Posts Tagged bank account switching
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Switch hitters
Australia has not seen the level of switch marketing from banks wanting to grow their current account portfolio that has been seen in other western countries. BY ELTON CANE Leading up to the introduction of the Federal Government's bank switching package in November 2008 Treasurer Wayne Swan ...
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Competition will return in 2010. Will the major banks be ready for it?
Banks should innovate rather than hibernate in a crisis said ANZ head of online banking Sam Plowman back in March. Plowman has since moved on to a new role heading up the direct channel at NAB, the other of the aptly named ‘two stumps’. Australia’s banks have so far performed well in the...
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RBA closely watching project M@MBO
Reserve Bank head of payments policy Michele Bullock has told Online Banking Review the bank is “watching closely” the M@MBO project currently being considered by banking members of bill payments scheme BPAY.The proposal would see individuals register for their own BPAY code which could be used ...
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BPAY’s top-secret MAMBO project
Australian financial institutions are considering a radical initiative that could see BPAY codes trump bank account numbers.Codenamed MAMBO (Me and My Bank Online), the top-secret BPAY proposal could deliver the bank account portability that Treasurer Wayne Swan so desperately wants Australian consu...
