Saving ratio tumbles further 03 March 2016 4:26PM An extended fall in the household saving ratio is evident in the latest national accounts for Australia, to some degree vindicating recent analysis of this measure by the Reserve Bank of Australi.. read more
Foreign banks in fine fettle 02 March 2016 4:58PM Profits for foreign bank branches operating in Australia echo a wider picture of a robust banking sector, with a combined profit for this segment of the industry of A$1.44 billion over the year to Sep.. read more
Banktech connects ATM vision 02 March 2016 4:57PM The fragmented and independent sector that owns and maintains automatic teller machines is finding a new domestic champion. read more
Euronet in reverse in Australia 02 March 2016 4:56PM The ePay business of US payments processor Euronet Worldwide continues to wilt, with revenue down 13 per cent over one year and 26 per cent over two years, to US$78 million. read more
Apple, Samsung boost mobile contactless payments 02 March 2016 4:54PM The number of consumers making contactless payments via their mobile handsets will reach 148 million this year, with Apple and Samsung together accounting for nearly 70 per cent of new customers, a st.. read more
ANZ marketing head steers digital banking 02 March 2016 4:54PM ANZ said it hired Maile Carnegie to fill a newly defined role of group executive, digital banking. read more
More buzz than substance in Australian P2P 01 March 2016 5:25PM The marketplace lending sector in Australia is buzzing with interest but barely humming with genuine lending, if data canvassed at an industry forum yesterday is any guide. read more
Time to get set for marketplace consolidation 01 March 2016 5:24PM The burgeoning list of (mostly) recently-formed starts ups with big visions in the marketplace lending sector in Australia will play a part in building the market, but they can expect to fall by the w.. read more
Fee caps a brake on Cabcharge 29 February 2016 4:54PM Limits on 'service fees' charged by taxi payments processors have had their expected impact on the profits of Cabcharge, with revenue from this source down by A$11.1 million, or 35 per cent, to $32.9.. read more
OneCash ATMs mostly useless 26 February 2016 4:38PM Hundreds of ATMs connected to the failed firms of OneCash Limited and DSM Connect Pty Ltd turn out to have had no value, adding to the mystery around a business where a hundred or more of the devices.. read more