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ANZ and Visa launch first reloadable contactless card in Australia |
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ANZ and Visa have announced the launch of the first reloadable, prepaid contactless card in Australia. The new ANZ Stadium Visa payWave card will be
offered initially to 2,000 ANZ Stadium members for use during the Bledisloe Cup on 26 July.
The technology allows customers to make payments for transactions under the value of $35 without the need for a PIN or signature, by holding their card within five centimetres of a contactless reader.
Visa’s General Manager for Australia and New Zealand Mr Chris Clark said: “The ANZ Stadium Visa payWave card is designed to improve the customer experience at major events. The shorter the transaction times, the shorter the queues and the sooner sports fans can return to the game. The card offers a secure, convenient and quick alternative to cash.” |
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Visa says regulation has increased cost burden on consumers |
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The regulatory scheme applied by the Reserve Bank of Australia has not only failed to achieve its stated objectives, but has increased consumer harm and system risk while doing little to increase competition, Visa has argued in its submission to the review of payment systems reform. Visa said retailers have reaped “an enormous artificial economic benefit” from the mandated reduction of interchange rates, with no evidence that any reductions in card acceptance costs have been passed on to consumers in the form of lower prices. To view Visa’s submission, click
below. |
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Bank of Queensland launches Visa Debit |
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Bank of Queensland has become the latest issuer of Visa Debit, offering consumers a new way to access their own money to shop online, over the counter or over the phone. BOQ joins more than 100 financial institutions in Australia offering Visa Debit, with the number of cardholders exceeding 4.7 million. Visa recently announced major developments for Visa Debit, with cardholders now able to authorize transactions with a PIN number. Visa’s General Manager for Australia and New Zealand, Chris Clark, said: “This will add a new level of convenience and appeal for cardholders.” |
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Lucky winners off to Beijing |
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Eighty lucky Visa cardholders from Australia and New Zealand will be jetting off to Beijing to cheer on their favourite athletes at the Beijing 2008 Olympic Games. The prizewinners have each won travel packages for two people to experience the action and excitement of the world’s biggest sporting event first hand through Visa’s “Win a Trip a Day” promotion. They will be among a contingent of 3,500 Visa cardholders and their partners from Asia Pacific – equivalent to 16 jumbo jet loads in total – who have won a holiday including tickets to two Olympic Games events and tours to the historic Forbidden City and Great Wall of China. The Games are due to kick off on 8 August 2008 with a spectacular Opening Ceremony. Visa has been a proud worldwide partner of the Olympic Games since 1986 and is the only card accepted at Olympic Games venues. |
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Olympian’s grandson wins Beijing experience |
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A Wellington man will realize his dream of witnessing first hand the Olympic Games, 80 years after his grandfather represented New Zealand in javelin, courtesy of Visa and Bank of New Zealand. Mark Fairey won the trip to the Beijing 2008 Olympic Games in a Visa promotion run by online accounting firm Xero. His grandfather, Stan Lay, competed at the 1928 Olympic Games in Amsterdam. |
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Olympic Games outranks cricket and rugby as most popular event |
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The Olympic Games is the most popular global sporting event for Australians and New Zealanders, beating out the Cricket World Cup, the FIFA World Cup and the Rugby World Cup, according to a new survey released by Visa. Click here to see the survey results for
Australia or
New
Zealand. |
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NSW Business Chamber – Visa survey |
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Over 80 percent of NSW businesses are saying that interest rate increases have had a negative impact on their business according to a survey undertaken by NSW Business Chamber and Visa. |
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Auckland Zoo welcomes three new tiger cubs |
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Auckland Zoo has confirmed that female Sumatran tiger Molek has given birth to three tiger cubs. This is great news as the zoo has been working to breed the endangered tigers for 10 years - there are fewer than 400 Sumatran tigers left in the wild. Visa Entertainment is a sponsor of the tiger territory and breeding program. |
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New best practices study reveals procure-to-pay efficiency drivers |
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Visa has released a commercial payment card best practices study that reveals procure-to-pay (P2P) automation is among leading factors contributing to more efficient business processes and cost savings at today's companies across the globe. The study, conducted by Deloitte Consulting on behalf of Visa Commercial Solutions, found that utilizing the latest P2P technologies and integrating commercial payment card usage with those systems can result in better process efficiency, improved spend visibility, optimization of resources and increased cost savings. |
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