'Confirmation of payee' anti-scam measure inches closer

'Confirmation of payee' anti-scam measure inches closer
(Image: NZME)
Dileepa Fonseka
Banks are getting closer to implementing anti-scam “confirmation of payee” measures.New Zealand Banking Association (NZBA) chief executive Roger Beaumont said retail banks were “on track” to start rolling out the service by year's end, after recently confirming a preferred provider.Beaumont said NZ’s retail banks had completed a “competitive selection process” to find a provider for the service.“We won’t be able to announce the name of that provider until we’ve finalised the c...

More Finance

Officials MIA on banking competition, say critics
Finance

Officials MIA on banking competition, say critics

Over-regulation of the banking sector is blamed for stifling competition.

Pattrick Smellie 20 Feb 2025
Heartland declares $49.6m impairment in NZ business
Finance

Heartland declares $49.6m impairment in NZ business

Heartland Group shares fell 12% in early trading.

Gregor Thompson 18 Feb 2025
Big banks scrubbing public mentions of DEI
Finance

Big banks scrubbing public mentions of DEI

Citigroup and others seek to avoid possible litigation and federal probes.

Toy entrepreneur quashes spec of NZME takeover
Finance

Toy entrepreneur quashes spec of NZME takeover

Zuru founder Nick Mowbray says a report speculating he could take over private media company NZME is wrong. On Friday morning, The Australian’s Data Room said “some wealthy Kiwis” were plotting to do something about the state of New Zealand’s media industry and cited Mowbray as a...

Victoria Young 14 Feb 2025