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Cheques could be a thing of the past by the end of this decade, the Australian Payments Clearing Association says in a report on the development of the digital economy. read more

Queensland is Australia's bankruptcy capital. It was the only state or territory to record an increase in bankruptcy numbers in the 2011/12 financial year, and its ratio of bankrupts is much higher.. read more

The payments industry's peak body, the Australian Payments Clearing Association, has become an affiliate member of the PCI Security Standards Council, a global payments body backed by the big card s.. read more

Investec Bank (Australia) has confirmed reports that its chief executive of four years, David Clarke, has resigned. read more

The anti-money laundering regulator Austrac will impose a levy of A$30.3 million for estimated costs in the 2013/14 financial year. read more

The number of disputes lodged with the Financial Ombudsman Service declined sharply last year. Between the March quarter, when FOS received 9590 disputes, and the December quarter, when it received.. read more

Operators of dispute resolution schemes may have to improve the standard of their reporting, focus more on systemic issues in their jurisdictions and ensure that they take account of changing techno.. read more

Median household savings have almost doubled over the past year, according to a survey. read more

The Australian Financial Markets Association says it would have no difficulty operating under the principles outlined in a consultation paper on financial benchmarks issued by the International Orga.. read more

The number of Australian companies offering their customers credit terms has increased sharply over the past year, as has the level of overdue payments. read more