Submission on open banking regulations and standards under the Customer and Product Data Bill

We recently made a submission to the Ministry of Business, Innovation and Employment Hīkina Whakatutuki (MBIE), responding to its discussion paper on open banking regulations and standards under the Customer and Product Data Bill.

Consultation on payments for the next generation now underway

Payments NZ is seeking feedback on potential future payments capability that could power Aotearoa New Zealand’s move to a digital economy and enable New Zealanders to send and receive money in fast, secure, and innovative ways.

One week to go before EFTPOS hardware upgrade deadline

A nationwide phase-out of obsolete EFTPOS terminals is nearly complete, but remaining businesses still using older devices are being urged to act now to avoid disruptions.

Submission on the Customer and Product Data Bill

Payments NZ has made a submission to Parliament’s Economic Development, Science and Innovation Committee in response to the Customer and Product Data Bill, which was introduced to the House in late July.

Final reminder for upcoming EFTPOS hardware upgrade deadline

Final reminders are being issued to the small number of merchants still using obsolete EFTPOS terminals that they need to upgrade their hardware by the end of September.

Consumer research: cards still on top but digital options gaining ground

Physical bank cards are still New Zealanders’ favourite way to pay, but digital wallets are gaining ground on traditional payment methods, according to consumer research undertaken by Payments NZ.

Commerce Commission market study and application for authorisation

We welcome the recommendations that have arisen from the Commerce Commission Te Komihana Tauhokohoko market study into personal banking services.