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Payments NZ to roll out standards for mobile banking

Payments NZ to roll out standards for mobile banking

The new rules are expected to be approved by the Payments NZ board at its March meeting

A new, comprehensive set of standards for mobile banking is about to be rolled out by Payments NZ.

The new rules are expected to be approved by the Payments NZ board at its March meeting.

Payments NZ was established in 2010, with support from the Reserve Bank. Its mandate is to preserve the integrity of the payment systems and maintain New Zealand’s self-regulation status.

It’s understood the new rules are very detailed and run to more than 100 pages. They are expected to come into force around mid year.

Computerworld NZ understands the solution has been put together by service manager TSM.

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Tags payments nzbanking technologyReserve Bankmobile bankingTSM

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