Australia is one of the top six markets in the world for Visa payWave or contactless, Visa chief financial officer Byron Pollitt told an investor conference yesterday. "Of our six top markets for Visa payWave, five of them were all prior members of the British Commonwealth," Pollitt said. These are Australia, Hong Kong, Singapore, Canada, and New Zealand, with Taiwan as the outlier. "Some of this, some of the NFC [success], is simply consumer behaviour, willingness to adopt. So, the technology is there. And without the willingness of consumer to adopt, you don't have the roll out," Pollitt said. The ABC reported yesterday that law firm Maurice Blackburn has lodged an appeal in the Federal Court over last month's ruling in the bank fees class action against ANZ. Justice Michelle Gordon found the bank had illegally charged late payment fees to its customers, while also ruling that honour and dishonour fees and over-limit fees were lawful. The law firm is arguing, among several other points, that these other fees bear no relation to actual costs. The Hume Building Society launched its first securitisation of prime residential mortgage-backed securities yesterday, the Murray Trust Repo Series No.1. Standard & Poor's Ratings Services assigned a preliminary 'AAA' (sf) rating to the A$120.2 million class A tranche. Credit support is provided by the subordination of $7.3m unrated class B notes and from lenders' mortgage insurance on 51.6 per cent of the collateral pool. The community of Port Sorell in Tasmania is now home to Bendigo and Adelaide Bank's 300th Community Bank branch. Each branch is a locally owned and operated franchise, covered by BEN's banking licence. The community is responsible for branch running costs, and entitled to surpluses. The NSW Court of Appeal has dismissed an appeal by Bibby Financial Services Australia against a NSW Supreme Court ruling that Bibby had terminated the employment of its former sales director Ashley Sharma without cause in 2009. The Appeal Court said due process was not followed, denying Sharma the right of reply to allegations against him of serious misconduct. Bibby is liable to pay Sharma six months' salary in lieu of notice and his full share of a special bonus of $1,400,000, plus interest. Wide Bay Australia has appointed Mark Rasmussen as its new general manager of business banking and operations, aiming to implement the plan outlined by managing director, Martin Barrett, of targetting the region's SME market. Rasmussen will head up a team of five business banking managers across regional Queensland in Rockhampton, Bundaberg and the Fraser Coast, Sunshine Coast, Mackay and Gladstone.