Have an interest in retail payments and credit card interchange rates? Here’s your chance to have a say.

By Steve Biddle, in , posted: 28-Oct-2016 07:43

In May this year I wrote a blog post about credit cards and reward schemes - “Addicted to the Airpoints Credit Card money go round? You might be about to be pushed off.”. I wrote this after the Ministry of Business, Innovation and Employment (MBIE) was asked by the Government to examine retail payments in New Zealand. This followed similar investigations in both the United Kingdom and Australia over the past two years that have seen major changes to retail payment schemes. Amongst other things these changes have seen credit card interchange rates slashed, meaning that the cost for retailers to accept credit cards has been cut significantly. It has also meant major changes to credit card rewards programs in the United Kingdom, but the effects on the Australian market have yet to be felt.

MBIE are now calling for public submissions on the issue, so if you’re a retailer who believes that your cost of accepting credit cards is too high, or simply an individual who has an opinion on the matter here’s your chance to be heard. Submissions close on the 13th December 2016.

Even if you have no interest in making a submission but have an interest in understanding how payments systems work the issues paper makes great reading.

http://www.mbie.govt.nz/info-services/business/competition-policy/retail-payment-systems



Other related posts:
United Airlines pulls out of New Zealand for Southern Hemisphere Winter – AKL/SFO becomes seasonal.
Air New Zealand launches Flexitime Membership (and how it can save you $$$)
Fairfax takes journalism ethics and integrity to a whole new low with Stuff fibre








Comment by antoniosk, on 28-Oct-2016 09:27

$5 to book a $35 Jetstar flight. 60c to pay for a $2.50 carpark in Wellington. $4 with AirNZ flights unless you use their credit cards. 

I would say there are egregious examples of taking the piss on a captive market.


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Steve Biddle
Wellington
New Zealand


I'm an engineer who loves building solutions to solve problems.


I also love sharing my views and analysis of the tech world on this blog, along with the odd story about aviation and the travel industry.

My interests and skillset include:

*VoIP (Voice over IP). I work with various brands of hardware and PBX's on a daily basis
  -Asterisk (incl PiaF, FreePBX, Elastix)
  -Polycom
  -Cisco
  -Linksys
  -Patton
  -Zyxel
  -Snom
  -Sangoma
  -Audiocodes

*Telecommunications/Broadband
  -xDSL deployments
  -WiMAX
  -GSM/WCDMA
  -WiFi

*Structured cabling
  -Home/office cabling
  -Phone & Data

*Computer networking
  -Mikrotik hardware
  -WAN/LAN solutions

*Wireless solutions
  -Motel/Hotel hotspot deployments
  -Outdoor wireless deployments, both small and large scale
  -Temporary wireless deployments
   
*CCTV solutions
  -Analogue and IP

I'm an #avgeek who loves to travel the world (preferably in seat 1A) and stay in nice hotels.


+My views do no represent my employer. I'm sure they'll be happy to give their own if you ask them.


You can contact me here or by email at stevenbiddle@gmail.com

twitter.com/stevebiddle