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It’s World Micro, Small and Medium Sized Enterprises Day today, which highlights the importance of the Australian small business sector as the engine of the country’s economy.
“…we anticipate seeing branches as a part of Australia’s banking system for a very long time. It’s not about closing all branches, but we do expect from time to time, there will be some branches closing as more and more Australians choose to bank differently.”
The ABA has developed a new Branch Closure Support Protocol to improve transparency, ensure better communication, and provide improved customer support when banks close branches.
With one in six older Australians experiencing some form of abuse, today’s World Elder Abuse Awareness Day is an important reminder to look out for the warning signs.
“There’s no doubt there’s a lot of stress and that’s one of the reasons people are talking to those hardship teams in banks. And I encourage people to do that.”
The Australian Banking Association (ABA) has welcomed the Treasurer’s announcement today of a major overhaul of Australia’s payments system.
“Australia has witnessed a phenomenal shift in customer banking and payment preferences in recent years,” ABA CEO Anna Bligh said.
The RBA continues to address the nation’s inflation challenge with today’s 0.25% increase in the cash rate target, to 4.10%.
Australian banks today launched a new digital platform that will facilitate the quick reporting of fraudulent payments en route or transferred to another bank.
“Speed is the essence when it comes to getting your money back from a scammer. Even if you’re not sure, even if you just suspect something’s not right, ring your bank as fast as you possibly can.”
The nation’s shift to digital banking is gathering pace, with the number of people leaving home without their wallet or cards, relying on their phone or another device instead, doubling in three years. The rapid changes are captured in a new ABA interactive Spend the Day site.
Australia’s financial counselling services will receive a $7.75 million boost following a cross-industry donation.
The Australian Banking Association (ABA) welcomes tonight’s Federal Budget saying it places a significant focus on customer safety.
As scammers grow increasingly sophisticated and scams more complex, this year’s World Password Day is an important reminder to always stay vigilant against online criminals, the Australian Banking Association (ABA) says.
The RBA continues to address the nation’s inflation challenge with today’s 0.25% increase.
“The online gambling credit card ban will go a long way to help people experiencing gambling harm to keep control of their finances.”
“Remember the money and funds available to banks, the majority of them are other people’s deposits. So they need to be very careful about how they use that money. I think there’s a real question there about whether your deposits and your bank should be paying out to someone who decided to take a big investment risk”
“Robbers don’t come with a sawn off shotgun anymore. They come through your phone, and banks are putting their resources where their customers are. And that’s in the digital world.”
The Australian Banking Association (ABA) has launched a new campaign designed to raise awareness of a series of scam scenarios and steps that should be taken in the fight against scams.
“if somebody comes to them in financial difficulty, they can help them set up one of these vetoes. It’s not a difficult thing to do”