NAB shares payments mess around

The National Australia Bank payments failure these last few days had a cascade effect throughout the sector, with several other banks issuing alerts to customers that some transactions had been dela.. read more

Unit payments work for IBM and Westpac

Westpac has halved the term of its latest services deal with computing giant IBM, introducing more flexibility into the contract and demanding a slew of new service level agreements. read more

Smartphone apps popular but vulnerable

Interest rates aside, the new battleground for Australia's banks is mobile banking, with financial institutions falling over one another in the race to deliver new apps for different mobile computer.. read more

Social networks still experimental for banks

In a week which has seen social networks ablaze with negative consumer commentary about a perceived profits grab by the big banks, Australia's leading financial organisations have admitted they stru.. read more

Basel III needs strong IT foundations

Banks that have completed core banking transformations are better placed to meet the regime change that will be demanded by Basel III, says technology analyst Ovum. read more

CSC chief likes CBA strategy

Commonwealth Bank secured an accolade from an unexpected quarter yesterday when CSC chief executive Gavin Larkings said the bank had secured a "potentially dominant leadership position". read more