Commerce Commission draft determination a step towards simpler partnering in open banking
Our application, made by Payments NZ on behalf of the API Centre, banks and third parties, seeks permission to work with open banking stakeholders to make partnering simpler and more efficient.
Read more 1 Jul 2024Final call to replace 3.x EFTPOS devices
Payments NZ sets device lifecycle dates based on our device lifecycle framework. This framework is in place to ensure sensitive card data continues to be protected from unauthorised use by making sure EFTPOS devices use secure technology.
Read more 4 Jun 2024Submission to the Commerce Commission on designation of the interbank payment network
Payments NZ has made a submission on a proposal by the Commerce Commission Te Komihana Tauhokohoko to recommend designation of the interbank payment network under the Retail Payment System Act 2022.
Read more 23 May 2024Submission to the Commerce Commission on switching
Payments NZ has made an initial submission in response to the Commerce Commission’s market study draft report on personal banking services, which was published on 21 March 2024.
Read more 26 Apr 2024Payments NZ reminds merchants of EFTPOS hardware upgrade deadline
Payments NZ is reminding merchants to check the age of their EFTPOS terminals as an important deadline for upgrading older models approaches. Any devices running on the PCI 3.x standard will no longer be compliant after 30 June 2024, leading to their disconnection from Aotearoa New Zealand’s payment network.
Read more 23 Apr 2024Fast-approaching life cycle dates for EFTPOS devices
As previously announced, the PCI 3.x sunset date is 30 June 2024. Any PCI 3.x devices still connected to the EFTPOS switching network after 30 June 2024 will be disconnected.
Read more 19 Apr 2024