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

 


Cooperative Business Approach Delivers Again

13 May 2014
FOR IMMEDIATE RELEASE

Cooperative Business Approach Delivers Again

The real life application of a cooperative business model is helping New Zealand’s credit unions keep up with, and even be ahead of the pack, in what is a sophisticated and very competitive financial services market.

By working together, the locally owned credit unions and building societies that form the membership of the New Zealand Association of Credit Unions (NZACU), are proving the value of this growing business trend and this week launch their new mobile banking app AccessMobile, which is one of the first to be available on Apple iPad, as well as iPhone and Android phones and tablets.

“Creating a mobile app is an expensive business” said NZACU Chief Information Officer, Deane Johns. “However, by creating scale and working cooperatively, we’ve rolled out a new state of the art mobile banking app to our Member credit unions with 11 different brand ‘skins’, enabling them to deliver a personalised product to their customers who are owners of their cooperative credit union.”
The industry leading, AccessMobile app is fully functional and even allows the user to set up automatic payments.

“Unlike many on the market, it also has specific modes for mobile versus tablet so that it maximises the screen real estate for each device, and isn’t just a scaled up version on the larger screens” said Mr Johns.

The further illustration of partnerships was demonstrated with speed to market, assisted by NZACU’s joint venture partner Finzsoft Solutions.
The release of the Mobile Banking App comes on the heels of NZACU’s launch last year of a collective Anti-Money Laundering (AML) solution for its Members, and a MasterCard® AccessDebit card, one of the first debit cards in the New Zealand market to feature the convenient ‘Tap & Go’ functionality.

NZACU Chief Executive, Henry Lynch, says that this kind of cooperative business fits naturally with the credit union ethos of ‘people helping people’, and is at the core origins of where credit unions began.

“In today’s highly regulated and technically sophisticated banking industry, keeping at the forefront is challenging even for the big guys who are all competing against each other” said Mr Lynch. “By banding together, our Members are creating cooperative buying power that allows all credit unions to punch well above their weight in terms of their market offering”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news