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Financial services companies may be shedding staff and cutting costs in other areas but they are still prepared to pay well for performance. read more

Consumers take on risks when they use gift cards but the problems are not so serious that they warrant a regulatory response, a review has found. read more

Commonwealth Bank has finally released an Android version of its Kaching mobile payments app. It has also upgraded Kaching's iPhone version, which allows payments to be made between two Kaching-enab.. read more

Innovation around mobile payments is bouncing along, with payment services provider Paymate launching a smartphone application that turns the phone into a payment terminal. read more

Citibank has enjoyed a 49 per cent increase in customer numbers for its transaction account, Citibank Plus, since last October. read more

Mortgage funder Pepper Australia is diversifying with the acquisition of a real estate advisory business. read more

Investec Bank (Australia) has doubled the size of its asset finance business, with the acquisition on Monday of Alliance Equipment Finance. read more

Australian lenders are taking a more positive view of secondary debt traders and are more inclined to deal with them than in the past, according to an adviser in the field. read more

Financial institutions have cut their deposit rates more than their loan rates over the past two months. read more

ING Direct has dropped the interest rate on mortgages with low loan-to-valuation ratios. It is also waiving application fees on a couple of products. read more