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ME Bank’s “mystifying” decision to bin phone banking could result in customers ditching the bank, warn channel management and banking experts. read more

Spruikers of the cashless economy myth were thrown another curveball on Monday after a five-hour outage at Commonwealth Bank forced mobile wallet users to converge on branches and ATMs to get cash. read more

The pro-inflation faction of juniors and stirrers may have the upper hand at the Reserve Bank, with the RBA Staff Association set to lodge a bid for pay increases of 4 per cent or more. read more

Buy Now Pay Later provider Afterpay is mulling the prospect of a US stockmarket listing in an effort to raise more equity capital from international investors. read more

The battle for control of Australia’s automated teller market has intensified with Prosegur and Next Payments lodging a joint objection with IP Australia over a move by the Lindsay Fox-owned Armaguard.. read more

ANZ has promised to redeploy around fifty staff affected by its latest round of branch closures across the country. read more

Merchant services provider Square Inc has embarked on the second leg of its Australian growth strategy after confirming its entry into the small business lending market. read more

New Zealand’s banking regulator plans to tighten enforcement for non-compliant institutions after announcing a reorganisation of its financial stability group. read more

Despite expressing doubts last year about re-entering the financial services industry, former ME Bank chief executive and first class cricketer Jamie McPhee has returned to the sector with bat and bal.. read more

US-listed merchant services provider Square Payments is expanding its Australian operations and workforce after deciding to double its capital investment in the local subsidiary. read more