Latest news (24,980 items)

MasterCard doubles ad spend

MasterCard will double its marketing spend in Australia and New Zealand in a bid to boost market. MasterCard's Leigh Clapham told Reuters, "We feel that our time has come. We are increasing our marketing funding by 50 percent across Australia and New Zealand and we will maintain that level for the next three years." read more

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

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