Australia's central bank has criticised the nation's four largest commercial banks for shirking on investments in payment systems technology, resulting in a lack of innovation and neglect of systems like EFTPOS.
Commonwealth Bank management have heralded AU$64 million in IT savings as a major contributor to the company's strong first half financial results.
The Commonwealth Bank of Australia (CBA) has racked up a $2 billion half-year net profit but its customer service still isn't up to scratch.
MasterCard Worldwide is joining with the Commonwealth Bank -- and playing on Australians' love of their mobile phones -- to launch its PayPass cashless payment system down under.
The Commonwealth Bank suffered a systems fault on its phone-banking service this morning, leaving customers unable to check home loans and credit card balances for about three hours.
Most of Australia's major banks are just beginning massive IT projects which will see them refresh their core banking systems. But as HSBC's Australian CIO Brenton Hush tells ZDNet.com.au, the global bank's local operation is already ahead.
The Commonwealth Bank stands alone as the only top tier bank in Australia with its sights on biometrics as a means to improve security for its customers -- but critics say the technology is still too young.
Sceptical that Australians are targeted by cybercrime? Late last year the Australian Computer Emergency Response Team (AusCERT) was asked to repatriate hundreds of Commonwealth Bank customer credentials which had been stolen via the ZeuS trojan.
The CP-300 is an ideal choice for users who want to make instant 4R prints of their digital captures on the road.
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