Electronic funds transfer at point of sale is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located at points of sale. EFTPOS technology was developed during the 1980s. In Australia and New Zealand, it is also the brand name of a specific system used for such payments; these systems are mainly country-specific and do not interconnect. In Singapore, it is known as NETS.
The economy of New Zealand is a highly developed free-market economy. It is the 50th-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP). New Zealand has a large GDP for its population of 5 million, and sources of revenue are spread throughout the large island nation. The country has one of the most globalised economies and depends greatly on international trade, mainly with Australia, Canada, China, the European Union, Japan, Singapore, South Korea, and the United States. New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia.
Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and PricewaterhouseCoopers, it is considered one of the Big Four accounting firms. It primarily provides assurance, tax, consulting and advisory services to its clients. Like many of the larger accounting firms in recent years, EY has expanded into markets adjacent to accounting, including strategy, operations, HR, technology, and financial services consulting.
Kiwibank Limited is a New Zealand state-owned bank and financial services provider with approximately 4% of market share in terms of assets. Kiwibank is owned by the New Zealand Government and provides some of its banking services through its PostShops and more recently through financial services only branches as well. The company's Board of Directors was chaired by former New Zealand Prime Minister Jim Bolger from 2001–2010. The current Chair of the Board of Directors is Jon Hartley.
Statistics New Zealand, branded as Stats NZ, is the public service department of New Zealand charged with the collection of statistics related to the economy, population and society of New Zealand. To this end, Stats NZ produces censuses and surveys.
Tourism in New Zealand comprised an important sector of the national economy – tourism directly contributed NZ$16.2 billion of the country's GDP in the year ended March 2019. As of 2016 tourism supported 188,000 full-time-equivalent jobs. The flow-on effects of tourism indirectly contributed a further 4.3% of GDP. Despite the country's geographical isolation, spending by international tourists accounted for 17.1% of New Zealand's export earnings. International and domestic tourism contributed, in total, NZ$34 billion to New Zealand's economy every year as of 2017.
Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professionals in the world and is considered one of the Big Four accounting firms along with EY, KPMG and PricewaterhouseCoopers.
QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1983, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
MYOB is an Australian multinational corporation that provides tax, accounting and other business services software to small and medium businesses. It is owned by American private equity KKR.
The New Zealand Institute of Chartered Accountants (NZICA) was the operating name for the Institute of Chartered Accountants of New Zealand. The Institute represented over 33,000 members in New Zealand and overseas. Most accountants in New Zealand belonged to the institute.
The KiwiSaver scheme, a New Zealand savings scheme, came into operation from Monday, 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them in certain limited circumstances, for example if undergoing significant financial hardship or to use a deposit for a first home.
Katrina May Shanks is a former New Zealand politician who was a list member of parliament for the National Party from 2007 to 2014.
Stuff is a New Zealand news media website owned by newspaper conglomerate Stuff Ltd. It is the most popular news website in New Zealand, with a monthly unique audience of more than 2 million.
Xero is a New Zealand-based technology company, specialising in cloud-based accounting software for small and medium-sized businesses. The company has several offices in New Zealand, Australia, the United Kingdom, and the United States. Xero's products are based on the software as a service (SaaS) model and sold by subscription, based on the type and number of entities managed by the subscriber.
Datacom Group Limited is an Information Technology services company, offering management and consulting, cloud services, ITO, data centre services, custom software development, and payroll services. The company was started in New Zealand in 1965, but has expanded to operate in Australia, Malaysia, the Philippines, the United States and the United Kingdom, employing 6,500 people across 23 offices globally. Datacom is the largest technology company in New Zealand.
Heartland Bank is a New Zealand owned bank that was created in 2011 through the merging of four financial organisations. Heartland was granted its bank registration by the Reserve Bank of New Zealand in 2012. It specialises in motor vehicle loans, reverse mortgages, small business finance, livestock finance, savings, investments and deposits.
Greentree is an ERP business software company based in Australia and New Zealand. The MYOB Greentree product is made for medium-sized organisations and distributed through a partner model.
Kounta is an Australian software company founded in 2012. The company's flagship product, Kounta, comprises a cloud based point of sale mobile app.
BDO or Binder Dijker Otte is an international network of public accounting, tax, consulting and business advisory firms which provide professional services under the name of BDO. BDO is the fifth largest accounting network globally.
Partners Life is a New Zealand-based insurance company which provides life and health insurance. As of 2019 it had an annual revenue of $247.5 million NZD. On August 12, 2022, global life insurance specialist Dai-ichi Life Holdings, Inc announced its acquisition of 100% of the shares in Partners Group Holdings Limited, the parent company of Partners Life Limited, subject to regulators approval.
