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ANZ in the money with Telecom New Zealand

ANZ in the money with Telecom New Zealand

(New Zealand) - Telecom Corp of New Zealand has awarded ANZ Banking Group Ltd its NZ$40 million payment collection and processing contract. The four year contract results from Telecom wanting a single solution source for all its payment collections and processing and a somewhat elongated beauty parade that began back in June last year with five transaction banks being invited to tender.

ANZ has sub-let the contract's over-the-counter payment services to New Zealand Post and remittance processing to Telecom New Zealand's IT&T supplier, EDS.
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