Fees-for-no-service compo blows out to $850 million 08 August 2018 5:01PM The 'fees for no service' scandal that crippled AMP's public standing in April is poised to hack deeper into the reputations of other financial services providers after ASIC revealed that the compensa.. read more
Interchange ban would wipe $2 billion from banks' revenue lines 07 August 2018 4:56PM Global credit card schemes yesterday refused to comment on the Productivity Commission's radical proposals to overhaul the payments market, including the plan to abolish interchange fees on credit car.. read more
AFG agitates against trail commission ban 07 August 2018 4:54PM The mortgage broking industry has wasted little time pushing back against the Productivity Commission's proposed ban on trail commissions. read more
Tap 'n Go cuts into Cardtronics' profit 07 August 2018 4:50PM The rise of contactless and mobile payments services is continuing to erode the profitability of the world's largest ATM operator, Cardtronics. read more
Interchange interred by 2019 04 August 2018 1:51AM In a double whammy for the big banks that dominate the payments cards space, all card interchange fees will be abolished by the end of next year, while merchant fees may also be capped. read more
New website to test banks on merchant fees 02 August 2018 5:23PM A well-credentialled Australian payments consultancy is preparing to enter the comparison shopping field, with the launch of a pricing website aimed at online and point-of-sale merchants. read more
Genworth diversifies to counter LMI slide 02 August 2018 5:20PM The regulatory crackdown on home lending continues to erode the business performance of Genworth, with the company unveiling a sharp slide in first half earnings. read more
Small business concerns plague new banking code 01 August 2018 4:49PM Small business advocates are vowing to monitor how the major banks apply a new industry code of practice after it received conditional regulatory approval on Tuesday. read more
ME and HSBC claim market share from majors 01 August 2018 4:47PM ME Bank and HSBC Australia were the fastest growing retail deposit takers in the 12 months to the end of June, according to end-of-financial year data published by the Australian Prudential Regulation.. read more
Big ATM cull looms as banks pursue fleet integration 31 July 2018 4:25PM The four major banks are reviewing the future of their standalone proprietary ATM fleets after entering talks to establish a shared service network across Australia. read more