Briefs: NAB Transact not transacting, low business demand for credit

Banking Day staff
  • National Australia Bank's e-commerce platform, NAB Transact, has been playing up for the past few weeks, with the bank acknowledging slow performance and a series of log-in issues and time-outs. Fairfax Media reports that business customers have taken to social media, complaining of lost sales and poor communication from the bank.
  • Only one-fifth of businesses are on the hunt for finance or new credit in the quarter ahead, Dun & Bradstreet's latest Business Expectations survey shows. D&B said 21 per cent of businesses were seeking credit, up two percentage points over a quarter. Seventy three per cent said they would not seek any credit.