Submission to the Commerce Commission on switching
Payments NZ has made an initial submission in response to the Commerce Commission’s market study draft report on personal banking services, which was published on 21 March 2024.
Read more 26 Apr 2024Payments NZ reminds merchants of EFTPOS hardware upgrade deadline
Payments NZ is reminding merchants to check the age of their EFTPOS terminals as an important deadline for upgrading older models approaches. Any devices running on the PCI 3.x standard will no longer be compliant after 30 June 2024, leading to their disconnection from Aotearoa New Zealand’s payment network.
Read more 23 Apr 2024Fast-approaching life cycle dates for EFTPOS devices
As previously announced, the PCI 3.x sunset date is 30 June 2024. Any PCI 3.x devices still connected to the EFTPOS switching network after 30 June 2024 will be disconnected.
Read more 19 Apr 2024Bank settlement system – Scheduled maintenance – 4/5 May
Payments sent from one bank to another will be delayed between 11:30pm on Saturday 4 May and 5:00pm Sunday 5 May to enable industry-wide scheduled maintenance on settlement systems.
Read more 19 Apr 2024Our Commerce Commission application: an explainer
In January, the Commerce Commission published an application from Payments NZ for an authorisation under the Commerce Act.
Read more 1 Mar 2024Statement on Commerce Commission’s update on payments between bank accounts
We welcome the update from the Commerce Commission on its Payments Between Bank Accounts work.
Read more 22 Feb 2024