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Westpac's higher-priced home loans are not yet making much of a difference to the bank's level of new funding of mortgages in Australia. read more

The Payments System Board on Friday announced that it plans to "undertake a strategic review of innovation in the Australian payments system." The PSB said it anticipates releasing a consultation do.. read more

The changing pricing strategies of two banks are showing through in the regular monitoring of customer satisfaction by Roy Morgan Research. read more

The second tier of management at National Australia Bank's retail banking division will take on a new look over coming weeks. read more

The two dominant charge card companies traded in the red for a second year in a row in 2009, financial statements for American Express Australia and Diners Club show. Receivables also fell, reflecti.. read more

New Zealand's National government on Friday indicated that it was likely to sell Kiwibank, though it may wait until after the next election to do so. read more

Late payment fees on credit cards need to be more no more than NZ$15, the Commerce Commission advised banks and credit card issuers in New Zealand. ComCom made its view - issued in the form of "comp.. read more

Middle class people are around twice as likely to be forced into, or choose, personal bankruptcy, a study by the Centre for Corporate Law and Securities Regulation found. read more

Retail Decisions has the bulk of its Australian operations for sale, the Financial Review reported at its Dealbook site. The AFR reported that the payments card business (the Motorcharge and Motorpass.. read more

Electrical goods retailer Clive Peeters yesterday called in administrators, as flagging sales and difficult trading for most of the last year made it impossible to renegotiate $38 million in borrowi.. read more