Category Archives: banks

Single Parent Family Home Guarantee ignores the real housing problem

On Tuesday the 11th of May, the treasurer Josh Frydenberg will announce the budget and a new program to help separated and divorced parents buy a home called the Single Parent Family Home Guarantee. Singlemum.com.au got the details of the package early. The Single Parent Family Home Guarantee will support up to 10,000 divorced / separated parents (who have care of dependent

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Payment system ‘outages’ kill cashless economy myth

Osko, CBA failures just the latest to leave customers stranded. Today, reported problems with ‘Osko’ payments between banks facilitated by the New Payments Platform are leaving bank customers stranded and angry. Customers of all banks have reported the failure of the “Osko” real time transfer system to their banks overnight on the 27 April and the morning of 28 April

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Carry cash or risk going hungry.

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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We need ATMs for access to cash

More than seven thousand ATMs have been removed from communities throughout Australia in the last three years. The big banks are reducing their ATM network and branch network footprints and our access to cash along with it. More than two thousand ATMs have disappeared in the last three months according to the Australian Payments Network. 175 bank branches have also

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