Banco Santander of Spain and Hua Nan Commercial Bank of Taiwan have received authorities to operate as foreign bank branches. This brings the number of licensed foreign bank branches up to 37, up from 28 in 2004. Progress towards the Personal Property Securities Register in Australia is on track. The Attorney-General's Department writes, in a regular newsletter, that "with all expectations of a 30 January 2012 registration commencement time, the final schedule of processes is underway and progressing smoothly toward this target date." EzeATM will extinguish A$600,000 in debt owed to iCash Payments when the former buys the latter's Australian ATM business in January 2012. EzeATM yesterday issued a "notice of meeting of shareholders". The meeting will approve the sale of up to 25 million shares, at 40 cents each, to help fund a takeover that will cost the firm A$16 million.