ASB, BNZ & National Banks Endorse Paymark

MEDIA RELEASE
22 November 2001

ASB Bank Endorses Paymark

Statement made by Clayton Wakefield, ASB Group General Manager Technology, Operations and Property

ASB BANK fully supports the new nationwide Paymark initiative, a benchmark we believe the industry has needed for some time.

As leaders in online financial services in New Zealand, ASB BANK views Paymark as a step in the right direction, offering New Zealand consumers certainty, security, and reliability when making electronic transactions.

The use of one mark across multiple electronic payment channels will allow a level of assurance not yet seen by New Zealand consumers.

Paymark will provide assurance for our customers who use EFTPOS, the internet and emerging technologies to make financial transactions, whether it be at an ASB BANK owned site or another site displaying Paymark, our customers will experience the same level of security for every transaction.

The introduction of Paymark is a positive step for the industry and certainly a good one for consumers.

ENDS

Media Release
29th November 2001

Bank Of New Zealand Endorses Paymark

Bank of New Zealand fully supports the new nationwide Paymark initiative that will provide consumers with a level of assurance not yet seen in New Zealand.

Bank of New Zealand customers can look forward to an even greater sense of security and reliability when making electronic transactions wherever they see the Paymark sign.

“Bank of New Zealand provides financial services across multi-channels so the versatility of Paymark ensures our customers will have a recognisable mark of security right across these channels,” said Trevor Burgess, Bank of New Zealand, General Manager Payments.

“We are constantly developing convenient ways to provide financial services for our customers—to know that we can launch new technology with a trusted mark – the Paymark symbol - on it is another benefit we can pass on to our customers.”

For the industry, it means a benchmark and a commitment to strong standards, for consumers it will mean more reliability, a stronger sense of security and assurance that electronic transactions are as secure as possible.

Ends.

Media Release 29 November 2001

The National Bank Endorses Paymark

Statement made by Cynthia Brophy, Head of Corporate Affairs,
The National Bank

The National Bank’s Head of Corporate Affairs, Cynthia Brophy said 'This initiative is seen by The National Bank as a definitive and forward thinking strategy in the Electronic Payment environment. The mark means the processing system being used has been stringently tested and certified. When consumers see this mark, they can have continued confidence that their transactions will be processed safely, securely and reliably in a flexible and adaptable environment.'

ENDS

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