Latest news and insights on banking and finance in Australia and New Zealand, as delivered in the daily 7am Banking Day email news service (subscribe or take out a free trial).
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ATM manufacturer 'failing'
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13 June 2013 6:49amThe Korean ATM business NeoICP, which is the main operating asset of iCash Payments, is "currently failing", according to the directors of iCash. » read more »
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Positive signs for credit card market
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13 June 2013 6:48amCredit card numbers are starting to look positive. Reserve Bank data shows account numbers rising steadily, the value of cash advances and purchases picking up, and credit limits growing too. » read more »
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Briefs: ASIC backs banks on derivatives
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13 June 2013 6:47amThe Australian Securities and Investments Commission is backing a push by Australian banks for relief from new global derivative regulation. » read more »
- Mutuals seek leeway to reorganise
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12 June 2013 6:46amA number of credit unions are pushing for permission to waive a rule that at least a quarter of their members need to vote on any proposal to demutualise. » read more »
- One in five excluded from finance
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12 June 2013 6:44amVendors of banking and insurance services are struggling to reach almost 18 per cent of the population, research by the Centre for Social Impact suggests.
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- Housing finance activity returns to trend
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12 June 2013 6:42amAfter a spike up in March, housing finance activity returned to more normal levels in April.
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- Axed EzeATM CEO seeks board spill
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12 June 2013 6:42amA fraud at a cash carrier cost EzeATM A$256,000. This and other reasons have led to a cut in projected profits and may be why the company's CEO was fired, a decision he is not taking well.
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- OzForex signs agreement with MoneyGram
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12 June 2013 6:41amTwo months after signing a white label deal with Travelex, foreign exchange provider OzForex has signed an agreement with global money transfer company MoneyGram. » read more »
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Brief: AMMB bids for Hwang-DBS
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12 June 2013 6:40am
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DirectCash lifts ATM fees
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11 June 2013 6:58amDC Payments Australia will lift the user fee at most of its ATMs to A$2.80, from $2.50, from the beginning of July, making the independent automatic teller machine network the most expensive in the country. » read more »
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Rent-seekers impair NFC payments
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11 June 2013 6:57amToo many "players think they can get in the middle and earn a rent" from contactless payments, says Kelly Bayer Rosmarin, executive general manager at CBA.
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