The Australian Competition and Consumer Commission (ACCC) has provided interim authorisation for a $50 million bailout of transporter Armaguard from the country’s biggest banks and retailers. The ACCC approved the bailout on Wednesday. The agreement, funded by the Commonwealth, Westpac, NAB and ANZ banks, along with Coles, Woolworths, Wesfarmers and Australia Post, means Armaguard will … Read more
Westpac customers can now use their Altitude Points for credit card purchases, in a first for Australian banking. The bank’s new pay with points program allows customers to use their points as money when paying with their Mastercard, without needing to go through the normal redemption process. Customers can now see their points on the … Read more
Westpac has been slammed by the finance worker’s union for cutting more than 100 jobs and reportedly outsourcing nearly half overseas. The Finance Sector Union (FSU) said Westpac had advised them on Thursday that 62 roles were being axed from Westpac’s risk division unit, and another 50 operations roles would be sent offshore. It said … Read more
Westpac customers will have more bank branches available for cash transactions as part of a new plan to support customer accessibility. The company said customers can visit any Westpac, St George, BankSA or Bank of Melbourne branch across Australia for their cash transactions, with new technology now connecting the branch network. “This completes a major … Read more
