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The proposed merger of cash logistics giants Armaguard and Prosegur appears to be stoking division within the Australian banking sector, with banks taking different stances on whether the competition.. read more

Armaguard has hiked the standard fee levied on customers making bank account withdrawals from its atmx-branded automated teller network. read more

Australia’s largest native payments provider – Australian Payments Plus – generated a big surge in top-line revenue last year, but a costs blowout plunged the group to a negative bottom line result. read more

In the absence of effective jawboning from national leaders - the Treasurer Jim Chalmers in particular - the major banks are acting against the interests of Australian households with savings. read more

The heavily promoted Australian arm of global buy now pay later poster child Klarna is under extreme pressure and continues to trade only with explicit financial support from its Stockholm-based paren.. read more

The precarious financial position of Klarna’s Australian buy now pay later business could have implications for local merchants subscribed to its service and one of the firm’s investors, Commonwealth.. read more

ANZ still has not completed the majority of payments to customers impacted by the Breakfree package issues, with remaining payments expected to be made early next year. read more

ASIC is appealing a Federal Court decision to dismiss its conflicted remuneration case brought against Colonial First State Investments and the Commonwealth Bank. read more

Macquarie Bank yesterday cut rates on a raft of variable rate mortgages by 5 basis points. read more

Cash Converters warns that reforms being advanced by the Albanese Government will make payday loans up to 70 per cent more expensive to borrowers. read more