Government opens banking tender

Mon, 07 Jul 2014

By Suze Metherell July 7 (BusinessDesk) - The New Zealand government's banking services, which include managing about $450 billion of core agency transactions annually, are up for tender for the first time in more than two decades. A single contract will be awarded for the core agencies' transactional bank, including the Crown's consolidated cash management process, which has $229 billion worth of credit and $219 billion worth of debit transactions pass through each year, according to the request for proposal. The state will also appoint...

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