Tag: New Zealand Post

New Zealand Post launches another card first

Posted by | Mar 26, 2008 | |

From Thursday 6 March 2008 New Zealand Post and Visa International will be launching “Loaded”, the country’s first general-purpose reloadable prepaid Visa card.

The card offers a new payment option to consumers looking for the functionality and acceptance of a credit card along with the sensible spending habits offered by prepaid. It works in the same way as a prepaid mobile phone – you load funds on the card before you spend.

Loaded is easy to get. It isn’t attached to a bank account and anyone over the age of 13 is able to apply for a card.

Terese Tunnicliffe, New Zealand Post’s Payment Services General Manager says “we believe Loaded will appeal to a broad range of people because of the freedom and control it offers over other card types”.

“Loaded is the ideal card for people who are either too young or don’t qualify for a credit card or those people who want added control over their spending. It not only makes online shopping more accessible for New Zealanders but will appeal to those who want to shop online securely and within their means”.

“Knowing the card will have a widespread appeal, we’ve made Loaded as flexible and user-friendly as possible, but at the same time we have also taken a responsible approach and included several safeguards” says Ms Tunnicliffe.

One such safeguard is based on age. When a customer applies for a card, their age will determine whether they receive an over 18 account or an under 18 account. The under 18 card can not be used at bottle shops, bars or to purchase adult orientated services. A customer who is 18 or over can also elect to have an under 18 account if they want the restrictions built into the under 18 card account to apply to their card (e.g. if they want a second card for a teenage relative to use).

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KiwiBank Boosts Post Group Half Year Result

Posted by | Mar 25, 2008 | |

The New Zealand Post Group performed well in the six months to 31 December 2007, and has reported a net profit after tax of $52.9 million, says Group Chief Executive John Allen. “Taking account of new International Financial Reporting Standards, we have made a $4.5 million improvement – an increase of over nine per cent on the previous half year result. ”

Our result shows the benefits of our diversification strategy, with positive performances by Datamail, Postal Services and Express Couriers. Kiwibank contributed $22.7 million to our half year result.

“The past period has been exciting for us. The local government elections showed the power of the New Zealand Post Group at producing and delivering mail items. Our Value of Mail campaign has tugged at the nation’s heartstrings and reinforces the power of mail as a communications tool. We’ve also opened two new sustainably designed mail centres in Auckland and Christchurch.

“Over the period, Kiwibank has continued to grow. It’s seen a 55 per cent increase in lending, and a 30 per cent increase in retail deposits. It’s also won two awards for its new mobile banking service, and the Marsh Most Improved Performance award in the Deloitte Top 200 awards”.

John Allen says that, overall, he’s pleased with the performance of the Group, given that all parts of the business operate in highly competitive markets. “Typically, we record our strongest performance in the first six months of the year. I expect that this trend will continue and that the six months ahead will be challenging, although our diversification strategy positions us well.”

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New parcel services meet booming online demand in New Zealand

Posted by | Mar 20, 2008 | |

Significant growth in parcels due to online trading has sparked new parcel services says New Zealand Post.

Parcels marketing manager Mike Stewart said New Zealand Post’s research found that online traders had particular needs from a parcel service.

These requirements have been incorporated into the new ParcelPostTM range, which starts on 28 March, he said.

“We found there was a real gap in the market for an economic alternative to couriers,” said Mr Stewart.

“E-traders want to know their parcels have been delivered, but they don’t necessarily want to pay a fortune for overnight delivery.

“We’re introducing a tracked parcel service that gives e-traders proof of delivery – but at a cheaper price than courier alternatives.”

A tracked parcel has a barcode on it that’s scanned at various points along its journey. Progress is updated online so that senders will know the time and date when their parcel has been delivered to the door.

The new ParcelPostTM Tracked service takes between 1 and 3 days for delivery with prices starting from $4.00.

Mr Stewart says that easy pricing is another high priority for online traders.
“The ParcelPostTM range has a simple nationwide pricing structure and the pre-paid bags have the pricing printed on them. You know exactly what you’ll pay – and there are no extra charges.”

Mr Stewart said online buyers would also benefit from Post’s new PO Box Priority parcel service, which is delivered overnight for a Standard Post price.

“We’re seen growth in the under 3kg parcels in particular – mainly using FastPost because customers are looking for next-day delivery,” he said.

“The PO Box Priority service also allows you to receive items without revealing your home address, which can be a concern when you’re buying from strangers online.”

Trade Me’s head of commercial Mike O’Donnell said that they were pleased to see the development of new postage solutions for online traders.

“Sending an item to a buyer is often the most time consuming part of an online trade. If the new ParcelPostTM range helps make this easier and more cost efficient for our members, then it has to be a good thing.”

New Zealand’s largest online bookstore, Fishpond, says the new ParcelPostTM Tracked product is exciting for their business.

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Reachmedia – A New Era in Unaddressed Mail

Posted by | Mar 5, 2008 | |

Reachmedia, the new joint venture business between New Zealand Post Limited and Salmat Limited, began operation this week, providing efficient unaddressed mail services throughout New Zealand.

Reachmedia brings together Letterbox Channel and Deltarg Distribution Systems, former subsidiaries of New Zealand Post and Salmat respectively. The two companies are equal shareholders in Reach Media New Zealand Limited, a company formed in late 2007 after the Commerce Commission gave clearance to the joint venture proposal.

Reachmedia Chairman Peter Boyle, of Salmat, says the launch of the new business begins a new era for unaddressed mail services in New Zealand.

“There is huge potential for growth in the use of unaddressed mail for communication with consumers and businesses.” says Mr Boyle. “Reachmedia will work closely with existing clients to improve their return on business goals and objectives. Our experienced staff and the proven expertise in campaign planning inherited by Letterbox Channel and Deltarg will provide the flexibility to ensure the unaddressed mail channel is a simple, and highly effective, tool for our clients.”

Reachmedia Chief Executive Officer Paul Forno says, “We are very excited to launch Reachmedia. We are confident of our ability to grow and we will achieve this by doing things differently to meet evolving market needs. Reachmedia is about constantly challenging the way we operate in the advertising market.”

“Reachmedia’s combined strength and forward-looking approach enables it to offer technology advantages, transport efficiencies and the widest reaching single supplier network in the urban market,” says Mr Forno. “Reachmedia is able to target clients’ sales activity according to consumer preferences, through the company’s leading national and Trans-Tasman consumer research insights.”

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New Zealand Post adopts pricing in proportion

Posted by | Feb 15, 2008 | |

New Zealand Post today announced new pricing for domestic letters and parcels which better reflects the cost of delivering these services.

Mail will be priced in direct proportion to its size and weight from 28 March 2008.

“The vast majorities of letters sent are small or medium and will not change in price. A medium letter sent Standard Post will still cost 50 cents,” said New Zealand Post’s Chief Executive Officer Postal Services Peter Fenton.

Mr Fenton says that size makes a difference to the cost of handling mail.

Mr Fenton said New Zealand Post was known internationally as a low-cost postal service and the new ‘pricing in proportion’ approach would not change this.

“A foolscap envelope (E35 sized, less than 20mm thick and weighing under 500gm) would cost NZD 5.97 to send in Australia and NZD 3.81 Second Class in the UK in New Zealand currency, but is still only NZD 2.00 in New Zealand under pricing in proportion.”

International and bulk mail services are not affected by the changes.

Parcel dimensions and corresponding prices will also change under pricing in proportion in line with the new letter prices. Already purchased existing prepaid bags and parcel tickets will remain valid.

Smaller lighter parcels will go down in price as a result.

A new range of parcels called ParcelPost™ is being introduced to replace the current packet and parcel services. The ParcelPost™ range includes new handy pre-paid bags to make sending smaller items more convenient and provides proof of delivery for an extra fee.

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