Driving cost savings at Customers

Customers Limited yesterday disclosed that it purchased the systems and software for the "drivers" of its ATM transactions from the firm's supplier Calypso. TNS Inc, a US-based payments processor, s.. read more

Time to talk payments

The Payments System Board yesterday provided a few pointers on the themes that it has in mind for the "strategic review" of payments announced two months ago. read more

Profit up and lending down at PNCS

Police & Nurses Credit Society yesterday said it will report a pre-tax profit of around $20 million, or 60 per cent more than in 2009. The credit union provided some profit highlights in a media.. read more

Discretion preferred over capital buffers

How much enthusiasm local financial regulators have for the reforms emanating from the Bank for International Settlements and related forums is doubtful, with central banks either side of the Tasman.. read more

Credit conditions suit some lenders

Credit growth may be subdued at present but for select lenders overall trading conditions are pretty favourable. One of those lenders, GE Capital, provided a taste of trends in its business at an in.. read more

A hundred credit union skittles still to fall

Consolidation is one of the continuing themes at the small end of the deposit-taking sector, and the CFO of one of the consolidators took a stab yesterday at guessing how many credit unions might su.. read more

Citi rents ATM sites

Customers Limited will rebrand at least 150 automatic teller machines under Citibank branding, the ATM operator announced yesterday. read more

Deposit kicker for Citi and Virgin Money

A "market-leading deposit rate" on what may be a no-transaction savings account will be the first product pitched into the market by Citibank, but carrying the branding of its new partner Virgin Mon.. read more