In its first year of operation, Confirmation of Payee has been used more than 150 million times to match the name of a bank ...

Traditional checks verify an identity exists but do not confirm whether the person claiming to own the identity is the real ...

How bizarre. The House Economics Committee has seriosuly banks consider lodging a new application with the ACCC to pursue ...

Judo Bank yesterday shocked the market with news of a hike in provisions, and a hike in what it terms ‘cost of risk’, via specific provision increases “for three exposures across different sectors ...

The bundling of payments processing with integrated Point of Sale platforms, or rather how best to go about unbundling these ...

KPMG Australia is carrying $557 million in debt borrowed from NAB and DBS. That is roughly $815,000 per partner. The annual cash distribution to partners, and the nature of accrual accounting profit ...

Professor Barry Nalebuff will soon appear as a witness in the Mastercard trial in the Federal Court in Sydney. This is the trial that at its foundation turns on Mastercard’s demolition job on Eftpos ...

Coles received a net benefit from Eftpos from 2017 to 2020, thanks to the popularity of cash out payments. Coles must be doing even better now on the Eftpos front given the recovery in demand for and ...

Bank Australia and P&N Bank will merge to form the largest mutual bank in Australia, assuming “their intention to explore a merger”, announced yesterday, is consummated. Bringing Bank Australia and ...

APRA said it aware that smaller ADIs have adopted inconsistent liquidity treatment for deposits placed with settlement service providers. In a letter to the industry on Thursday, APRSA said ...

Lower levels of profitability for the Australian banking industry and especially declining margins in the sector’s core mortgage business are prominent themes in the First Report of the House ...