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Industry at a Glance 31-Mar-15

02 April 2015

Payments NZ Ltd

Payments NZ brings on board new members
Source: Voxy.co.nz - Business
Date Published: 24/03/2015

Payments NZ Limited is working closely with its foundation members and is excited to have new members on board to help shape the future of payments. Members include: - Infrastructure Members - Paymark Limited, Progressive Enterprises Limited.

Australian News

'Now is the time to act' on banking system safety, credit unions and building societies say
Source: The Sydney Morning Herald News Headlines
Date Published: 26/03/2015

The nation's credit unions, building societies and mutual banks have called on the government to increase the resilience of the financial system and boost banking competition.

Second Commonwealth Bank executive charged over alleged bribery scandal
Source: Sydney Morning Herald
Date Published: 27/03/2015

A second former Commonwealth Bank executive wanted over an alleged bribery scandal involving a US IT firm has handed himself in to police. New Zealand born Jon Waldron, 44, handed himself into police at North Sydney on Thursday, eight days after his

Dynamic currency conversion - robbery by choice
Source: Sydney Morning Herald
Date Published: 30/03/2015

As far as bank robberies go, this one is bigger, and just as fiendish, as any. It is called 'dynamic currency conversion' and it is a robbery being perpetrated by banks upon the unwitting customers in their tens of thousands. Unless this dynamic currency

Apple, Google must sign fraud code for e-payments, says PayPal
Source: The Sydney Morning Herald News Headlines
Date Published: 30/03/2015

PayPal says consumer safety is at risk with Apple and Google pushing into the e-payments space, but not signing up to fraud codes.

Current Issues 

Proximity Payments Inching Closer to Mass Market
Source: Scoop NZ - Business
Date Published: 24/03/2015

“Wait and see” approach to technology will leave some telecoms, merchants and payment providers behind in 2015

Credit card customers warned about sweeteners
Source: Stuff.co.nz - Business
Date Published: 25/03/2015

Credit card customers are being warned of the potential pitfalls of accepting "balance transfer" offers as a war for new business hots up between banks.

ANZ to launch mobile wallet within its goMoney app
Source: CIO
Date Published: 25/03/2015

“The ANZ goMoney Wallet will transform the way New Zealanders pay for goods and services,” says Liz Maguire, ANZ’s head of digital channels and transformation.

Man charged after false credit card operation busted
Source: Otago Daily Times: News
Date Published: 26/03/2015

A credit card scam has been uncovered in Queenstown.

FastPay update strengthens ANZ’s role
Source: Scoop NZ - Business
Date Published: 26/03/2015

ANZ is to become the first New Zealand bank to enable merchants to process EFTPOS payments using both iPhone and Android smartphones.

Credit card statements to get minimum repayment warning
Source: Stuff.co.nz - Money
Date Published: 26/03/2015

Credit card users will get a little something extra on their statements from June - a warning that paying off less now will cost them more later.

Buyer beware when booking a break online
Source: Stuff.co.nz - Travel
Date Published: 27/03/2015

Poised over the "pay now" button with $2000 ready to wing its way overseas, a question nagged at my mind. Why is the money going to a bank in Poland?

Making your credit cards work for you
Source: Stuff.co.nz - Money
Date Published: 27/03/2015

It's nice to feel like you're wanted. This past week, the big banks have been laying on the grease thicker than the oil slick on a 14-year-old's forehead.

NetSafe reminds Kiwis to protect mobile devices
Source: Scoop NZ - Business
Date Published: 30/03/2015

NetSafe is reminding Kiwis to take care of their mobile devices as the Easter school holidays rapidly approach and families prepare to head off on road trips to visit relatives.

'PAYE' plan for company tax
Source: Stuff.co.nz - Better Business
Date Published: 30/03/2015

The way businesses, investors and the self-employed pay tax could change dramatically after the Inland Revenue Department completes a $1 billion-plus overhaul of the tax system.

Vodafone adds bank cards to mobile payment service
Source: CIO
Date Published: 31/03/2015

Hoping to make a mark in the increasingly competitive mobile payment sector, Vodafone will soon let users of its Wallet service pay for goods via contactless terminals with a Visa bank card stored on their Android smartphones.

Member Banks

SBS the little bank with big plans
Source: Stuff.co.nz - Business
Date Published: 24/03/2015

SBS Bank is a little bank with big plans to grow into a national brand.

ANZ under fire for $1 billion trans-Tasman deal
Source: Stuff.co.nz - Business
Date Published: 25/03/2015

Five years after paying $413.7 million to settle a huge tax avoidance claim, ANZ bank is under fire for a $1 billion deal that appears to "double dip" on trans-Tasman tax benefits.

SBS fixed rate makes the cut
Source: New Zealand Herald - Property
Date Published: 28/03/2015

Fixed interest rates are back in the headlines as the banks continue their playful arm wrestle -- each wanting to drum up new business by offering lower fixed-rate mortgages along with a few bells and whistles (such as free TVs and

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