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).
- Late payments a way of life for SMEs
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15 May 2013 6:57amAlmost half of Australian small businesses have paid invoices late in the past year and close to 20 per cent pay their suppliers late on a regular basis, according to a new survey of SMEs.
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Analysis: Macquarie hybrid a finely pitched offer
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15 May 2013 6:56amIs it a coincidence that Macquarie chose Budget eve to announce the details of its new hybrid note issue? The hybrid notes are not innovative, and there may no longer be much appetite among retail investors for hybrid securities. » read more »
- Briefs: iSelect IPO, Macquarie launches Smart ABS, new offer for The Trust Company
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15 May 2013 6:56am
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Eftpos unveils wallet strategy
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14 May 2013 7:03amThe Eftpos Payments scheme is to have a crack at instigating mobile phone payments as a real option in Australia, with plans to foster an Eftpos-branded mobile wallet and near field communications widget. » read more »
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Consumers wiping more debt off their credit cards
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14 May 2013 7:02amThe latest Reserve Bank credit card figures show that persistently high credit card interest rates are encouraging consumers to reduce their revolving balances.
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Housing finance surges
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14 May 2013 7:00amThe housing finance market surged in March, with a strong pick-up in both the number and value of loans. » read more »
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PEXA to go live next month
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14 May 2013 6:59amNational Electronic Conveyancing Development Ltd has confirmed that its electronic property exchange, PEXA, will go live with the first part of its service next month. » read more »
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PPSR is a business opportunity for brokers
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14 May 2013 6:58amFinance brokers can add significant value for their business clients by developing a good working knowledge of the Personal Property Securities Register. » read more »
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Advertisement: Cards & Payments Australasia 2013
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14 May 2013 6:58am
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ASIC tells lenders to use their discretion with hardship applications
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14 May 2013 6:57amASIC has told lenders it expects them to be flexible with borrowers applying for hardship relief. » read more »
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Real-time project tests resources
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14 May 2013 6:56amBanks using the proposed real-time payments system will have to provide extensive support for the system to achieve the 100 per cent uptime experienced by the Faster Payments system in the UK.
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