armaguard

• Ian Rogers

Often described as a monopoly industry, cash-in-transit is a sector with a vibrant and disruptive alternative supplier. read more

• Ian Rogers

It’s buddy up or go bust in cash-in-transit, in New Zealand at least. read more

• Ian Rogers

THE ACCC HAS GRANTED authorisation to allow the Australian Banking Association, its member banks, Australia Post, retailers, supermarkets and other industry participants to collaborate so they can ens.. read more

• Ian Rogers

Commonwealth Baank is burning around $350 million a year in providing cash services across its branch network and ATM fleet. read more

• Ian Rogers

Linfox Armaguard is undergoing an overhaul, establishing two ‘operational boards’. read more

• Ian Rogers

Banks have been cleared by the ACCC to implement a collective “financial contributions” scheme that will keep Armaguard in business, at least for another year. read more

• Ian Rogers

Banks, retailers and Australia Post have agreed to an additional $50 million over a year in funding for Armaguard. read more

• Ian Rogers

The availability of banknotes “was important from a financial stability perspective” the Reserve Bank of Australia has told industry representatives participating in a Working Group on the future of c.. read more

• Ian Rogers

The range of stakeholders that will be invited into sensitive industry discussions around cash-in-transit will finally include “other businesses and organisations that distribute cash”, meaning Armagu.. read more

• Ian Rogers

Incredibly, Prosegur are interested in buying Armaguard, but this won’t be needed. The ABA is understood to have reached terms with Armaguard that will assure cash distribution is maintained. read more

Armaguard will need to be transparent and open its books to scrutiny, as the banks have long insisted, or there may be no further offers of financial support forthcoming from the industry. read more

• Ian Rogers

Banks, reportedly, are investigating a couple of drastic options to solve the mess they helped create by backing the merger of cash-in-transit operators Armaguard and Prosegur last year. One brainwave.. read more

• Ian Rogers

Banks and Armaguard are close to receiving clearance from the ACCC for the big banks (and others) to coordinate on how best to prop up Armaguard’s cash distribution business. read more

• Ian Rogers

Armaguard are on the cusp of an epic win over their alarmed clients in the banking industry via a material support package. The ABA looks likely to wrap up negotiations by the end of this week.   read more

• Ian Rogers

The banking industry have been played for fools, disoriented into yielding to the clever, costly plans of Lindsay Fox and Linfox Armaguard. read more

• Ian Rogers

Why not pay more if you want to? This is the both sensible and silly retort of banks at the very moment they are being outfoxed from every angle. Paying more turns out to cost more than $100 million... read more

• George Lekakis

Linfox Armaguard’s executive chairman Peter Fox says his company will comply with all of the undertakings given to the competition regulator before the merger with Prosegur’s ATM and cash logistics bu.. read more

• George Lekakis

In a decision bound to draw a mixed reaction from banks, retailers and other cash-issuing businesses, the ACCC has approved the proposed merger of Armaguard and Prosegur. read more

• George Lekakis

Westpac customers will soon be able to access Armaguard’s fleet of automated tellers for free under a new access deal struck by the parties. read more

• George Lekakis

The Reserve Bank has told the ACCC that the proposed merger of Prosegur and Armaguard could be in the national interest because it may contribute to a more viable economic structure for the domestic c.. read more