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Visa's secure online payment system, V.me, went into operation yesterday. The system is designed to allow users to pay online by entering a single user name and password, allowing shoppers to avoid.. read more

Defence Bank has begun an overhaul of its branch network, opening a prototype state-of-the-art branch in Brindabella Business Park, in Canberra. The new branch has no teller counter. Customers can u.. read more

The value of borrowings by trustees of self-managed superannuation funds at June 30 was equivalent to 1.4 per cent of total SMSF assets, according to a new Australian Taxation Office report. read more

The Australian financial system is unlikely to return to the sort of credit market conditions that prevailed before the financial crisis, says Westpac group treasurer Curt Zuber. read more

Japanese and Chinese banks have overtaken European and US banks as the financial institutions with the highest levels of systemic risk, according to New York University's Stern Volatility Institute. read more

The Australian government's decision to ban mortgage exit fees remains as contentious today as it was when it was implemented in 2011. Submissions to a Treasury review of the ban show that views on.. read more

The Australian Taxation Office has cleared up an area of confusion for the trustees of self-managed superannuation funds who plan to borrow. Trustees have been unsure whether trusts set up as part o.. read more

Banks have improved both their culture of compliance and their ability to handle complaints, according to the Code Compliance Monitoring Committee. read more

Several of the decisions the Government has made in relation to a long list of announced but unlegislated tax will have some bearing on the banks, with the assistant treasurer, Arthur Sinodinos, an.. read more

Point-of-sale finance specialist FlexiGroup has assured investors that it has the right strategy to improve the performance of its latest acquisition, the ailing Australian and New Zealand businesse.. read more