Payments and financial technology | Buddle Findlay

Overview

We are New Zealand's leading payments team with over 30 years combined payments experience.

Our payments team act for many of the major banks operating in New Zealand, a number of non-bank financial institutions, the Crown, Payments NZ, credit card companies, payment switches, crypto-currency operators and entrepreneurs developing payment applications. We regularly advise on payment systems, mobile payments, crypto-currencies, domestic debit, credit card interchange, payment gateways, merchant acquiring arrangements (global and domestic) and prudential regulation.

Whether you are an issuer, acquirer, card scheme, customer looking for more effective ways to pay, a merchant, clearing and settlement bank, agency bank, payments switch, ATM provider, payment standard body or regulator - you can have confidence that our payments team understands payments and can provide you with more than just legal advice.

Market recognition

"A unique presence amongst private practice lawyers with unparalleled insights into the detail of how bank's operate and fund themselves." - IFLR1000

Experience

Sector/Expertise

Work highlights

Acting for the Ministry of Business, Innovation and Employment's Banking Centre of Expertise

in respect of the All of Government Crown Banking tender process, contract award and negotiation in respect of transactional banking, foreign exchange and payment and card services

Assisting the Reserve Bank of New Zealand

on its prudential regulation review, including as a member of the Reserve Bank of New Zealand's Expert Panel for the Stocktake of Prudential Regulation

Acting for Bank of India and Industrial and Commercial Bank of China

on obtaining registered bank status and establishment of operations including access to payment systems both directly and through agency arrangements in New Zealand

Advising Payments NZ

on the development of mobile payments rules for the New Zealand market

Advising Kiwibank

on its credit card alliances with Air New Zealand and BNZ on its One Smart card with Air New Zealand

Advising a card scheme

on the New Zealand law implications of implementing tokenisation to implement mobile payments and online payments

Advising on card scheme obligations and compliance

including in respect of acquiring, issuing and management of potential breaches

Advising a global technology company

on the New Zealand law implications of several of its product offerings, including payment methods used in the New Zealand market

Advising a financial institution

on its company group restructure, in order to maximise the use of capital in accordance with Reserve Bank of New Zealand policies

Advising financial institutions

on outsourcing arrangements, including cash management, ICT and telecommunications and data centres and financial and payment products and channels, including online banking, merchant acquiring solutions and foreign exchange arrangements

Advising a major financial institution

on its merchant acquiring agreements and payment gateway merchant product offerings, including implementing introducer and aggregator business models

Advising a range of entities from start ups to established financial institutions

on the regulation of their businesses and existing and future products

Acting for various financial institutions

in respect of insurance arrangements, including regulation, white labelling of products and the sale and purchase of insurance businesses

Our team