Aotearoa / New Zealand

1651 readers

14 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

For politics , please use [email protected]
Shitposts, circlejerks, memes, and non-NZ topics belong in [email protected]
If you need help using Lemmy.nz, go to [email protected]
NZ regional and special interest communities

Rules:

Don't be a dick

FAQ ~ NZ Community List ~ Join Matrix chatroom

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 1 year ago

MODERATORS

[email protected]

Open banking: How to opt in - and out - of the new payment system (www.rnz.co.nz)

submitted 5 months ago by [email protected] to c/[email protected]

20 comments fedilink hide all child comments

From 30 May, New Zealand's four major banks - ANZ, ASB, BNZ and Westpac - must offer the secure payment service - although some already have it in place.

It allows customers to give a third party (such as an online retailer) permission to connect to their banking information, meaning there is no need to enter credit or debit card details to make a purchase.

Open banking can be used both on retailers' websites and on their mobile app, if they have one

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 5 months ago (1 children)

It is going to be share your data or no insurance.

Damn, these are dark times, just around the corner.

This will crush people. We think Americans have it rough. Just wait.

[–] [email protected] 2 points 5 months ago (1 children)

They'll already insist on whatever information they feel is useful. This just saves them from scanning in your statements.

[–] [email protected] 3 points 5 months ago (1 children)

And working in finance (in UK & Europe), they generally collect and keep as little data as is necessary anyhow - personal data is a pain to safely manage these days, and I'm always keen to be responsible for as little of it as possible.

[–] [email protected] 3 points 5 months ago

You live in Europe. I live in Australia. I don't know about NZ, but it's the wild west here. I don't trust any of these companies.

Insurance bot: Oh look... makingStuffForFun is buying more sugary items this month. And alcohol. Up their insurance.