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Australia's two biggest retailers, Coles and Woolworths, report positive experiences in the early stages of deploying contactless payment technology. Both say transaction processing times are quicke.. read more

Australian businesses have adapted well to volatile market conditions and can deal with uncertainty, says a senior business banker. read more

Lenders are being more selective about their housing finance commitments, with the result that increasing numbers of borrowers are unable to refinance. read more

Mortgage specialist Firstfolio has lost its second chief executive in four months. The company announced yesterday that David Hancock, who was appointed at the end of June, has left the company. read more

Social media is taking its first baby steps as a payment network in Australia, but so far the banks don't have much to worry about. The peer-to-peer payment service, Pygg, which was launched 12 month.. read more

The greatest risk consumers and merchants face as a result of recent developments in the payments system is a loss of choice, says the head of Eftpos Payments, Bruce Mansfield. read more

In the 12 months since receiving approval to become a mutual bank, Queensland Teachers' Mutual Bank has succeeded in reaching a wider market than it did when it was a credit union. read more

UBank has undercut its parent, National Australia Bank, passing on the full 25 basis point cash rate cut announced by the Reserve Bank last week. read more

The low growth environment that has prevailed in the finance market for the past couple of years has been a godsend for banks working to restructure their balance sheets. Without it, lenders might h.. read more

The Australian Prudential Regulation Authority is working with the mutual sector to look at how mutuals can achieve capital growth in a slow growth environment. read more