Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


NZ Commerce Commission Announcement

NZ Commerce Commission Announcement

Wellington, 10 November 2006 – Cards NZ Limited, the company which operates the Visa franchise in New Zealand, said today that it is disappointed the Commerce Commission has chosen to issue proceedings rather than engage in constructive dialogue as proposed by the company. Chairman, Mr. Bill Wilson QC, said Cards NZ Limited would vigorously defend the proceedings, which the company believes are unjustified.

“Visa has been operating successfully for over 30 years and delivers major benefits to consumers and merchants alike. It is the public’s most-favoured card with 1.8 million Visa cards issued in New Zealand and wide merchant acceptance.”

“Irrespective of these proceedings, Cards NZ Limited is committed to continuing to provide New Zealanders with the quality, innovation and excellence that they have come to expect from Visa.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>