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New Zealand will get a further payments brand to promote the take up of contactless payments in the country. read more

The Use of contactless payments is on the rise. They now account for 50 per cent of all MasterCard and Visa card payments at Coles. read more

The Australian government expects the face value of treasury bonds on issue to rise to around A$260 billion at June 2014, up from $233 billion at June 2013, Treasury projected in last night's budget.. read more

The Eftpos Payments scheme is to have a crack at instigating mobile phone payments as a real option in Australia, with plans to foster an Eftpos-branded mobile wallet and near field communications w.. read more

Banks using the proposed real-time payments system will have to provide extensive support for the system to achieve the 100 per cent uptime experienced by the Faster Payments system in the UK. read more

National Australia Bank has lost its most recent court battle in a long-running effort by the bank to earn a return on a speculative 18-year-old investment in a technology company. read more

Further reductions in bank funding costs are becoming apparent, mainly in the wholesale market, with the benefits flowing through to bank borrowers and bank owners. read more

A small pool of loans serviced by Pepper Homeloans is headed for a default, a rare event in the mortgage-backed market in Australia. read more

All credit unions and other ADIs will need to hire or designate a chief risk officer and set up a board risk committee, if they do not already have one, says APRA. read more

Major banks lifted their profits over the last half, but their earnings constitute no record. Measured by return on equity, they are well short of their best. read more