NAB puts financial abusers on notice in new T&Cs 27 June 2023 12:55AM NAB has updated its terms and conditions to give staff authority to “cut off” customers identified as committing financial abuse. read more
PayPal introduces passkeys in Australia 26 June 2023 12:50AM Following the introduction of passkeys for customer logins on Apple devices and Google Android services in the United States, PayPal has expanded the technology to Australia. read more
CEFC's role expands 23 June 2023 12:59AM An amendment to the Clean Energy Finance Corporation Act passed this week, opening the way for the “green bank” to receive additional capital and operate with a wider mandate, including establishing a.. read more
Customer Owned Banking Code implementation a challenge 21 June 2023 11:35PM Some subscribers to the Customers Owned Banking Code of Practice, which came into force in November last year, have faced “transition challenges” meeting their new obligations, an implementation revie.. read more
New AMB chair 21 June 2023 11:31PM Alan Bardwell will be the new chair of Australian Military Bank. read more
Zip note holders agree to restructure 21 June 2023 2:14AM Holders of Zip Co’s zero coupon senior convertible notes have accepted the company’s proposal for a restructure of the notes. read more
Brokers turn to small lenders for product innovation 19 June 2023 10:23PM Two big mortgage broking groups have turned to specialist lenders to freshen up their white label offerings, as one targets non-resident borrowers and the other targets borrowers wanting to avoid the.. read more
BNPL: lots of customers not much spending 19 June 2023 8:21AM Buy now pay later services are used by a large and growing number of Australians but spending on BNPL is still a very small proportion of total consumer payments, the Reserve Bank reports. read more
Cash use halves 16 June 2023 3:26AM Consumers’ use of cash for payments has halved over the past three years and is now used for only around 10 per cent of payments, according to the latest Reserve Bank payments survey. read more
Elder financial abuse widespread 16 June 2023 3:23AM A survey commissioned by Commonwealth Bank has found that 28 per cent of Australians over age 65 have experienced financial abuse or know someone who has. read more