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ComCom applies more limits on Visa, Mastercard interchange fees

ComCom applies more limits on Visa, Mastercard interchange fees

Finance
2 mins to read
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ComCom applies more limits on Visa, Mastercard interchange fees
But regulator has decided not to regulate the fees for commercial credit card or prepaid debit card payments at this time.
Visa and Mastercard fees are being limited.

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NZers are not getting a 'raw deal' on butter, says Nicola Willis
NZers are not getting a 'raw deal' on butter, says Nicola Willis

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NZers are not getting a 'raw deal' on butter, says Nicola Willis

The Finance Minister does not believe New Zealanders are getting a "raw deal" on butter, but has accepted there is no getting away from how expensive it is right now. Nicola Willis met with Fonterra's chief executive Miles Hurrell at Parliament on Tuesday evening. While the two meet regularly, there was increased interest in the meeting due to the current price of butter. Willis had earlier said it was something she would discuss with Hurrell. Finance Minister Nicola Willis says the price of butter will be discussed at her meeting with the giant co-op. (Source: 1News) Characterising the meeting as "constructive and engaging," Willis said Hurrell was candid about the way butter was priced in New Zealand. ADVERTISEMENT Her summary of her meeting with Fonterra largely zeroed in on her drive to increase supermarket competition. The large proportion of what people pay for butter is dictated by global demand, which is something the government could not control. "Were that price to come down, you would expect that to be reflected in the prices that New Zealand shoppers pay," Willis said. Hurrell had told her that butter had once been the hardest product for Fonterra to sell globally, but the increasing demand was due to reporting on its health benefits. "It was once viewed as a bogeyman," she said. The meeting had reinforced Willis' interest in increasing supermarket competition to put downward pressure on the price of butter. "All roads lead back to supermarket competition. I continue to believe that is the most powerful lever that the government has on this issue. We will never be able to control global dairy prices. What we can influence is the amount of competition in New Zealand's grocery sector and we have a lot of work underway to address that." ADVERTISEMENT Fonterra had also observed the supermarket competition. Finance Minister Nicola Willis does not believe New Zealanders are getting a "raw deal" on butter. (Source: "Miles specifically conveyed that Fonterra operates in a number of markets around the world, most of which have a more competitive supermarket sector, and that it does feel different in New Zealand." She would leave it to supermarkets and Fonterra to argue who was charging what margin. "The sense that I got from my engagement with Miles is that it's a constant battle between them. Each party are probably going to point fingers at the other." Hurrell would not answer questions when RNZ approached him outside Parliament on Tuesday night, but a Fonterra spokesperson said the meeting was "constructive". Willis said she had encouraged Hurrell to front, in particular to explain what proportion of the margins go to Fonterra and what goes to supermarkets. ADVERTISEMENT Acknowledging that Fonterra's job was to get the best possible price for its shareholders, Willis also accepted New Zealanders saw the downsides of that when they were shopping. "I've been satisfied that I don't think consumers are getting a raw deal. I think that there is good work going on to ensure that there is pressure and competition from Fonterra to try and keep its prices low. But I get it. Butter is expensive right now. There's no getting away from that."

Alcatel-Lucent Enterprise unveils OmniVista Terra for secure networks
Alcatel-Lucent Enterprise unveils OmniVista Terra for secure networks

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Alcatel-Lucent Enterprise unveils OmniVista Terra for secure networks

Alcatel-Lucent Enterprise has unveiled OmniVista Terra, its new on-premises network management system designed to provide organisations with advanced control over their network infrastructure within a local deployment. OmniVista Terra is developed to support enterprises in sectors with strict regulatory requirements for local data hosting and control, such as transportation, energy and utilities, healthcare, and defence. The system complements Alcatel-Lucent Enterprise's existing cloud-based solution, OmniVista Cirrus, by offering identical advanced features in an environment that can be hosted on-premises. AI-driven operations The new management system utilises artificial intelligence to streamline routine network management activities, aiming to improve the efficiency and responsiveness of IT teams. One of the highlighted features is an AI-chatbot interface that lets network administrators interact with the system using natural language, which provides real-time responses for network queries, configuration assistance, and troubleshooting. Additionally, OmniVista Terra is integrated with the AIOps tool, OmniVista Network Advisor, which enhances incident management. This integration enables the identification of root causes in incidents and supports efficient mitigation processes across the network estate, contributing to faster issue resolution. Enhanced network visibility According to the company, OmniVista Terra provides in-depth analytics on network performance, user behaviour, and device status, offering IT teams the data required to identify and address network issues efficiently. Its observability features include real-time monitoring, quality of experience data, and historical analysis, which simplify the diagnostic process and support long-term planning. The system also integrates with security and private 5G wireless platforms, such as Versa and Celona, to facilitate unified network control. This approach allows administrators to manage the entire network infrastructure - including devices, wireless access points, and private cellular components - within a single management framework. Centralised management OmniVista Terra, together with OmniVista Cirrus, forms a unified management suite for Alcatel-Lucent Enterprise's portfolio, encompassing switches, wireless access points, IoT devices, Celona Private 5G, and Versa's SD-WAN and SASE solutions. The suite is intended to deliver consistent policy enforcement and centralised management for organisations with diverse networking needs. The company notes that the local deployment model of OmniVista Terra suits government bodies and highly regulated industries that require full in-house control over data and infrastructure. This flexibility allows organisations to choose between cloud-based, on-premises, or hybrid deployment scenarios. "ALE OmniVista platform is the cornerstone of our strategy to unify, simplify and automate the AI powered operations of the entire infrastructure. OmniVista Terra extends the benefit of unmatched network visibility, control and security to on-premises deployment" said Stephan Robineau, EVP of the Network Business Division at Alcatel-Lucent Enterprise. Alcatel-Lucent Enterprise states that OmniVista Terra is designed with security as a core feature, with the aim of meeting data protection requirements at both national and international levels, and minimising environmental impact. The company's broader strategy includes a focus on environment sustainability, social responsibility, and corporate governance. Its solutions are presented as addressing the operational needs of organisations while aligning with regulatory and industry requirements in each market sector it serves. Alcatel-Lucent Enterprise's network management offerings are available globally through a network of business partners, with headquarters in France and a stated presence in markets worldwide.

Alcatel-Lucent unveils OmniVista Terra for secure networks
Alcatel-Lucent unveils OmniVista Terra for secure networks

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Alcatel-Lucent unveils OmniVista Terra for secure networks

Alcatel-Lucent Enterprise has unveiled OmniVista Terra, its new on-premises network management system designed to provide organisations with advanced control over their network infrastructure within a local deployment. OmniVista Terra is developed to support enterprises in sectors with strict regulatory requirements for local data hosting and control, such as transportation, energy and utilities, healthcare, and defence. The system complements Alcatel-Lucent Enterprise's existing cloud-based solution, OmniVista Cirrus, by offering identical advanced features in an environment that can be hosted on-premises. AI-driven operations The new management system utilises artificial intelligence to streamline routine network management activities, aiming to improve the efficiency and responsiveness of IT teams. One of the highlighted features is an AI-chatbot interface that lets network administrators interact with the system using natural language, which provides real-time responses for network queries, configuration assistance, and troubleshooting. Additionally, OmniVista Terra is integrated with the AIOps tool, OmniVista Network Advisor, which enhances incident management. This integration enables the identification of root causes in incidents and supports efficient mitigation processes across the network estate, contributing to faster issue resolution. Enhanced network visibility According to the company, OmniVista Terra provides in-depth analytics on network performance, user behaviour, and device status, offering IT teams the data required to identify and address network issues efficiently. Its observability features include real-time monitoring, quality of experience data, and historical analysis, which simplify the diagnostic process and support long-term planning. The system also integrates with security and private 5G wireless platforms, such as Versa and Celona, to facilitate unified network control. This approach allows administrators to manage the entire network infrastructure - including devices, wireless access points, and private cellular components - within a single management framework. Centralised management OmniVista Terra, together with OmniVista Cirrus, forms a unified management suite for ALE's portfolio, encompassing switches, wireless access points, IoT devices, Celona Private 5G, and Versa's SD-WAN and SASE solutions. The suite is intended to deliver consistent policy enforcement and centralised management for organisations with diverse networking needs. The company notes that the local deployment model of OmniVista Terra suits government bodies and highly regulated industries that require full in-house control over data and infrastructure. This flexibility allows organisations to choose between cloud-based, on-premises, or hybrid deployment scenarios. "ALE OmniVista platform is the cornerstone of our strategy to unify, simplify and automate the AI powered operations of the entire infrastructure. OmniVista Terra extends the benefit of unmatched network visibility, control and security to on-premises deployment" said Stephan Robineau, EVP of the Network Business Division at Alcatel-Lucent Enterprise. Alcatel-Lucent Enterprise states that OmniVista Terra is designed with security as a core feature, with the aim of meeting data protection requirements at both national and international levels, and minimising environmental impact. The company's broader strategy includes a focus on environment sustainability, social responsibility, and corporate governance. Its solutions are presented as addressing the operational needs of organisations while aligning with regulatory and industry requirements in each market sector it serves. Alcatel-Lucent Enterprise's network management offerings are available globally through a network of business partners, with headquarters in France and a stated presence in markets worldwide.

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