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January 17, 2024

On the web

May 25, 2023

On the wires

New Zealand Banks Move to Processing Payments Seven Days a Week


"The majority of New Zealand bank customers will be able to send and receive local payments seven days a week, starting on Friday, the local payments overseer said. Payments NZ, which manages New Zealand's core payment clearing systems said in a statement that from Friday, electronic bank payments made on public holidays and weekends can now go through on the same day, every day of the year."

April 20, 2022

On the wires

EPayments and Alchemy Pay Partner for Australian and NZ Crypto Payments


“Fiat-crypto payments provider, Alchemy Pay (ACH), has partnered with merchant payment provider, ePayments, to offer crypto payments and services in New Zealand and Australia. ePayments will integrate with Alchemy Pay to provide to their merchants with crypto payment acceptance, as well as payments with Binance Pay. As part of the partnership, Alchemy Pay will also leverage ePayments’ NZ and Australian fiat payment channels and provide global crypto service providers with access to users in these markets.”

May 12, 2021

On the web

Is This the End of ‘No Paywave’ Signs? Govt to Clamp Down on Merchant Fees – NZ Herald

NZ Herald

“The Government is to clamp down on the fees banks charge businesses when people pay by credit or debit cards. Eftpos is free for merchants but its use has been dropping particularly with the Covid-19 pandemic as more people shopped online or used contactless credit or debit cards. The major banks temporarily cut contactless debit card fees to small business customers in late March amid pressure from technology entrepreneurs worried the high cost was putting merchants off using it.”

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