armaguard

• Ian Rogers

The Council of Financial Regulators say they are exploring a regulatory framework to support the long‑term sustainability of the cash distribution system, a framework aimed squarely at enabling finan.. read more

• Ian Rogers

Major banks have reached an agreement with Armaguard to extend their financial contributions to support the dominant cash-in-transit business for a further six months.   read more

• Ian Rogers

Armaguard are borrowing in curious places. read more

• Ian Rogers

Cash usage in Australia appears to be stabilising. read more

• Ian Rogers

Armaguard, the Australian Banking Association, the major banks and others have received the final all-clear from the ACCC to continue their collaborative conduct intended to keep Armaguard in business.. read more

• Ian Rogers

Keeping Armaguard in business looks like being a supremely costly exercise for the major banks and the other ‘funding parties’ that bailed the firm out nine months ago. read more

• Ian Rogers

Often described as a monopoly industry, cash-in-transit is a sector with a vibrant and disruptive alternative supplier. read more

• Ian Rogers

It’s buddy up or go bust in cash-in-transit, in New Zealand at least. read more

• Ian Rogers

THE ACCC HAS GRANTED authorisation to allow the Australian Banking Association, its member banks, Australia Post, retailers, supermarkets and other industry participants to collaborate so they can ens.. read more

• Ian Rogers

Commonwealth Baank is burning around $350 million a year in providing cash services across its branch network and ATM fleet. read more

• Ian Rogers

Linfox Armaguard is undergoing an overhaul, establishing two ‘operational boards’. read more

• Ian Rogers

Banks have been cleared by the ACCC to implement a collective “financial contributions” scheme that will keep Armaguard in business, at least for another year. read more

• Ian Rogers

Banks, retailers and Australia Post have agreed to an additional $50 million over a year in funding for Armaguard. read more

• Ian Rogers

The availability of banknotes “was important from a financial stability perspective” the Reserve Bank of Australia has told industry representatives participating in a Working Group on the future of c.. read more

• Ian Rogers

The range of stakeholders that will be invited into sensitive industry discussions around cash-in-transit will finally include “other businesses and organisations that distribute cash”, meaning Armagu.. read more

• Ian Rogers

Incredibly, Prosegur are interested in buying Armaguard, but this won’t be needed. The ABA is understood to have reached terms with Armaguard that will assure cash distribution is maintained. read more

• Ian Rogers

A bank branch (mainly NAB’s) closed in regional Australia every 5 days since a Senate inquiry into bank closures in regional Australia was announced early last year. read more

Armaguard will need to be transparent and open its books to scrutiny, as the banks have long insisted, or there may be no further offers of financial support forthcoming from the industry. read more

• Ian Rogers

Armourguard, the dominant supplier of cash-in-transit services in New Zealand, is on the cusp of establishing its own monopoly. read more

• Ian Rogers

Banks, reportedly, are investigating a couple of drastic options to solve the mess they helped create by backing the merger of cash-in-transit operators Armaguard and Prosegur last year. One brainwave.. read more