Commonwealth Bank's ASB has launched a three-year unsecured floating-rate note issue to raise at least NZ$100 million at an indicative margin of 65 basis points over the 90-day bank bill rate. New Zealand's longer term wholesale debt market re-opened for the year in July, and borrowing costs have been falling since then. The last three-year issue by a New Zealand bank, Westpac NZ, was in July and set at a margin of 75 basis points. ASB is the sole lead manager of the deal. Mastercard has appointed Mastercard's Melbourne office head Peter Chisnall to be its country manager in New Zealand. Chisnall, a New Zealander, joined Mastercard in 2012 and has 20 years' experience in the energy and financial services sectors. He replaced Albert Naffah, who left in September to become CBA's chief operating officer for the Americas. Victoria Police has launched a campaign against contactless payment cards, saying they increase crime risk. The Herald Sun reports that Victoria Police have noted an increase in crimes such as car break-ins and handbag snatching as criminal try and get their hands on contactless cards. Industry representatives said the fraud rateson contactless cards were low.