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).
- 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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Digital channels soar at Bank of Melbourne
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11 June 2013 6:57amAn effective digital strategy will "help get customers to be the advocate" for a banking business, one of Westpac's senior executive said on Friday.
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Firstmac completes dual currency RMBS
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11 June 2013 6:56amMortgage lender Firstmac has completed an issue of mortgage-backed securities in Australian dollars and pounds – its first dual currency issue since 2007.
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NZ Treasury lobbied unsuccessfully for say in RBNZ's toolkit
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11 June 2013 6:55amThe New Zealand Treasury Department missed out on getting a say in how the Reserve Bank of New Zealand will roll out its new macro-prudential tools, to take the steam out of potential asset bubbles. It pushed for at least a passive role, according to documents published on the department's website.
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Briefs: Aussie banks lobby over derivative regulation, RHG negotiates with Resimac
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11 June 2013 6:54amAustralian banks warn of the high cost impact of new derivative regulation; RHG negotiates with Resimac over assets and shares.
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Payment fraud losses fall
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07 June 2013 6:59amFraud that occurs when a payment card is not present during a transaction has been the biggest and fastest growing source of payment fraud in Australia for some years. However, last year the tide turned and card-not-present fraud fell. » read more »
