Lindsay Fox a kingpin of banking 14 March 2024 3:16AM Latest news 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
Armaguard convinces banks on price support 14 March 2024 3:13AM Latest news 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
Briefs: Westpac moves audit account, PEXA management restructure, new MoneyMe CFO 11 March 2024 3:24AM Latest news Banking Day staff Westpac has moved its audit business from PwC, its auditor of 50 years, to KPMG. read more
Cuscal cuts payout ratio 01 March 2024 5:45AM Latest news Ian Rogers Cuscal has reported a December 2023 half year net profit of A$13.7 million, up five per cent from the prior period, and is distributing $6.1 million to shareholders as an interim dividend. read more
QuickFee's lending business takes off 23 February 2024 5:34AM Latest news John Kavanagh Payments company QuickFee enjoyed substantial growth in its lending division in the December 2023 half, driving higher revenue and margins. read more
Cash rescues retailers from protracted ANZ Worldline outage 22 February 2024 6:08AM Latest news George Lekakis Thousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by.. read more
The brawls around cash 05 February 2024 5:35AM Latest news Ian Rogers One of the biggest stoushes in Australian banking in a long, long time is approaching its crescendo, as the RBA steps up to oversee industry conversations around the economics of cash-in-transit and t.. read more
Godfreys implosion claims BNPL scalps 31 January 2024 5:27AM Latest news George Lekakis The financial problems afflicting longstanding vacuum cleaner retailer Godfreys loom as a potential source of bother for users of three buy now pay later schemes read more
CBA tries to rein in liability for customer losses triggered by digital outages 14 December 2023 4:28AM Latest news George Lekakis Commonwealth Bank has handed itself an early Christmas present that could potentially shield it against expensive compensation claims from business customers who suffer financial losses during banking.. read more
ACCC gives banks the nod to work on cash services solution 07 December 2023 5:53AM Latest news John Kavanagh The ACCC has granted interim authorisation to the ABA, its member banks and industry participants to work together to develop an arrangement that will guarantee the ongoing distribution of cash. read more
Smartpay readies for NZ relaunch in 2024 28 November 2023 5:47AM Latest news John Kavanagh Payment terminal supplier Smartpay enjoyed strong growth in revenue during the September half-year as a result of its successful campaign to increase its terminal base in Australia, but higher operati.. read more
ASL and Indue merger fails 24 November 2023 5:41AM Latest news Ian Rogers After more than six months of merger negotiations, Australian Settlements Limited and Indue have reached an impasse. 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
Cuscal abandons IPO 09 November 2023 5:52AM Latest news Ian Rogers Cuscal’s board has pulled the pin on its initial public offer and ASX listing. read more
Optus outage sidelines millions of Australians from the payments system 09 November 2023 5:51AM Latest news George Lekakis The collapse of Optus’ telecommunications network on Wednesday morning triggered waves of disruption to digital banking and customer services across the nation. read more
Market share losses force Visa and Mastercard to lower fees 08 November 2023 4:49AM Latest news George Lekakis Exponential market share gains in online payments processing made by domestic debit scheme Eftpos appear to have induced price responses from Visa and Mastercard. read more
Airwallex adds high-yield account to its product offering 08 November 2023 4:36AM Latest news John Kavanagh Cross-border payments specialist Airwallex hopes to win more of its clients’ business, with the launch of a multi-currency cash management account. read more
Westpac buys healthcare payments specialist 03 November 2023 5:30AM Latest news John Kavanagh Westpac is moving into the health payments market, announcing that it will acquire health claims processing business HealthPoint. read more
Eftpos growth and hefty tax benefit push AP Plus to $61m profit 02 November 2023 5:35AM Latest news George Lekakis Australian Payments Plus has revealed its debit payments processing subsidiary – Eftpos - is reclaiming market share from global giants Visa and Mastercard. read more
Bendigo shareholders seek board pledges on access to cash and cheques 25 October 2023 5:46AM Latest news George Lekakis Bendigo and Adelaide Bank’s 2023 annual meeting was dominated by intense discussion about the devastating impact of online financial crime on retirees and the narrowing of their choices to avoid using.. read more