News (18)

  • Contractors upsize ANZ's IT bill

    Australia and New Zealand Banking Group's technology costs rose $16 million over the past year, according to documents released this week, largely due IT contractors hired to upgrade its risk management systems.

  • RBA criticises payments innovation

    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.

  • Reserve Bank tackles PayPal

    The Reserve Bank of Australia today said it would shortly hold meetings with eBay subsidiary PayPal over the online auction giant's attempt to force sellers to offer PayPal as a payment option.

  • Reserve Bank denies eBay review

    The Reserve Bank of Australia (RBA) today said it had not initiated a formal review into auction giant eBay's move to force sellers to offer PayPal as a payment method, despite complaints from a group which claims to be composed of disgruntled sellers.

  • eBay backs down on PayPal mandate

    eBay yesterday withdrew its mandate that customers exclusively use PayPal. The auction site's decision came just weeks before consumer watchdog the ACCC was due to pass judgement on its decision.

More News >

Features and Case Studies (3)

  • Govt cuts ties with Future Fund

    Federal finance minister Lindsay Tanner says the government will beef up the independence of the Future Fund to remove doubt over its ability to make its own decisions, particularly on Telstra.

  • The RBA, ruthlessness and robots

    For the Reserve Bank of Australia, every minute of downtime could potentially cost more than AU$40 million. But even with a business case on that scale, it still took three tries before it got an effective systems management strategy in place.

  • Replacing Telstra

    Competition should drive more affordable products and services unless you're Telstra where "the only way is up" seems to be its motto.

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