PSB wedded to Eftpos regulation

A review of the regulation of the Eftpos system in Australia is underway, with the release on Friday of a short paper on options by the Payments System Board. read more

Reduced funding costs prop up profits

Lower funding costs in the wholesale and retail market may lift profits for major banks by as much as three per cent compared with recent estimates, new estimates prepared by RBS Equities (Australia.. read more

All farm debts subject to NSW law

The law in New South Wales that gives farmers additional rights of mediation in dealing with their lenders has been clarified by a recent High Court ruling, with lenders now having to document any l.. read more

Customers' CEO leaves

Tim Wildash, the chief executive of ATM operator Customers Limited, left the firm yesterday. He had given notice to the board of his intention to leave in recent weeks. read more

Profit rocks for MyState

The Rock Building Society may prove a handy acquisition for MyState Financial, with the former producing a net profit of A$6.2 million in the December 2011 half-year, three times the level of profit.. read more

Two ATM profits late

GRG International and EzeATM both fail to file their December 2011 half-year results with the ASX by close of yesterday's business. read more

Yield story subdued for Genworth

Genworth Financial earned a lower profit from higher revenues in Australia in the year to December 2011, its annual report, released yesterday, shows. read more

Elastic ATM fees suit Customers

Around four per cent of the profit of automatic teller machine operator Customers Limited may be at risk as curbs on access to cash at gambling venues begin to bite from the middle of this year. The.. read more

People's Choice ready to lift rates

People's Choice Credit Union yesterday announced that it will "adopt a new approach" to setting interest rates and "may adjust rates independently of RBA official cash rate decisions." read more