Interchange, surcharging in strife as RBA payments review revs up 16 October 2024 5:58AM Latest news Ian Rogers The federal government expects banks and payments providers to voluntarily end surcharging on debit payments by the end of 2025. read more
Deposit mix key to banks managing rate cuts 16 April 2024 4:59AM Latest news John Kavanagh Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more
Avenue Bank explores guarantee alley 05 March 2024 5:39AM Latest news Ian Rogers Avenue Bank has settled on an exceptionally narrow focus for its industry debut. read more
Tyro cedes Bendigo merchant base 28 February 2024 5:41AM Latest news Ian Rogers An ordinary result for payments processor and struggling banking disruptor Tyro may leave the firm and one of its principal partners wondering about the value in their three-year old relationship. read more
Tyro contract dispute settled 19 February 2024 4:03AM Latest news John Kavanagh A former agent of Tyro Payments, Kounta Pty Ltd, has agreed to withdraw legal action against Tyro and pay substantial damages. read more
Tyro wins contract dispute 20 November 2023 5:39AM Latest news John Kavanagh Tyro Payments has won a breach of contract case against one of its agents, with the Supreme Court of New South Wales restraining Kounta Pty Ltd from trying to sell competing services to Tyro merchants.. read more
Rate of branch closures accelerates 19 October 2023 3:57AM Latest news John Kavanagh The rate of bank branch closures in Australia is accelerating, with more than 10 per cent of branches closing over the year to June 2023. And despite widespread concern about regional branch closures,.. read more
Embedded finance not living up to the hype 13 September 2023 5:33AM Latest news John Kavanagh When financial technology company FIS asked banks and other financial services executives at the end of last year what their priorities were for investment in business innovation in 2023, embedded fin.. read more
Tyro sues agent for breach of contract 05 September 2023 6:10AM Latest news Tyro Payments has taken legal action against one of its agents, claiming that it breached its obligations under the agency agreement by offering a competing product to Tyro merchants. read more
Kina Bank improves profit despite heftier tax bill 31 August 2023 6:05AM Latest news George Lekakis A big increase in the corporate tax rate applied to Papua New Guinean banks did not prevent ASX-listed Kina Bank from delivering a higher interim profit. read more
Tyro considers the future of its banking operation 30 August 2023 6:14AM Latest news John Kavanagh Tyro Payments chief executive Jon Davey is determined to maintain the focus on efficiency that helped deliver strong results in the year to June, and that includes reviewing the role of banking in the.. read more
Bendigo's community bank hits 25-year milestone 27 June 2023 12:54AM Latest news George Lekakis One of the most successful and enduring innovations of Australian banking -Bendigo’s Community Bank program– turned 25 on Monday. read more
Potentia and Tyro call off takeover talks 23 May 2023 5:06AM Latest news John Kavanagh Potentia Capital Management has ended its long-running negotiations with Tyro Payments over a takeover of the payments processing company. read more
Briefs: Two new NAB directors, Tyro class action settled 22 May 2023 5:08AM Latest news Banking Day staff Former investment banker Carolyn Kay and media executive Christine Fellowes have joined the NAB board as independent non-executive directors. read more
Briefs: Tyro upgrades earnings guidance, PEXA appoints CFO 16 May 2023 3:55AM Latest news Banking Day staff Payments company Tyro has upgraded its 2022/23 earnings guidance, saying it expects EBITDA to be between A$41 million and $43 million. read more
Briefs: Tyro chief product officer moves to Cuscal, new IMB Bank director, Pepper issues RMBS 03 May 2023 6:06AM Latest news Banking Day staff After six years at Tyro as chief product officer, Bronwyn Yam has moved to Cuscal as its new chief product officer. read more
Unresolved 'technical error' creates compliance headache for BNK Banking Corp 04 April 2023 5:46AM Latest news George Lekakis BNK Banking Corporation has been trying to fix a “technical error” affecting its core banking platform since February, but says the problem is not related to a cyber-attack. read more
Tyro turns a profit 01 March 2023 6:11AM Latest news John Kavanagh Tyro Payments has reported its first profit since listing on the ASX in 2019 and sent a message to its suitors that the company is starting to show its long-term earnings potential and will not be sol.. read more
Briefs: Tyro settles class action, ANZ completes hybrid issue, Wisr prices ABS, CBA appointments 20 February 2023 4:47AM Latest news Banking Day staff Tyro Payments has reached an in-principle settlement of a class action over terminal outages in January 2021. read more
Tyro shows its books to Potentia consortium 14 February 2023 6:04AM Latest news George Lekakis Directors of ASX-listed bank Tyro Payments Limited have re-opened the door to Potentia Capital after their decision in December to reject an $875 million buyout offer from the suitor. read more