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Hot Topics: Solid Energy | Unitary plan | Budget

eftpos

Card spending rises 5.8% in May to $3.8 billion

Hannah Lynch | Tuesday June 12, 2012

Extra spending led by an increase in transactions related to building products.

Vodafone network problems hit 2G mobile data, TXT-a-Park, mobile Eftpos

NBR staff | Friday July 22, 2011 | 10 comments

UPDATE 4.20pm: Vodafone says the problem is now resolved

4000 Eftpos terminals face the axe tomorrow

Georgina Bond | Tuesday May 31, 2011 | 6 comments

Retailers with older machines will be disconnected.

Eftpos affected nationwide in wake of Christchurch earthquake

NBR staff | Tuesday February 22, 2011

Retailers across the country are likely to be experiencing delays processing eftpos transactions in the wake of the earthquake that shook Christchurch this afternoon.

$2.6m credit card fee settlement will shake up retail transactions

Mitchell Hall | Wednesday August 12, 2009 | 14 comments

The Commerce Commission has settled out of court with Visa in a deal that will change the fees charged on all retail transactions in New Zealand.

Visa has settled – unlike MasterCard, The Warehouse Financial Services in relation to MasterCard, ANZ National Bank, Bank of New Zealand, Westpac, ASB Bank, Kiwibank and TSB Bank – which are due to face the commission in an October High Court case over interchange fees.

Debt-wary consumers paying with money in the bank

Niko Kloeten | Tuesday June 09, 2009

The recession seems has put the fear of debt into many consumers; the latest figures from Paymark show debit card use has increased while credit card use remained flat.

Debit card use was up 7.8% in May compared to last year, while credit card use only rose 0.4%.

Paymark chief executive Simon Tong says the trend towards people spending money they already have in the bank is a positive one and preferable to racking up credit card debt during the tough times.