpac Apple Watch app customers will be able to locate the nearest ATM and branch, and receive travel notifications to advise the bank of their

Renee Roberts' 20-year vision for National Australia Bank's technology
Source: Sydney Morning Herald
Date Published: 27/04/2015

'Banks are very complex and have always struggled with their technologies,' says Renee Roberts in her first interview after nine months as National Australia Bank's group executive for enterprise services and transformation. It's a job that puts her in

eWay makes New Zealand splash
Source: The Australian
Date Published: 27/04/2015

eWay's New Zealand Merchant Services allows merchants to set up online payments without the need to talk to a bank, and aims to reduce the payments processing time down from weeks or days down to minutes in some cases. Today's release follows a

Card surcharges necessary, RBA says
Source: The Age National Headlines
Date Published: 28/04/2015

Credit card surcharges are necessary but review is needed to address concerns about excessive fees, the head of the Reserve Bank says.

Current Issues

ASB offers temporary lock on lost bank cards
Source: New Zealand Herald - National News
Date Published: 21/04/2015

Customers no longer need to cancel lost bank cards thanks to a new temporary lock initiative introduced by ASB.With 55,000 ASB cards reported missing each year, the bank hoped it would be a welcome move.It launched a range of

ASB app offers ability to switch off contactless payments
Source: Stuff.co.nz - Money
Date Published: 21/04/2015

Those who have resisted the "tap and go" contactless payments revolution have finally been given a way to opt out.

PushPay to raise $13.8m from shareholders
Source: NBR-Technology
Date Published: 23/04/2015

PushPay will use the cash to research and develop new products and accelerate sales growth in the US.

Canstar announces results of online banking award
Source: Voxy.co.nz - Business
Date Published: 23/04/2015

Some of us can remember a time when the only way of interacting with a bank was to pick up the phone or visit a branch. Many of today’s banking customers have their bank with them 24/7; most are just a click or a swipe away from a transaction, a balance check or a new account.

Data analytics key as global retail banking tech spend hits US$131 billion mark
Source: CIO
Date Published: 28/04/2015

Worldwide technology budgets continue to rise, with technology spend to reach US$157.6 billion in 2019.

Member Banks

Legal high-flyer Mai Chen joins BNZ board
Source: Stuff.co.nz - Business
Date Published: 21/04/2015

Public law expert and author Mai Chen has joined the BNZ board.

Test for AAA rating next year: ANZ
Source: The Sydney Morning Herald National Headlines
Date Published: 23/04/2015

ANZ Bank economists expect Australia's triple-A rating will be more closely looked at by global agencies next year if budgetary downgrades continue.

Banks push internet options
Source: New Zealand Herald - Banking
Date Published: 24/04/2015

Exactly how much you can do via online banking has been under the microscope in a new survey looking at major banks' use of online space.And of the eight banks included in the Canstar survey, Westpac proved to be the most tech-savvy;

ANZ renews its partnership with Air New Zealand Airpoints
Source: Scoop NZ - Business
Date Published: 24/04/2015

Air New Zealand and ANZ bank have renewed their partnership relating to the Air New Zealand Airpoints™ programme. Following a successful initial five year term, ANZ has signed for a further five years. In doing so, ANZ Airpoints Visa card holders

Governance 

Credit card terminals have used same password since 1990s, claim researchers
Source: CIO
Date Published: 24/04/2015

While retailers battle breaches that have resulted in tens of millions of credit card numbers stolen, word comes from the RSA Conference in San Francisco that a major vendor of payment terminals has been shipping devices for over two decades with the same default password.

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