Scoop has an Ethical Paywall
NZ Commerce Commission announcement
NZ Commerce Commission announcement
Visa to defend the fundamentals of its payments system
Auckland, 10 November 2006 – Visa International’s Executive Vice President for Australia and New Zealand, Mr. Bruce Mansfield, said Visa would be defending its position following today’s announcement by the Commerce Commission.
Mr Mansfield said Visa International’s payment system delivers benefits to over a billion card holders worldwide, including close to two million in New Zealand, and its fundamentals would be defended.
“The Visa system has been operating successfully for over 30 years and has brought enormous economic and social benefits to consumers and merchants in all corners of the world.
“The move by the Commerce Commission is serious and disappointing. We will defend the system that continues to deliver major benefits to all New Zealanders,” Mr. Mansfield said
ends
Bill Bennett: Spark looks to bigger phone bundles for ARPU refresh
Greenpeace: New Anchor Butter Owner Must Go Palm Kernel-free
Science Media Centre: What To Expect From COP29 – Expert Reaction
Infrastructure New Zealand: Unlocking ‘Lazy’ Capital To Build New Infrastructure For Our Future
Parrot Analytics: Paramount Earnings - Can Ellison Strike The Right Balance?
NZ Trade and Enterprise: NZ Businesses Deliver $340 Million Trade Boost For New Zealand In China
