Briefs: ANZ offers contactless UnionPay, Yellow Brick Road drops Resi brand, eftpos plans to expand

Banking Day staff
  • ANZ has introduced contactless technology to its EFTPOS terminals across Australia and New Zealand to improve the service and security for UnionPay International's five billion worldwide cardholders. UnionPay's QuickPass contactless capability will be available on ANZ EFTOS terminals across Australia, with Myer, Harvey Norman and DreamWorld the first to offer this functionality. ANZ will launch contactless acceptance technology for UnionPay International customers in New Zealand by the end of 2015, and mag-stripe and EMV compliant acceptance will be introduced to ANZ's EFTPOS terminals and ATMs across 11 markets in Asia Pacific from early 2016.

  • Yesterday Yellow Brick Road announced that Resi Mortgage Corp's franchise owners had agreed to operate under the YBR brand, with the changeover starting next week. When YBR acquired mortgage company Resi in July last year it said it would continue as a separate brand. Resi had 40 stores at the time of the sale but yesterday YBR said the re-brand would add 19 stores to its network. YBR said Resi would continue to operate its mortgage origination business, developing product for the network.

  • Payments company eftpos has made two executive appointments to make the most of its national payments infrastructure, the eftpos Hub, launched in September 2014. The firm's managing director, Bruce Mansfield, announced that seasoned product manager and one-time Mastercard executive, Marie Kellett, is the new chief product officer and payments business development executive, while Mark Rayner, who joined eftpos in January, became its new chief commercial officer last month. Rayner spent two years at Virgin Money and 20 years at American Express, where he held management positions in areas such as consumer lending, small business services, product development and business development and strategic alliances.

  • A survey by Morgan McKinley's has found that 93 per cent of professionals working in the Australian financial services sector received a bonus in 2014/15, with 41 per cent saying that their bonus was higher than the year before - including 11 per cent who said it was "significantly higher". The level of satisfaction with bonuses paid was high in asset management (67 per cent) and insurance (60 per cent), while under 40 per cent of those working in broking, retail bank, investment bank and wealth management declared themselves satisfied with their bonus. When considering moving roles, 58 per cent of respondents said entire compensation was the most important factor to consider, whilst 22 per cent considered just the basic salary, and only 6.7 per cent said they had other motivations.