Tyro raises merchant fees in a bid to break even 30 August 2022 5:46AM Tyro Payments has cut staff numbers and increased merchant service fees in a bid to meet its goal of generating free cash flow by the end of the current financial year. read more
Credit Corp scoops up Collection House scraps 30 August 2022 5:45AM Credit Corp will buy the remaining parts of its failed rival Collection House in a deal worth just A$11 million. read more
Personal insolvencies at historic lows 26 August 2022 12:00PM Personal insolvency numbers fell 10 per cent over the year to June, with bankruptcy and debt agreement numbers at historic lows. read more
Zip randomises ‘path to profitability’ 26 August 2022 6:10AM Zip Co is indulging in sloppy – and unaudited – financial reporting, a tenuous approach for a company that just lost a billion dollars in FY2022, and wants to persuade the market it is heading in the.. read more
humm puts the knife through its consumer division 26 August 2022 6:09AM humm group is rationalising its consumer division to cut its exposure to the small-payment, pay-in-four buy now pay later segment, and will make big-ticket instalment purchases its core consumer offer.. read more
Judo goes full steam ahead 26 August 2022 6:08AM Judo Bank is budgeting for a continuation of double-digit growth in business lending in the 2022/23 financial year and will push ahead with the rapid scaling-up of its operations to capitalise on this.. read more
ATM numbers fall 23 August 2022 5:33AM The number of ATMs in service around Australia has continued to fall and is now at its lowest level in 16 years. read more
‘Excess of cash’ stymies Latitude 22 August 2022 4:31AM The “excess of cash” in the economy from COVID stimulus measures had a marked impact on Latitude Financial Services during the June half-year, with an acceleration in repayments contributing to falls.. read more
BNPL to be covered by the Consumer Data Right 22 August 2022 4:29AM Buy now pay later products will be included in information sharing requirements when the Consumer Data Right is extended to cover non-bank lending. read more
Savings rate increases ‘highly selective’ 19 August 2022 5:51AM Authorised deposit-taking institutions are being highly selective in the way they pass on cash rate increases to savers, according to comparison site Canstar. read more