Paymark

• George Lekakis

Worldpay, the global online payments processor, is eyeing a large slice of the Australasian merchant acquiring market after announcing an expansion of its operations in Australia and New Zealand. read more

• George Lekakis

In a double whammy for the big banks that dominate the payments cards space, all card interchange fees will be abolished by the end of next year, while merchant fees may also be capped. read more

• Banking Day staff

Ingenico Group late last week confirmed they will be the new owner of Paymark, the dominant payment network in New Zealand. Ingenico will pay NZ$190 million in total to the four major local banks tha.. read more

• Ian Rogers

Paymark, New Zealand's principal Eftpos network, has engineered a "stay in business" shift of its primary telecom services provider to Transaction Network Services, replacing Spark New Zealand. read more

• Bernard Hickey

A consortium of two of New Zealand's biggest banks, its three mobile phone companies and the country's main payments network has suspended its digital wallet service aimed at Android users. read more

MasterCard and Visa probably won't be entertaining lengthy thoughts of an appeal over the Federal Court's decision on Friday to dismiss the application by the card schemes to overturn the Reserve Bank.. read more