Controlabill mounts challenge to domestic payments merger 18 October 2021 6:22AM A legal battle has erupted over the ACCC’s approval of the three-way merger of NPP Australia, Eftpos and BPay. read more
New study finds merchant routing could slash fees by $800m 18 October 2021 6:18AM Small business advocates say they are deeply concerned about the lethargic rollout of least cost routing services by the major banks, following the publication of new research showing that only 18 per.. read more
CBA under fire for re-working greenhouse lending policy 14 October 2021 6:09AM Commonwealth Bank’s commitments to the Paris greenhouse targets came under severe scrutiny at the company’s annual meeting on Wednesday, with shareholders accusing the bank of diluting its climate pol.. read more
CBA, NAB and big retailers join Eftpos’ new eQR platform 13 October 2021 6:27AM Eftpos Australia’s bid to extend its in-store payments business to online channels has received a boost from two of the country’s major banks, with CBA and NAB deciding to back the rollout of the dome.. read more
Westpac hurls $1.3b curveball at investors 13 October 2021 6:21AM Westpac’s share price was flogged on Tuesday after the bank flagged a string of one-off cost hits that will wipe $1.3 billion from the group’s full year after tax profit. read more
Bendigo board abandons online-only AGM proposal 13 October 2021 6:18AM Bendigo and Adelaide Bank directors have ditched a potentially controversial proposal that would have allowed the company to hold online-only annual meetings in a post-COVID environment. read more
CBA sued by workplace regulator for wage theft 12 October 2021 5:52AM Commonwealth Bank’s standing in the Australian community has taken another hit following a decision by the Fair Work Ombudsman to institute civil penalty proceedings against the company for underpayin.. read more
Consumer and professional groups demand changes to government’s last resort compo plan 07 October 2021 6:12AM The Morrison Government has come under intense pressure from consumer advocates and professional associations to review the design and coverage of its proposed compensation scheme of last resort for f.. read more
RBA’s payments boss calls stumps 06 October 2021 5:47AM The Reserve Bank’s payments department is set to lose its top official ahead of attempts by the Morrison government to reconfigure the regulatory settings for Australia’s payments sector. read more
RBA bargains beyond government’s wages policy 30 September 2021 7:58AM The Reserve Bank of Australia and the Finance Sector Union have reached an enterprise deal that delivers wage outcomes to staff over the next two years, beyond the Federal Government’s public sector w.. read more