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2006

Bank Cards News

Hold Line On Credit Standards, Banks Told

Friday September 29, 2006
THE Reserve Bank has issued a strong warning that the banks should not relax their lending standards in the face of increasing competitive pressure and declining margins.

Cba Lags Field In Happy Customer Poll

Friday September 29, 2006
NEW figures from Roy Morgan show the customer satisfaction gap widening between a lagging Commonwealth Bank and its peers, and analysts warn the situation will continue to hurt the bank's market share.

Cba Lags In Customer Satisfaction

Friday September 29, 2006
FIGURES from pollster Roy Morgan show the customer satisfaction gap widening between a lagging Commonwealth Bank and its peers, and analysts warn the situation will continue to reduce the bank's market share.

Card Error Punches $34m Hole In Westpac

Saturday September 16, 2006
WESTPAC Bank has admitted a systematic error in how it calculated interest income from credit cards. The error will blow a $34 million hole in second-half profit.

Westpac Admits To $34m Error In Books

Saturday September 16, 2006
WESTPAC Bank has confessed to a systematic error in the way it calculated interest income from credit cards that will blow a $34 million hole in second-half profits.

Rba Imposes Eftpos Cap

Thursday September 14, 2006
THE Reserve Bank has capped the fees paid between banks when customers use Eftpos cards.

Afghan Bank Takes A Gamble On Success

Wednesday September 13, 2006
Life's a bit of a lottery for some depositors in the strife-torn country, writes Eric Ellis.

Interest On Mortgages, Debt Take Lion's Share Of Income

Tuesday September 12, 2006
INTEREST bills are costing Australians a record share of their income, according to Reserve Bank figures.