Payments NZ - Latest News [Page 1]

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 >>