Technology news for New Zealand's largest enterprises
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Merchant choice routing: A process to significant savings for businesses
Merchant choice routing offers businesses the ability to override these defaults in the card and use the smarts in the terminal to process the transaction via the lowest cost network.
Vodafone drops cheques in move it calls (sigh) "Chexit"
Vodafone is, ahem, chequing out of the now old-school payment method as it focuses on developing its digital-first services.
PAX Technology prepares for AU rollout of Android payment terminals
Payment terminals provider PAX Technology will launch its Android products into the Australian market next year, following completion of domestic compliance and software requirements.
PPRO accelerates growth in APAC with new addition to leadership team
"Phua's appointment marks the strategic importance of the Asia Pacific region to the company."
New blockchain platform for B2B cross-border payments
The platform from the new company Global Direct could be a game-changer for cross-border B2B transactions.
Instalment service provider PartPay acquired by Australian player Zip
The acquisition gives Zip exposure to four key geographies – New Zealand, United Kingdom, United States and South Africa.
Opinion: UK tax agency proves crypto is the future of money
"This move by the UK’s tax authority cannot be viewed as anything other than another clear sign that cryptocurrencies like Bitcoin, Ethereum and XRP are not only part of mainstream finance, but also the future of money."
Paymark signs deal with Kiwi fintech startup Aider
“The data Paymark collects is a gold mine for small business owners – they just need to be able to access it on-the go simply by asking, that’s where Aider comes in."
PayU strikes $65m deal for Singapore payments provider
PayU, a fintech business belonging to internet multinational firm Naspers, has acquired a majority stake in Southeast Asia-focused online payment solutions provider Red Dot Payment.
Unisys integrates PayCargo payment processing into software
PayCargo payment processing services can be integrated into the Unisys operating modules of Digistics to offer clients real-time payment processing.
Worldpay makes next moves for A/NZ expansion
Two Australian offices in Sydney and Melbourne and New Zealand card payment processing licencing announced
‘Buy-now-pay-later’ taking consumer markets by storm
A new survey shows that young people are embracing this new method of purchasing, with over 1.5 million users in the last year in Australia alone.
Mastercard opens Global Tech Hub in Sydney
"Enterprises, SMEs or startups are now able to bypass legacy approaches and develop innovation at an accelerated pace."
Xero 'brings small business platform to life' with string of updates
Xero says the major new products and features are intended to enable owners and their advisors to build more efficient and profitable operations.
SMBs were paid an average of 8.3 days late in June
Businesses that have payment terms that allow for 60-90 days payment were more likely to be met within the payment period, or even earlier.
Xero attracts US-based B2B provider to its marketplace
B2B payment platform provider PayStand is one of the latest global companies to announce an integration with Xero.
BNZ merchant customers to get Alipay this year
BNZ is the first Kiwi bank to offer the option to accept Alipay which should roll out in July following the trial currently underway.
Millennials moving towards payment installations to avoid credit debt trap
Perpetual debt, hidden costs and exorbitant interest rates are all charged by our largely foreign-owned banks and retail finance companies.
Vend brings buy now, pay later solution to Kiwi SMBs
Afterpay allows customers to buy in-store instantly, putting down a quarter of the cost and paying over four equal fortnightly instalments.
Vend finds Aus retail sales down by 7%
"So is that Amazon’s impact, or is it shoppers being more cautious with their cash? This year will be the telling."
Aus payments fintech Verrency signs long-term agreement with UnionPay
Verrency’s services will be delivered via the UPI Wallet, Union Pay’s innovative API service.
Vend partners with Commonwealth Bank to be on SMB payments tablets
Commonwealth Bank’s purpose-built payments tablet Albert will now feature Vend’s Register app.
Fintech disrupting international payments industry by ditching SWIFT network
InstaREM’s service differentiates itself in two ways: it’s transparent about the cost, and doesn’t take a cut of the money transferred as fees.
Xero partners with blockchain-based international payments provider Veem
The Veem platform supports global payments in US Dollars as well as multiple currencies to over 60 countries.