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264 posts

Ultimate Geek


# 20840 7-Apr-2008 15:50
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Hey guys,

Doing some research for Uni on times that global companies have used NZ as a test bed for new 'digital' products or services, and looking for some help!

I hear Vodafone first trialled GPRS data in NZ, but I was hoping you guys could let me know of some others?

Thanks in advance!





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# 121814 7-Apr-2008 15:56
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First country in the world to have Geekzone Laughing

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  # 121821 7-Apr-2008 16:24
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Wasnt EFT-POS trialled here first?

Great test bed, because to reach a given proportion of the populace can be cheaper overall, because of our low number of citizens.







 
 
 
 


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  # 121872 7-Apr-2008 18:42
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From memory we were the first for Internet banking also

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Ultimate Geek


  # 121881 7-Apr-2008 19:54
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and also first with mobile banking




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  # 121955 8-Apr-2008 00:31
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I hope you guys are being sarcastic.Nz isn't the first with mobile and internet banking.Eftpos was widely available ages ago overseas

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Ultimate Geek


  # 121956 8-Apr-2008 00:53
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No - not at all. I can't be bothered finding reference for the above but here are some facts I have a reference for

"Fund Transfer at Point Of Sale) system is highly popular in New Zealand, with more debit card terminals per head of population than any other country[8], and being used for about 60% of all retail transactions[9]. According to the largest EFTPOS network provider, "New Zealanders use EFTPOS twice as much as any other country."[10]"

from http://en.wikipedia.org/wiki/Debit_card#New_Zealand




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  # 121958 8-Apr-2008 01:42
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Filterer: No - not at all. I can't be bothered finding reference for the above but here are some facts I have a reference for

"Fund Transfer at Point Of Sale) system is highly popular in New Zealand, with more debit card terminals per head of population than any other country[8], and being used for about 60% of all retail transactions[9]. According to the largest EFTPOS network provider, "New Zealanders use EFTPOS twice as much as any other country."[10]"

from http://en.wikipedia.org/wiki/Debit_card#New_Zealand


I actually find EFTPOS is an out of date technology and nz isnt the first to use it.Uk if i am correct.NZ may have the highest number to use it but it doesnt necessary mean it is the first

Singapore uses what they call  a "Tap" card.

Hong Kong uses the octopus card while Japan uses the felica card

It is a credit size card with a built in computer chip.The computer has values in it which you top up thru a dairy ,railway stations or other shops

You can use this card in buses,railway stations,sushi stores,dairies etc.
You place this card on top of the scanner say 5cm on top of the scanner.It makes a "Dut" sound and then money is deducted from the chip.It is convienent than using credit card,cash or eftpos

No pin is required.Just place the card slightly above the scanner and it'll show you how much money is left on your card.Very convienent. 

It can be use on buses,making purchases at a dairy, railway stations, van rides, and other shops.

So its like a prepay card with a built in chip.You can top up the card at places like dairy,railway stations.

http://en.wikipedia.org/wiki/Octopus_card

http://en.wikipedia.org/wiki/Mobile_FeliCa

Eftpos is soo... out of date...

 
 
 
 


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Ultimate Geek


  # 121960 8-Apr-2008 02:00
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According to http://www.apacs.org.uk/media_centre/press/documents/20yearsofDebitCardFINAL.pdf:
"When the UK’s first debit card was launched in 1987 it heralded...."

According to http://en.wikipedia.org/wiki/Debit_card#New_Zealand:
"The Bank of New Zealand introduced EFTPOS to New Zealand in 1985 through a pilot scheme with petrol stations"

Ok so its not proof we were world first but it proves the UK wasn't.


Anywho, the OP wasn't after a moan about New Zealand's payment techniqes being out of date, he/she was looking for suggestions of avenues to research where NZ was a "test bed"




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  # 121961 8-Apr-2008 02:08
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Filterer: According to http://www.apacs.org.uk/media_centre/press/documents/20yearsofDebitCardFINAL.pdf:
"When the UK’s first debit card was launched in 1987 it heralded...."

According to http://en.wikipedia.org/wiki/Debit_card#New_Zealand:
"The Bank of New Zealand introduced EFTPOS to New Zealand in 1985 through a pilot scheme with petrol stations"

Ok so its not proof we were world first but it proves the UK wasn't.


Anywho, the OP wasn't after a moan about New Zealand's payment techniqes being out of date, he/she was looking for suggestions of avenues to research where NZ was a "test bed"


So eftpos derived from debit card so you can say that uk was the first

I'm not moaning.I'm just implying that just because Nz uses the most eftpos transaction does not indicate it being the first of providing this service.

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Ultimate Geek


  # 121962 8-Apr-2008 02:11
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ninjabear:
So eftpos derived from debit card so you can say that uk was the first


How can you say that NZ = 1985, UK = 1987. 1985 was before 1987 last time I looked.




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  # 121964 8-Apr-2008 03:37
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The key difference with EFTPOS in NZ is all transactions must be pin-verified in real time online with the banks' central processor. Only a handful of other countries (eg Canada and some states of the USA) also mandate online pin verification with mag-stripe cards. Difficult to say who was first, but NZ was definitely at the forefront with a nationwide, single acquirer (single terminal per merchant) pin verified network.

For many years other countries couldn't match the security offered by NZ's online merchant terminal model. Instead their debit card schemes were off-line/signature based. Only recently, with the introduction of EMV chip cards (UK's chip & pin) or NFC cards (UK's Octopus/Japan's Felica), can offline transactions in these countries be secured with pin verification. NZ banks will be slower to implement these new card technologies because our "outdated" eftpos system already offers similar levels of security with much lower cost mag-stripe cards.

So I would say, yes, NZ was a testbed for the usefulness of pin based debit.  Other countries then implemented it later using different technologies more suited to their markets.
 

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  # 121970 8-Apr-2008 05:41
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Filterer:
ninjabear:
So eftpos derived from debit card so you can say that uk was the first


How can you say that NZ = 1985, UK = 1987. 1985 was before 1987 last time I looked.


Canada has a nation-wide EFTPOS system, called Interac Direct Payment. Since being introduced in 1984, IDP has become the most popular payment method in the country.

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  # 122000 8-Apr-2008 07:50
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Interac was established in Canada in 1984 as a cooperative between major banks for their ATM network, not for any payment networks at that time.

The Interac Direct Payment system which is close to our EFTPOS was launched nationwide in Canada in 1994.  So it would appear we were 10 years ahead of Canada.

So it continues to look like EFTPOS is a great example of NZ leading the way as the test bed globally for debit+pin.

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Ultimate Geek

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  # 122073 8-Apr-2008 12:22
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ninjabear:
Filterer:
ninjabear:
So eftpos derived from debit card so you can say that uk was the first


How can you say that NZ = 1985, UK = 1987. 1985 was before 1987 last time I looked.


Canada has a nation-wide EFTPOS system, called Interac Direct Payment. Since being introduced in 1984, IDP has become the most popular payment method in the country.

Many places in Canada *still* do not have Interac payment facilities, and many ATMs will not accept cars from antoher institution - both are situations which are very uncommon with Eftpos in NZ.




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Master Geek


  # 122116 8-Apr-2008 13:54
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I also herd that NZ was the first country to have EFTPOS (sorry don't have any refrences of where I herd it from)

Gotta say though that would be a cool paper to do, wish mine where that interesting some times ha.

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