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

 


NZForex sign up for RealMe online identification

NZForex sign up for RealMe online identification

New customers no longer need to physically present identification documents

24 July, 2014 - It's even easier to sign up and transfer money internationally after a new agreement between international payments specialist NZForex and RealMe, to use its online identification service.

NZForex, a wholly owned subsidiary of the ASX listed OzForex Group Ltd (ASX: OFX), helps thousands of New Zealanders transfer money every year. Now through RealMe, a New Zealand government and New Zealand Post initiative, new customers can avoid having to go through physical idenfication processes when signing up to send money overseas.

OzForex Group Ltd CEO Neil Helm says the new secure service is important to the business because it provides New Zealand customers with greater convenience by simplifying the sign up process.

“We believe our customers will welcome the additional convenience. For customer with a RealMe identity they no longer have to fax or scan identity verification documents to sign up for the service.”

“By streamlining the on boarding process further it improves our efficiency, reduces administrative costs and minimises risk from the transaction process.”

Having won the Australian Growth Company of the Year Award in October 2013, the OzForex Group continues to grow rapidly. During the 2014 financial year it increased turnover by 49% to almost NZ$15 billion in transactions from a total of 581,000 international money transfers.

New Zealand Post Head of Agency Services Mandy Smith says they’re particularly pleased that a company acknowledged for innovation has recognised the benefits of RealMe.

“Big banks and financial service companies have been the early adopters of RealMe. We’re also now receiving enquiries from a wide range of other sectors keen to benefit from the risk reduction and business process improvements RealMe provides, while giving a greater digital customer experience to their customers.”

Mandy Smith says NZForex is also the first to sign-up for the new Datacom hosted integration to the RealMe service. This solution meant that NZForex could get to market quickly with minimal effort and investment on their side.

“We are delighted to have provided Datacom’s latest SaaS offering, the Cloud Identity Integrator to NZForex. What is most exciting about this gateway solution to RealMe is that it provides a unique method to rapidly access the full suite of RealMe services simply, quickly with zero capital expense,” says Datacom Director, Alastair Turrell.

Richard Foy, head of Digital Transformation at the Department of Internal Affairs says “it’s fantastic NZForex is taking this innovative step for their customers. We know having a verified identity makes life much easier for consumers.”

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Drones: First Certificate Issued Under New UAV Rules

Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say the first certified flight of an unmanned helicopter under new aviation rules is a great example of how they can enable commercial use. More>>

ALSO:

GE Swedes And Cow Deaths: Plant Analysis Backs Up Earlier Advice

The industry body is recommending that farmers do not feed Herbicide Tolerant (HT) swedes to cows in spring when the animals are in late pregnancy or early lactation. DairyNZ is also advising caution if farmers are considering other leafy varieties. More>>

ALSO:

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news