383

Two of the firms taking on Cabcharge in the market to process payment cards in taxis have defended the 10 per cent surcharge on fares that the latter pioneered and which they, in turn, depend on to.. read more

While tempting to conclude it will be business as usual at Commonwealth Bank following the change of CEO later this year, the selection of a comparatively inexperienced executive, in banking at leas.. read more

Westpac may still be working on a further internet-only bank brand, known internally as Red, the Australian Financial Review reports. read more

More research is needed into the incidence of credit card surcharging before any regulatory steps are taken to curtail merchants' present freedom to levy their customers, or so the retail industry l.. read more

Only two banks and one banking association lodged submissions with the Reserve Bank of Australia over the review into surcharging on credit card payments, and they are lukewarm on the merits of any.. read more

Both the big banks and the bank regulator are stepping up work on "living wills" as an alternative to the capital surcharge that could be needed if banking regulations in Australia follow the princi.. read more

ANZ is bringing more of the closing tasks in its home loan production chain back in-house after a disappointing couple of years sourcing this work out to Perpetual. read more

ANZ will maintain three separate core banking systems into the foreseeable future, the bank confirmed at a briefing on the bank's technology strategy on Friday. read more

ANZ will stick to an internal model for cloud computing in the medium term, and in part because financial regulators often do not like the use of external providers to store sensitive bank data. read more

ANZ management is "supportive" of Reserve Bank of Australia goals for reform of the payments system in Australia, but is not making any particular plans to adapt its own investment priorities at prese.. read more