The Reserve Bank of Australia says it’s committed to ensuring cash remains available to all but a recent suggestion from the ...
Just 13 per cent of transactions are now being done in cash and Linfox Armaguard, Australia's biggest cash delivery company, fears it may be unprofitable to continue transporting banknotes beyond ...
"Customers like the banks and retailers have had a direct impact on that through their unsustainable contracts with Armaguard." The Australian company is estimated to employ roughly 1,400 people, who ...
Armaguard’s woes last year highlighted the strain on the cash distribution system.Credit: Aresna Villanueva But the response has been much less positive from the Australian Retail Association ...
Armaguard, which supported the supply chain laws when they were introduced, did not return repeated requests for comment. The Australian Banking Association declined to comment. Linfox board ...
Major banks have sent mobile banking units powered by their own diesel generators to Brisbane, after Armaguard halted cash ...
Keeping Armaguard in business looks like being a supremely costly exercise for the major banks and the other ‘funding parties’ that bailed the firm out nine months ago.
No federal or state police are stationed at Avalon Airport, as the capture of a teen who allegedly brought a shotgun on-board ...
In a letter to customers, CBA CEO Matt Comyn reaffirmed the bank's commitment to hard currency despite the rising use of digital payments.