For close to three decades, Eftpos has been New Zealand’s preferred payment method. But how long will it last? Justin Gregory for RNZ looks back on the growth of electronic banking and what comes next. A few years back, a Kiwi actor flew out to Shanghai to film a TV ad. The shoot would only … Read more
New Zealanders get charged some of the highest fees for debit and credit card use in the world and most of us don’t even realise it. Paul Brislen attempts to explain interchange – fees paid between banks for the acceptance of card based transactions. Ah, shopping. The hunt, the choosing, the purchasing. The endorphin rush. … Read more
New Zealand’s new unofficial flag isn’t Laser Kiwi, it’s the increasingly ingenious way our retailers give us the news that hurts – no Paywave. Rebecca Stevenson investigates the unrelenting demand for tap and go payments. I’m sure you’ve seen them – sometimes it’s an old bit of brown tape with “NO PAYWAVE” in biro. Some … Read more