BNZ accused of sabotage by former business partner

Tue, 05 May 2020

The company behind failed payments platform Swipe HQ is suing BNZ and SmartPay, accusing the pair of deceit and conspiring against it.Under a deal signed in 2012, Swipe HQ provided bundled mobile payment services to retailers using BNZ’s banking infrastructure. To do this, Swipe HQ leased hardware from eftpos terminal provider SmartPay from 2014. At that time BNZ was also working on a similar product, PayClip, which was more expensive and exclusive to its own banking customers.Swipe HQ had accumulated more than 2,000 customers&n...

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