Annual growth was the weakest since March 2012.
Commonwealth Bank launches Kounta on Albert POS app.
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eftpos is attempting to a take a new, low-cost approach to secure online and mobile digital payments through a new trial in partnership with two banks and a large retailer.
Australian consumers are forecast to spend more than $7.9 billion on Christmas gifts alone this year, an increase of $100 million on 2012, according to new research from Commonwealth Bank.
UnionPay has launched an initiative to help Australian retailers reach Chinese consumers visiting the country.
It appears retail may finally be looking up with consumer spirits lifting in October, according to the latest Commonwealth Bank Business Sales Indicator.
Economy-wide spending in September fell for the first time in 13 months, according to the latest Commonwealth Bank Business Sales Indicator.
In addition to enhancing the CommBank app, Commonwealth Bank has also announced two new NFC payment solutions to enable customers to make contactless payments through their smartphone.
Commonwealth Bank has launched Support Community as its first online support forum.
Consumer spending is the strongest it has ever been in six years, according to the latest Commonwealth Bank Business Sales Indicator.
David Jones together with Commonwealth Bank has launched an exclusive partnership with the world’s largest card scheme UnionPay, a national Chinese debit and credit card.
Australian consumers continue to think twice when they open their wallets, according to the latest Commonwealth Bank Business Sales Indicator.
Australian consumers and businesses have started 2013 on a positive note with the latest Commonwealth Bank Business Sales Indicator showing economy-wide spending lifted in January.
For the first time in close to 12 months, the retail sector has expanded.
To create a more convenient banking, Commonwealth Bank has launched multiple technology firsts and enhanced the functionalities of its existing technologies.
With less than a month to go before Christmas Day, Australians are expected to spend $475 on average on Christmas gifts, according to research from the Commonwealth Bank of Australia.
Economy-wide spending eased during October by 1.2 per cent in seasonally adjusted terms, according to the Commonwealth Bank Business Sales Indicator.
Their customers will be rewarded with points for using their Commonwealth Bank Awards credit card in-store at Myer.
Economy-wide spending rebounded in September, lifting by 3.9 per cent, according to the latest Commonwealth Bank BSI.
With the aim of "deepening the customer relationship" in mind, Commonwealth Bank, together with IDEO and Wincor Nixdorf, have created and launched Pi.
There are signs that economy spending is on the rise, but it appears that performance growth is still slow, according to the latest Commonwealth Bank Business Sales Indicator.
The latest Commonwealth Bank business sales indictor increased by 0.8 per cent in trend terms in March, following a 9.9 per cent gain in February and 1.0 per cent increase in both January and December.
Mid-market businesses are preparing to expand as confidence surges to a score of 9.3 from -0.3 since September 2011, according to the latest Commonwealth Bank Future Business Index.
Commonwealth Bank's Small Business Forums is making a return to help small businesse suggestions for improving their operations by embracing the digital space.
In a global first, the QkR by MasterCard in-cinema smart ordering service will be piloted by the Commonwealth Bank at a number of Hoyts cinemas for several weeks from January.
According to the latest Commonwealth Bank Business Sales Indicator, consumers continued to increase their appetite for spending in November.
Retail recovery continues to strengthen indicated by more positive results in October from Commonwealth Bank's Business Sales Indicator.
Commonwealth Bank has introduced Everyday Settlement to remove the frustration of businesses who are not able to settle accounts on the same day.
Commonwealth Bank's new iPhone application called Kaching enables users to make real-time peer-to-peer payments and contactless payments at any PayPass terminal using their phones.
CEO Ralph Norris and Ian Narven has appointed Grahame Petersen as group executive business and private banking.
There are no signs of improvement just yet with another fall in June sales figures, according to the latest Commonwealth Bank BSI, which fell by 0.3 per cent.
The latest Commonwealth Bank BSI reported that retail sales slumped 1.4 per cent in April, the biggest fall of all industry sectors recorded.
The BSI, which tracks the value of credit and debit card transactions processed through Commonwealth Bank point-of-sale terminals, rose by 0.5 per cent in trend terms in February, following previous gains in December and January.
Four of the nine service sub-sectors reported that activity expanded in February, up from three in January. This included retail trade, which saw a 20 point growth from 40 in January to 60 points.
The RBA has decided to raise the cash rate by 0.25 per cent to 4.75 per cent just before the Christmas trading period begins.
The two retailers have signed on to offer customers a faster way to pay using their Commonwealth Bank debit or credit PayPass card when paying for items less than $100 without the need to sign or enter a PIN.
Over the last few weeks the Australian dollar has been steadily increasing following the country's recovery of the global financial crisis.
The BSI, which tracks the value of credit and debit card transactions processed through Commonwealth Bank point-of-sale terminals, remained unchanged in trend terms.
Australian retail sales were flat over the month of May, according to the latest Commonwealth Bank Business Sales Indicator.
Australian retail sales remained relatively flat over the month of February, according to the latest Commonwealth Bank Business Sales Indicator.