And Banking In New Zealand
New Zealand's main credit bureau is Veda
Advantage (previously known as BayCorp Advantage.) They have
a separate site for information on ordering a copy of your Veda
Advantage Credit File.
They were previously related to the BayCorp
Collection Agency, but no longer.
Veda has a marketing division known as Inivio.
Centrix is another credit bureau, established in 2010.
A wholy owned subsidiary of Dun & Brandstreet is Credit Simple,
which offers 1 - 1000 (most between 350 and 800) credit scores. They
have parneners including The Warehouse, Co-op Bank, and Baywide, to
offer financial products based on the individual consumer's credit
Information held by business about individual
consumers is covered by the Privacy Act Of 1993, which is
enforced by The Office Of The Privacy Commissioner.
Banks & Credit Card Issuers In New Zealand
Retail Credit Cards
Non-Bank Finance Companies
Dick Smith Electronics - Offers
financing (through Finance Now) on purchases.
- Cash loans and hire purchase financing.
- Monthly charge card for fuel and other vehicle expenses. Offers
business or personal accounts. Issued by Cardlink.
Point - Various types of loans and financing.
Services Federation is a trade group.
- Provides financing for small business equipment.
Money - Provides personal loans, car loans, mortgages, and
Finance - Hire purchase financing.
(a division of Heartland Bank Limited) -
Finance - Business and personal loans, with online application
Income Property Trust - Issues prepaid cards that can only be
used at their shopping centres.
Medical Finance - New Zealand's only medical financing
NZ Post issues prepaid Visa
cards, which they call the Prezzy
Card (a single-use version) and the Loaded
Card (a reloadable version.)
- Person-to-person money transfers online or via phone text message.
- Another online Person-To-Person payment system.
Week - Hire purchase offers on consumer goods.
Patrol - Free database for business credit reference
is a prepaid, reloadable smart card which can be used on some buses
(e.g. in Wellington), and also a few shops. It is issued by Infratil.
Information New Zealand / TINZ is a credit bureau for
landlords seeking information on prospective tennants.
Turner's Auctions - Offers
financing on car purchases.
The central bank is the Reserve
Bank Of New Zealand.
Office of the Banking Ombudsmen is a non-governmental
organization which oversees banks.
Zealand Bankers' Association (NZBA), Co-op
Money NZ, Retail Credit Association of New Zealand (RCANZ) and the Financial
Services Federation are trade organisations.
Payments NZ sets standards and rules for payments between banks.
Banking And Credit