A Brisbane mortgage and finance broker, Pump Financial, has had its credit licence cancelled after it was found it did not have membership of an approved external dispute resolution service. Pump was granted a credit licence in January 2011. At the time it was a member of the Credit Ombudsman Service but failed to renew its membership in January this year. Under the National Consumer Credit Protection Act, credit licensees are required to be members of an EDR scheme. Banking software supplier Rubik Financial announced yesterday that it had completed its purchase of COIN Software Pty Ltd from Macquarie Group. The acquisition extends Rubik's software capabilities in the wealth management market.