Minister Simpson’s announcement on 1st May of the decision to regulate open banking is momentous for payment initiation services like POLi. From 1 December, ASB, Westpac, ANZ and BNZ will be required to connect MBIE accredited service providers to their open banking APIs. The Minister’s announcement coincided with the news that POLi and ASB are partnering to enable open banking …
ASB and POLi partner to support secure open banking payments in New Zealand
In an industry first, ASB has today announced it is partnering with POLi, one of New Zealand’s largest online payments providers, to support customers to make secure open banking based digital payments. With POLi using ASB’s open banking APIs, customers are able to use POLi as a payment method without sharing their username and password. Customer authentication and payment authorisation …
7-day payment processing comes to NZ: What this means for you
7-day payment processing has come to New Zealand. But will this mean you need to adjust any internal processes? Let’s take a look. 365 days of payments from May 26 All of us have at some point tried to send or receive money through a direct bank transfer or automatic payment, only for it to stay in limbo over the …