Regulators come under fire in PC inquiry submissions 21 March 2018 5:52PM The role played by regulators in institutionalising the market power of major banks is a recurring theme of the latest published submissions to the Productivity Commission's inquiry into financial ser.. read more
New Beem boss faces up to brand blunder 20 March 2018 6:10PM Commonwealth Bank's Let's Pay subsidiary is progressing the roll out of its Beem mobile payments platform after making a string of senior executive changes to oversee the management of the fledgling b.. read more
Discounter prescribes cheaper merchant fees 20 March 2018 6:04PM Chemist Warehouse will become the first large Australian retailer to adopt least-cost routing on contactless debit card transactions following a successful trial with its acquiring bank, the National.. read more
ING scores regulatory capital coup 20 March 2018 6:02PM ING Australia could potentially embark on an aggressive push to boost its market share in key lending markets after Australia's prudential regulator granted the bank the right to use internal risk mod.. read more
Major banks skirt securitisation boom 15 March 2018 5:47PM The resurgence of Australia's securitisation market looks set to continue for the rest of 2018, largely without further mortgage-backed deals from the major banks. read more
Customer-owned banks accelerate merger activity 14 March 2018 6:12PM Australia's mutual banking sector has entered another frenetic bout of consolidation, with NSW-based Police Bank and Tasmania's Heritage Isle Credit Union the latest players to hatch a merger plan. read more
RBA's Bullock out to dispel NPP access fears 14 March 2018 6:11PM The Reserve Bank has moved to quell fears throughout Australia's burgeoning fintech sector that the country's four major banks will have the power to stymie access to the New Payments Platform. read more
NSW Govt selects high-cost options for contactless pilot 13 March 2018 5:52PM Mystery surrounds why the NSW Government has launched contactless payments for Sydney public transport users without including the cheapest card payments processor in the country - eftpos Australia. read more
Tyro undercuts major banks on contactless fees 13 March 2018 5:51PM Tyro has stolen a march on the major banks in the hotly contested small business payments market after launching the country's first least-cost routing service to merchant customers. read more
Kogan angling to catch some lending action 08 March 2018 6:08PM Australia's fastest-growing online retailer, Kogan.com, is preparing to widen its push into financial services with plans to market mortgages and other lending products to its burgeoning customer base.. read more