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Industry at a Glance 26-Aug-14

27 August 2014

Australian News


Google Wallet not coming to Australia
Source: The Sydney Morning Herald Business Headlines
Date Published: 21/08/2014

Google has no plans to take on the nation's big banks in payments by launching its "digital wallet" in the domestic market, says Australian managing director Maile Carnegie.

Why electronic banking transactions can take so much time
Source: Sydney Morning Herald
Date Published: 22/08/2014

You send some money via electronic banking and the transaction apparently goes into limbo – overseas payments can be especially slow, reaching intended recipients after up to five business days, which can effectively mean a week. The lag prompts

St George to introduce fingerprint banking
Source: The Age National Headlines
Date Published: 22/08/2014

St George Bank is leading the world with a plan to let customers use the iPhone 5S's fingerprint security scanner to access mobile banking.

Crown Casino exploits loophole to create secret bank for high rollers
Source: The Age National Headlines
Date Published: 24/08/2014

Crown Casino has been operating as a secret bank for some of the country's biggest gamblers, exploiting a legal loophole to lend tens of millions of dollars in chips despite a government ban on offering credit to locals.

Westpac tops business satisfaction survey
Source: The Age National Headlines
Date Published: 25/08/2014

Westpac has beaten its three main rivals in a survey of business customer satisfaction.

Tax crackdown on cash economy
Source: The Sydney Morning Herald News Headlines
Date Published: 25/08/2014

Tens of thousands of businesses to come under scrutiny in search for missing billions.

Bank customers happy, now they're appy
Source: The Sydney Morning Herald Business Headlines
Date Published: 26/08/2014

Over the past five years billions of dollars have been spent by Australia's big four banks on IT - ostensibly as a way of getting an edge on improving customer satisfaction.

Current Issues


Online eftpos payments could replace credit cards
Source: New Zealand Herald - Business
Date Published: 19/08/2014

Online spending in New Zealand is expected to reach $4.15 billion by the end of this year, and payment solutions business Paymark is looking to make this easier with online EFTPOS payments.The company has developed a secure system

Westpac NZ selects IBM to support transformation
Source: Scoop NZ - Business
Date Published: 21/08/2014

Westpac NZ selects IBM to support transformation to NZ's leading digital bank IBM Private Modular Cloud will support the bank's digital transformation

Visa helps to catch thieves at pumps
Source: New Zealand Herald - Technology & Science
Date Published: 21/08/2014

Gas stations are among the easiest places for crooks to use stolen credit cards. Pumps are usually unattended, so all the thieves have to do is swipe your plastic to fill up their tanks.Now Visa is rolling out software in the US

BNZ app delivers another NZ first
Source: Scoop NZ - Business
Date Published: 25/08/2014

Vodafone and 2degrees customers will find that staying connected is about to become even easier, and most importantly; instant. The latest capability added to BNZ’s award-winning mobile banking app will enable customers to instantly add credit to

Westpac enters exclusive partnership with Moven
Source: Scoop NZ - Business
Date Published: 25/08/2014

Westpac is entering into an exclusive New Zealand partnership with New York based start-up Moven to launch a series of new mobile initiatives over the next two years.

Member Banks


BNZ wins Canstar small business banking award
Source: - Business
Date Published: 21/08/2014

Each year CANSTAR researches the small business banking offerings available from New Zealand financial institutions, in order to identify the financial institution it recognises as offering small businesses the best value.



Digital Currency on the Drawing Board
Source: Scoop NZ - Politics
Date Published: 22/08/2014

Government policies and digital currency ideas and issues will come together at three public workshops next week.

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