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Online mortgage introducer eChoice announced yesterday that its operations have been placed in the hands of voluntary administrators after a secured creditor said it could "no longer continue to suppo.. read more

ANZ Banking Group is already moving to upgrade its merchant terminals to accommodate contactless debit card transactions through the eftpos network, but has indicated that small and medium size mercha.. read more

North Queensland MP Bob Katter says he and other cross bench members have sounded out Rev. Tim Costello about sitting on the planned inquiry into the banking industry. read more

Commonwealth Bank has cut the daily limit on the amount of cash that personal customers can deposit in its national fleet of intelligent deposit machines - but it still remains the only bank allowing.. read more

While the consumer and business advocates agitating for a high-powered inquiry into Australia's major banks speculate about how the numbers in the House of Representatives might fall their way in comi.. read more

Merchants are calling on the Reserve Bank to investigate allegations that CBA and other banks have inflated the cost of accepting card payments since the beginning of September. read more

Trust between merchants and Commonwealth Bank may have touched a new low last week after a bank spokesperson revealed the contents of a sensitive letter sent to a retail industry peak body by Australi.. read more

Austrac last night declined to comment on whether National Australia Bank might be the next big financial institution to face legal action over possible non-compliance with anti-money laundering laws. read more

NAB has revealed in notes to its annual report that it has identified "issues and weaknesses" in its anti-money laundering compliance program, forcing it to disclose a contingent liability. read more

From January, former ALP finance minister Lindsay Tanner will sit on the Suncorp board - an appointment for which his previous roles make him a natural choice. read more