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Businesses are under pressure to meet a range of new challenges, such as new compliance requirements; extracting maximum value from IT by shared services and chargeback models.
Technology | February 15th, 2012 | Continue reading »
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The major card companies continue the push for contactless payments technology and expect Australia’s phenomenal take-up of smartphones to provide the catalyst for change, as Angela Faherty reports.
Technology | February 15th, 2012 | Continue reading »
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A survey of bank customers by advisory firm PricewaterhouseCoopers points to an increasing acceptance of mobile banking and an opportunity to charge for services where customers can see value.
Technology | January 17th, 2012 | Continue reading » 
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Global spending on retail banking technology will increase by $3.6 billion in 2012, with the Asia-Pacific region spending a total of US$1.2 billion over the course of the year, according to Ovum.
Technology | January 16th, 2012 | Continue reading »
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National Australia Bank has launched the first of a number of proposed “high-tech” concept stores at its Docklands headquarters in Melbourne.
Technology | January 9th, 2012 | Continue reading »
Americans choke on $1 coin stockpile
The UK newspaper The Telegraph reported recently that a mountain of 1.2 billion dollar coins is sitting unused in US government vaults because the American public is so attached to the traditional dollar bill. The US Mint has been producing vast numbers of the gold-coloured coins after being ordered to do so by Congress in 2005.
American taxpayers could save $500 million (A$524m) a year if they switched from paper dollars, which wear out quickly and must be replaced, to the more durable metal version, according to the US government accountability office.
Yet demand from banks for the coins has been so low that US$1.2 billion worth – which cost US$300 million to manufacture – are sitting in storage, an investigation by National Public Radio found.
According to The Telegraph, opinion polls show that three-quarters of the American public say they would prefer to carry on using the paper dollar bill, affectionately known as the “greenback”, which celebrates its 150th birthday next year.
Comment: AB+F Blog
Two early for reform celebration: The one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act passing into law rolled quietly by last month... [more]
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