CUA closes branches

Credit Union Australia is to close 10 branches in south-east Queensland and in New South Wales. read more

Virtual issuers blocked by card schemes

Issuers of virtual cards may have an easier time negotiating access to the MasterCard and Visa card schemes in Australia under reforms to regulations canvassed by the Reserve Bank of Australia. read more

Taxi levy capped at five per cent

The service fee levied by Cabcharge and other taxi payment processors in Victoria will be halved to five per cent of the fare, under reforms endorsed by the state government. read more

CPS seeks bank name

South Australia's Community CPS is in discussions with the APRA over a "transition to a mutual bank designation." read more

GE Capital off the leash

GE Capital extracted a higher yield from a stubborn portfolio over 2012, producing returns sufficient to ensure support from head office to grow the business yet again. read more