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Payments NZ - Latest News [Page 1]
Final Reminder For Merchants Of EFTPOS Hardware Upgrade Deadline
Monday, 16 September 2024, 1:48 am | Payments NZ
From 1 October, any EFTPOS terminals running the PCI 3.x standard will no longer be compliant and will be subject to disconnection from Aotearoa New Zealand’s payment network. More >>
Payments NZ Chair Jim Quinn Retires From Board
Monday, 22 July 2024, 11:51 am | Payments NZ
Payments NZ Board Chair Jim Quinn has advised the company he is stepping down from the Board, effective from 31 August 2024. More >>
Merchants See Weekend Gains From Seven-Day Payments
Friday, 19 July 2024, 9:56 am | Payments NZ
Retailers are banking gains from the country’s move to seven-day payments, with an average of $200 million in EFTPOS payments settled to merchants each weekend over the system’s first year. More >>
Payments NZ Reminds Merchants Of EFTPOS Hardware Upgrade Deadline
Tuesday, 23 April 2024, 9:28 am | Payments NZ
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. More >>
Open Banking Implementation Timeline Set For Largest Banks
Tuesday, 30 May 2023, 10:29 am | Payments NZ
Aotearoa New Zealand’s four largest banks will all be live with the Payments NZ API Centre’s open banking standards over the next 18 months. This announcement marks a significant milestone in Aotearoa’s open banking journey, enabling consumers ... More >>
Payments Every Day Arrives In Aotearoa New Zealand
Monday, 22 May 2023, 9:28 am | Payments NZ
Payment settlement moves from business days to 365-days a year From Friday 26 May, electronic bank payments made on public holidays and weekends can now go through on the same day, every single day of the year. 365-day payments or seven-day payments ... More >>
One In Four Kiwi Couldn’t Service An Unexpected Expense
Thursday, 1 December 2022, 10:40 am | Payments NZ
New Payments NZ survey reveals Kiwi attitudes towards finance and payments If an unexpected expense like car repairs or a surprise bill came through today, would you be able to easily make payment? One in four Kiwi wouldn’t. The latest Payments ... More >>
Payments During QEII Memorial Day
Wednesday, 21 September 2022, 6:14 pm | Payments NZ
Payments NZ wishes to advise that our core payment settlement systems – Settlement Before Interchange (SBI), the High Value Clearing System (HVCS), and the Consumer Electronic Clearing System (CECS), will be operating as usual on Monday, 26 September ... More >>
NZ Payments Industry Temporarily Raises Contactless Payment PIN Limit
Thursday, 9 April 2020, 8:53 am | Payments NZ
From today, after a successful pilot, New Zealand’s payments industry will progressively roll out a temporary increase to the PIN limit for contactless card payments to $200. The increase, which is up from the current $80 limit, aims to help reduce the need ... More >>
Payments innovation made easier
Friday, 1 March 2019, 1:18 pm | Payments NZ
1 March 2019, Auckland – Payments NZ has today released its first API standards, paving the way for greater innovation in financial services. More >>
The future is opensay experts at Payments NZ conference
Thursday, 5 July 2018, 12:44 pm | Payments NZ
5 July 2018, Auckland – The world is moving rapidly toward a more open financial system – but we need to be careful of the risks and unintended consequences of these changes. More >>
Payments NZ welcomes ICBC to Bulk Electronic Clearing System
Monday, 29 February 2016, 1:12 pm | Payments NZ
Payments NZ has welcomed a new direct settlement participant to its Bulk Electronic Clearing System (BECS), the Industrial and Commercial Bank of China New Zealand Limited, (ICBC). More >>
Good decision to remove duty on cheques – Payments NZ
Thursday, 15 May 2014, 3:40 pm | Payments NZ
The Government’s decision to remove the 5 cent duty on cheques as part of the 2014 Budget is evidence of New Zealand’s rapidly evolving payments systems. The move reflects New Zealanders’ declining use of cheques. The processes and efforts ... More >>
Payments NZ launches new standards for mobile payments
Tuesday, 25 March 2014, 1:32 pm | Payments NZ
New options for making payments by mobile phone are expected to appear later this year, and Payments NZ has launched new Mobile Device Rules and Standards that will govern the mobile payments system, and protect businesses and consumers. More >>
Report indicates cheques in natural decline
Monday, 3 December 2012, 9:33 am | Payments NZ
Report indicates cheques in natural decline Payments NZ, the organisation responsible for overseeing New Zealand’s payment systems, today announced the results of a report it commissioned on cheque use in New Zealand. The report has revealed that ... More >>
Payment issue largely resolved
Wednesday, 25 April 2012, 4:55 pm | Payments NZ
Payments NZ said this afternoon that the network issue which had affected the Swift payments gateway had been largely resolved. More >>
Network issue affects payments
Wednesday, 25 April 2012, 10:50 am | Payments NZ
The issue has meant that several payment transfers were not made overnight due to a network issue on the Swift payments gateway, the system used to transfer these files between banks. Payments NZ CEO Steve Nichols said that the fault was discovered ... More >>
Payments NZ completes Settlement Banking Interchange project
Thursday, 5 April 2012, 2:09 pm | Payments NZ
Payments NZ Limited says the new, faster system for the interchange and settlement of domestic payments between banks has put New Zealand at the cutting edge of international best practice. More >>
Payments NZ to consult with NZers about cheques usage
Wednesday, 6 July 2011, 5:19 pm | Payments NZ
Payments NZ (PNZ) is in the early stages of planning a study of cheques as a payment instrument. New Zealand has one of the highest uses of electronic transactions in the world. The growth and expansion of this system over many years has seen the use ... More >>
New governance structure for bank payments system
Wednesday, 15 December 2010, 11:27 am | Payments NZ
The governance of New Zealand’s bank to bank payment clearing and settlement system, which handles New Zealand’s more than six million daily payments, has been transferred from the New Zealand Bankers’ Association ( NZBA ) to a new company called Payments ... More >>
