Apple’s basic game plan this time is to get in ahead of the banks and regulators by using the iPhone’s tap-payments acceptance capability to open the market.
Lawmakers have urged business owners across regional Australia to respond to a new Senate inquiry on bank branch closures, after the demise of Westpac in the South Australian town of Coober Pedy removed the only bank branch for hundreds of kilometres.
If you’ve got money in the bank, you’re now lucky to earn anything at all. One in seven of the deposit dollars held by the Commonwealth bank (Australia’s biggest for deposits) is in a “transaction account” on which it no longer pays interest.
