Labor MP kicks off campaign for fee-free digital payment reform 20 August 2024 6:17AM Jerome Laxale, the Labor MP for Bennelong and a member of the House Economics Committee yesterday announced the beginning of a “campaign for fee-free digital payment reform.” read more
Merits of Trust Exchange model challenged 19 August 2024 1:16AM Doubts, ranging all the way to outright hostility, are surfacing around the mooted Trust Exchange to verify identity and credentials. read more
MyState and Auswide forge merger 19 August 2024 1:14AM MyState Limited and Auswide Bank have reached agreement on a merger, the AFR’s Street Talk column reports. read more
Broad decline in NAB asset quality 19 August 2024 1:10AM NAB’s business borrowers are feeling stressed, with a “continued broad-based deterioration in the Business & Private Banking business lending portfolio” over the June 2024 quarter. read more
Experian and illion merger cleared 16 August 2024 6:28AM The takeover by Experian Australia Credit Services of rival illion has received a green light from the ACCC. read more
Conditions lousy for many businesses 16 August 2024 6:25AM Trading conditions for many businesses are declining and likely to worsen while consumer sentiment and retail trade are so flat, CreditorWatch concludes in its latest Business Risk Index. read more
RBA doubles down on least-cost routing 16 August 2024 6:21AM “Further regulatory intervention” in the arena of debit payments is on the cards, and probably certain, with the Reserve Bank venting more frustration over the roll out of least-cost routing. read more
CommBank calls out prohibitive cost of cash 15 August 2024 6:44AM Commonwealth Baank is burning around $350 million a year in providing cash services across its branch network and ATM fleet. read more
Comyn sees rising arrears, harder times 15 August 2024 6:42AM Asset quality indicators all soured at Commonwealth Bank over its June 2024 full year. And will continue to do so. read more
Banks look for confidence and trust in TEx 14 August 2024 1:45AM Customer onboarding and know-your-customer practices may be greatly simplified for banks if an ambitious effort by the Australian government to overhaul digital identity protocols comes to pass. read more