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Posted by admin in Banks, Money on 03 21st, 2010 | Comments Off
UBank goes mobile...
NAB online banking offshoot UBank plans to offer its first mobile banking service later this year even though it has not yet recouped what the bank invested in getting its online savings account up and running. Earlier this week NAB’s revised earnings breakdown gave some clues as to the extent... 
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Posted by admin in Credit Card News, Money on 03 19th, 2010 | Comments Off
Majority can’t understand credit c...
In a recent study by the Communications Research Institute, just 14 per cent of participants could decipher a credit card statement and work out how to avoid paying interest on purchases. Only 29 per cent could find and explain interest that had been charged on the purchases listed on the statements.... 
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Posted by admin in Credit Card News, Money on 03 18th, 2010 | Comments Off
Crackdown on excessive credit card fees...
EXCESSIVE fees for credit card purchases could be abolished in the wake of an inquiry into exorbitant surcharges. The charges are often applied by corporations with market dominance, such as airlines and taxi firms. They were allowed to be introduced by the Reserve Bank in 2003 in an effort... 
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Posted by admin in Credit Card News, Credit Card Tips, Money on 03 18th, 2010 | Comments Off
Credit cards – make the plastic wo...
Despite the dangers of the credit card trap, there are some simple rules that can help consumers make the plastic work for them. Finance commentator Paul Clitheroe said choosing the right card was key. ” Go to the free websites such as Canstar & InfoChoice  or Best Credit Card Offers where... 
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Posted by admin in Banks, Credit Card News, Money on 03 16th, 2010 | Comments Off
Slow growth outlook for credit card mark...
Credit card issuers should get used to slow growth in their businesses, according to industry participants speaking at yesterday’s Cards & Payments conference in Sydney.Speakers agreed that the days of double digit growth in card spend were not likely to return soon. Figures released by the Reserve... 
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Posted by admin in Banks, Credit Card News, Money on 03 15th, 2010 | Comments Off
RBA open on credit card fee crackdown...
*  RBA watching credit card fees * Prefers competition to regulation * Interchange fees “still too high” THE Reserve Bank says it is a “reluctant regulator” of credit cards while leaving the door open to force providers to reduce interchange fees. In a speech on Monday RBA Assistant... 
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Posted by admin in Banks, Money on 03 12th, 2010 | Comments Off
Dollar above US91c...
THE dollar was slightly higher at noon as it traded in a tight range in the wake of the release of steady employment figures yesterday. At 12pm (AEDT), the dollar was $US0.9155/57, up 0.25 per cent from Thursday’s close of $US0.9139/44. Since 7am (AEDT), the local unit has traded between... 
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Posted by admin in Credit Card News, Money on 03 12th, 2010 | Comments Off
Credit card transactions down by 22%...
THE total value of credit card and charge card transactions, including advances, fell by 22 per cent in January, Reserve Bank figures released today show. Australians spent $17.1 billion on their credit and charge cards, compared to $22 billion in December. While transactions typically decline... 
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Posted by admin in Money on 03 10th, 2010 | Comments Off
Where our spending money went in 2009...
AUSTRALIANS are hitting gyms, golf courses and sports courts in record numbers to sweat off the financial crisis. Others have invested in boats, bikes, caravans and fishing and camping as lavish holidays and hotels were ditched for down-to-earth pursuits.  The obsession with health flowed on to... 
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