The Department of Social Services paid Indue Limited A$8.9 million for its role supplying the banking facilities for the Cashless Debit Card Trial. The Australian National Audit Office concluded that although the DSS "… largely established appropriate arrangements to implement the Cashless Debit Card Trial, its approach to monitoring and evaluation was inadequate. … As a consequence, it is difficult to conclude whether there had been a reduction in social harm and whether the card was a lower cost welfare quarantining approach," the ANAO found. Deputy chairman of the Australian Securities and Investments Commission, Peter Kell, said that after many years of sweeping the records of their poor advisers under the carpet, the under-fire wealth industry is starting to share more information with the regulator, the AFR reports. Kell said the royal commission spotlight had led to a "lot of soul searching going on within the financial advice industry" and the sector's push to introduce new professionalism standards would be crucial to restoring trust with consumers. Debenture holders In Provident Capital may receive 21 cents in the dollar, once two final matters are resolved, receivers PPB Advisory reported last week. Australian Executor Trustees has final claim under negotiation, while a drawn out sale process for one remaining security property on the Gold Coast may be finalised by the end of the year. Debenture holders have so far received 18 cents in the dollar and were advised early on by PPB they could expect only 16 cents. Provident Capital collapsed in 2012. National campervan and motorhome rental business Cruisin Motorhomes Pty Ltd has paid a penalty of A$12,600 for an alleged breach of the excessive payment surcharge laws in the Competition and Consumer Act 2010. The ACCC issued an infringement notice, alleging that in January 2018 Cruisin Motorhomes charged Visa and MasterCard customers a 2 per cent surcharge, above its cost of processing payments, which ranged from 0.41 to 1.48 per cent. The ban on excessive surcharging for card payments came into effect for all businesses on 1 September 2017. Over the weekend, New Zealand Firefighters Credit Union became the first industry-based credit union in New Zealand to successfully migrate to a tier one core banking platform, Oracle Flexcube. Co-op Money NZ (the trading name for the New Zealand Association of Credit Unions), has successfully delivered this core banking platform to four NZ credit unions in less than a year, and intends rolling it out to another five credit unions and themselves before the end of the year. American Express has upgraded its platinum charge cards for consumers and businesses, promising to deliver a value of at least 2.5 times the card fee in benefits, experiences and services - primarily travel related - "when used to their full potential", and a host of other features "which would be impossible to place a price tag on", according to its marketing collateral. The new annual fees are A$1450 (increased from $1,200) for the AMEX Platinum Card and $1750