What is the need / problem ?
New Zealand was one of the first countries in the world to introduce internet banking. It is fast - account to account with in the same bank is immediate and bank to bank is only a couple of hours. It is free -banks dont charge transaction fees on internet banking. The only possible downside is the need to leave an e-commerce site to login to one’s online banking, retyping the references again
Polipay can be integrated with the s-commerce site thus removing the need to leave the site to pay.
Pricing - For customers it’s free and using POLi will save you money on fees. Unlike credit cards or debit cards - POLi is free to use for customers. Simply follow the prompts when you go to pay for goods and services online. Easy!
Merchant Pricing
- 1% of the payment value, capped at $3.00 per transaction
- No set up fees
A $10/month minimum account activity fee applies. This means your monthly invoice will be either the sum of your POLi transaction fees for that month, or $10.00, whichever is greater.
Who does it impact ?
Advantages for all NZ and AUS customers and admins
What is the current impact of the problem ?
No problem, just a feature request
What is the benefit of focusing on this ?
Adds an extra cheap payment method to OFN-NZ and OFN-AUS
Potential solutions that will solve the problem ?
n/a
Selection of a feature candidate
[value x ease matric if needed]
T-shirt size of our selected feature candidate
Metrics to measure if need is satisfied after feature is implemented
Feature owners
Epic/project where you can follow implementation
Connected wishlist and discovery discussions*
[list precedent discussions]