Visa calm on boycott

Visa New Zealand says it hopes a disagreement with supermarkets over the use of its credit cards can be sorted out.

Visa New Zealand executive officer Martin Penrose said it was hoped the differences could be be "addressed within a commercial framework".

Foodstuffs NZ and Progressive Enterprises, which control more than 90 per cent of New Zealand supermarkets, are threatening to boycott Visa cards as the credit giant tries to raise its fees.

But Mr Penrose pointed to a failed boycott by Pak-n-Save in 2000.