The idea of paying someone by signing a piece of paper may seem foreign to younger people, but less tech-savvy New Zealanders are having to adapt to a world without cheques. When Kiwibank announced in May last year that it was going to do away with cheques from the end of this month, some of … Read more
In our Q&A series, The Lightbulb, we ask innovators and entrepreneurs to tell us about how they turned their ideas into reality. This week we talk to Fraser McConnell, co-founder of alternative payments app Choice which is currently running a two-week pilot phase with Wellington bars, restaurants and cafes. First of all, give us your elevator pitch … Read more
Following a campaign on The Spinoff about dragged out payments to small business, a members’ bill has been lodged to name and shame corporate late-payers. We did it! Just this week Labour MP Deborah Russell announced she was putting a members’ bill in the biscuit tin of democracy. The bill had the snappy title of … Read more
After ruthlessly exploiting their monopoly power by imposing payment terms of up to 90 days on thousands of small suppliers, dairy giant Fonterra has bowed to morality with a new invoicing policy. Dairy giant Fonterra is responsible for around 30% of the world’s milk products, has revenue exceeding $17bn and was famous for paying its … Read more
It traces its origins to Rhythm and Vines, and has taken a chunk of the festival payments industry across the Tasman too. Russell Brown discovers the company behind summer fun is getting serious to find new customers. Have you ever looked, I mean, really looked at that chip on your wrist? If you’ve attended Rhythm … Read more