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Reports of problems with a contactless payment system installed at British retailer Marks & Spencer, which led to some customers being charged twice, have sparked a consumer backlash. However, t.. read more

Westpac chief information officer Clive Whincup has tweaked his team of direct reports to reflect changing priorities and to progress with the bank's A$2 billion Strategic Investment Priorities prog.. read more

Leading technology analyst Gartner has issued a report warning that "banks that are too big to fail may also be too big to succeed". read more

Tasmania's MyState Ltd is on track to complete its A$6.3 million core system overhaul by October, which will see it replace its current Fiserv computing platform with the TCS Bancs system. read more

Achieving full Basel III compliance will cost the world's leading financial institutions US$75 billion to achieve, according to a leading industry analyst. read more

ANZ is about to start a "massive core banking program" according to Cyrus Daruwala, managing director of IDC Financial Insights Asia-Pacific. read more

NAB chief Cameron Clyne has countered suggestions that the bank is lagging behind in terms of its technology upgrade - despite the initiative having another six and a half years to run. He claims th.. read more

The "Kaching for Facebook" payments application released by the Commonwealth Bank this week has been backed by a 100 per cent guarantee, meaning the bank will cover any losses if someone fraudulentl.. read more

With a transaction limit of A$1000 a day on its goMoney iPhone application, ANZ has acknowledged that the application has limitations and that larger organisations will still need to use conventiona.. read more

The volume of online transactions conducted by National Australia Bank customers will overtake the volume of those conducted in branches by May this year. read more