28 July 2016
Find out more

PaymentsNZ launches new standards for mobile payments

26 March 2014  |  4317 views  |  0 CommBank mobile payments

National payments umbrella organisation Payments New Zealand has launched new Mobile Device Rules and Standards designed to govern mobile payments system and protect businesses and consumers.

The new rules - which are set to come into force in mid-May - have been drafted as banks and telcos seeks to take advantage of the progressive roll-out of contactless Eftpos terminals on the high street.

Payments NZ CEO Steve Wiggins, says: "The new rules help protect the credibility and security of domestic payments, which will give customers greater confidence to use the technology."

He says Payments NZ consulted widely on developing the standards to ensure they can support future innovation.

Says Wiggins: "We're confident the Rules and Standards will meet the needs of emerging technologies this year, as well as maintain the flexibility to respond to new developments in the rapidly evolving market."
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

POS start-up Vend secures $20m funding

POS start-up Vend secures $20m funding

25 March 2014  |  4373 views  |  2 comments | 4 tweets | 4 linkedin
New Zealand gives green light to crowdfunding

New Zealand gives green light to crowdfunding

27 February 2014  |  4382 views  |  0 comments | 5 tweets | 9 linkedin
TSB Bank joins NZ government's RealMe online ID scheme

TSB Bank joins NZ government's RealMe online ID scheme

11 November 2013  |  3058 views  |  0 comments | 2 tweets | 3 linkedin
BNZ taps Mint Wireless for mPOS tech

BNZ taps Mint Wireless for mPOS tech

13 September 2013  |  5754 views  |  0 comments | 4 tweets | 1 linkedin
ASB Bank pilots customer video conferencing facility for PC and mobile

ASB Bank pilots customer video conferencing facility for PC and mobile

05 September 2012  |  5991 views  |  1 comments | 1 tweets
New Zealand telcos partner Paymark on NFC m-payments

New Zealand telcos partner Paymark on NFC m-payments

02 April 2012  |  4966 views  |  0 comments
BNZ trialling NFC-based mobile wallet

BNZ trialling NFC-based mobile wallet

25 November 2011  |  5832 views  |  0 comments | 2 linkedin
ASB Bank taps Google+ Hangouts to chat with mobile pilot participants

ASB Bank taps Google+ Hangouts to chat with mobile pilot participants

10 November 2011  |  6205 views  |  0 comments
New Zealand considers the future of paper cheques

New Zealand considers the future of paper cheques

06 July 2011  |  5989 views  |  0 comments
BNZ sees fast return on mobile banking investment

BNZ sees fast return on mobile banking investment

04 July 2011  |  9827 views  |  0 comments
ANZ New Zealand trials mobile payments

ANZ New Zealand trials mobile payments

14 June 2011  |  6911 views  |  0 comments
Visa to phase out signature cards in New Zealand by 2012

Visa to phase out signature cards in New Zealand by 2012

24 March 2010  |  9031 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9508 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9479 views 14 comments | 33 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
8320 views comments | 19 tweets | 25 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6427 views comments | 15 tweets | 19 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
6059 views 0 | 12 tweets | 3 linkedin

Featured job

Find your next job