Trying to find a bank branch near me is getting harder and harder. Bank branches are closing down fast. Bank owned ATMs are also closing. (Full list of suburbs and towns that are losing their big-bank branches is below). You can be forgiven for thinking we are we being herded into a cashless society because Australia lost 643 bank branches
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“So much winning, you’ll get tired of winning,” promised Donald Trump to his adoring supporters. The truth of his presidency may not have been quite as much winning as promised but the real truth he was speaking was clear. So clear, it seems kind of dumb to say it out loud: We live in a hyper-competitive world where ‘winning’ is
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USA based FIS issued a report predicting Australia would be largely cashless by 2024. FIS specialise in merchant payment solutions and supporting and securing cashless transactions. The FIS findings are not supported by real world data or readily available market information, for example: Last month, the Reserve Bank of Australia reported that, while cash’s share of payments has fallen, cash
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For many years, I had been unable to lose weight without putting it back on quickly. Despite the diets and the punishing exercise regimes I was consistently over my healthy Body Mass Index and not liking myself because of it. Being heavier than I wanted to be meant I was secretly calling myself fat. I was criticising myself, even when
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Multiple bank ‘outages’ leave consumers stranded. Regular outages from big bank systems are leaving consumers and retailers stranded. Commonwealth Bank’s Netbank is reported to be OUT today (1 March 2021) leaving MILLIONS of Aussies without online access to account statements, online bill payments, online transfers and balances. ANZ Bank Mobile and Internet Banking systems were the subject of up to
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From 1 April 2020, the Morrison government is raising the base rate of JobSeeker by $50 but axing the Coronavirus Supplement of $150. That means a NET result of $100 less in your pocket. What will JobSeeker pay from 1 April? For single parents on JobSeeker, the current full JobSeeker base rate is currently $762. From 1 April, the parenting
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Everyone needs a way to get through the five day working week with mental and physical health intact. I’ve been a little inspired by a ABC TV News story about a group of “oddballs” in Perth who have found a way to do it. I wouldn’t call them serious swimmers but they have worked out the value of jumping in
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The Morrison government’s ‘cash ban’ on transactions over $10,000 is dead. And so is the general view from much of the media commentariat that cash’s days are numbered. Below is an interview with Martin North from Digital Finance Analytics on the importance of cash. Protecting cash is not about protecting the black market. Criminals have moved online already and banks
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How many Australia Day gatherings and events have you attended that whitewash the history and significance of the day in favour of a beer and a laugh? How many things have I attended where we wave the Aussie flag and avoid talking about the significance of the day itself? Sure we laugh and joke and lots of people get drunk,
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Eftpos, bank and credit union ‘outages’ are leaving people stranded. Consumers and retailers simply cannot rely on eftpos systems to work. Some people are loading up trolleys of food and essentials only to find their cards are not working or shop eftpos systems are ‘down.’ Recent Eftpos system outages have affected: At least 10,000 retailers using Tyro eftpos terminals, leaving
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