Latest news (24,867 items)

Card spending growth increases

The rate of increase in spending on credit cards and debits cards picked up in January 2003, compared with the rate of increase in January 2002, Reserve Bank data on payment card transactions show. read more

Moynihan leaves Suncorp

Greg Moynihan, the former Metway Bank chief and currently head of wealth management at Suncorp, will leave the bank, with his job going to Commonwealth Bank business development executive Bernadatte Fifield. read more

Five offers for Maximum ATM

Consolidation plays in the automatic teller machine market are gathering steam, with details of two confirmed yesterday. read more

Cashcard buys Movieline network

In the second of two ATM consolidation plays confirmed yesterday Cashcard, the market leader in the third party ATGM Segment, said it acquired Movieline's 50 ATMs. read more

Visa volume rises 18 per cent

Visa said that retail sales volume on its cards in Australia increased by 18 per cent, to US$45 billion in 2002. By comparison, Visa said that card sales volume increased 29 per cent in 2001, to US$45.6 billion. read more

The Warehouse cagy on cards growth

Discount retailer The Warehouse says that its two year old financial services joint venture with Westpac is performing well, but won't go into the details. The Warehouse yesterday reported a decline in operating profit for the half year to December 2002. read more

Repcol profit rise defies trend

Debt collector and consolidator Repcol has bucked the trend of disappointing results reported elsewhere in the sector and recorded an increase in profit in the half year to December 2002: read more

ATM Solutions buys Maximum ATM

ATM Solutions is showing its hand as a consolidator in the third party ATM space. ATM Solutions, based in Melbourne, has taken control of Maximum ATM, based in Adelaide. read more

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