Australian payments clearing system overhaul to cost AU$1bThe rollout and operation of Australia's next-generation real-time central financial payments clearing ecosystem could cost the local financial services industry in excess of AU$1 billion over a 12-year period, according to Australian Payments Clearing Association chief Chris Hamilton.December 1, 2014 by Leon Spencer in Finance
Coles launches mobile walletColes has launched its own mobile wallet, integrating an NFC contactless payment sticker, smartphone app for iPhone and Android, its existing Coles MasterCard credit card program, and its Flybuys loyalty card program.July 14, 2014 by Leon Spencer in Finance
Report calls for Australian financial innovation committeeThe final report by an inquiry into Australia's financial system has called for the formation of a public-private collaborative innovation committee, with the aim of helping the local industry keep pace with emerging technology in the sector.December 7, 2014 by Leon Spencer in Finance
Westpac Live hits 2.7 million people in digital services driveWestpac's new mobile and online platform Westpac Live has been rolled out to more than 2.7 million customers, with the bank employing new digital platforms to back its ongoing customer-centric strategy.November 2, 2014 by Leon Spencer in Finance
HP secures Bank of Queensland IT contractBank of Queensland has again chosen HP to take care of its IT services, inking a five-year contract that the bank expects will underpin its strategic transformation agenda.October 8, 2014 by Leon Spencer in Finance
NAB increases half yearly infrastructure spend by $80mNational Australia Bank today reported AU$3.15 billion in cash earnings for the six months ending March 2014 and announced it had increased its infrastructure spending by $80 million for the half year compared to the same period last year.May 7, 2014 by Leon Spencer in Finance
Telstra inks five-year data network deal with WestpacTelstra has signed a five-year deal to provide Westpac’s domestic data network, primary internet access, outbound voice and Pacific Bank telecommunications services.May 7, 2014 by Leon Spencer in Finance
Westpac joins CBA in cardless ATM withdrawal stakesWestpac is joining Commonwealth Bank Australia in offering customers the option of withdrawing cash without a card from its national network of ATM machines.April 30, 2014 by Leon Spencer in Finance
Regulatory changes absorbing IT innovation spend: CEO surveyThe costs involved in adhering to regulatory changes in Australia's financial services sector are making it hard for companies to invest in technology innovation, according to findings in the latest FSC-DST CEO Survey Report.July 30, 2014 by Leon Spencer in Finance
ANZ to roll out tap and PIN ATM in 2015ANZ Bank is planning to roll out what it calls a 'world first' EMV secure 'tap and PIN' ATM next year, along with a new ANZ FastPay card reader, and a mobile wallet platform.November 4, 2014 by Leon Spencer in Finance