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RediATM
The rediATM network was an Australian ATM network originally operated and owned by Cuscal. On 14 August 2019, Cuscal sold the network to the Armaguard who subsequently closed the network by merging with its atmx network. History * 1982 – RediTeller ATM network launched to support Australian credit unions * 2008 – Cuscal and its partners began rebranding RediTeller ATMs to rediATM * 2009 – National Australia Bank joins the rediATM network, combining NAB's network of 1,700 ATMs with Cuscal's network of 1,400 ATMsPress release, 15 July 2009Expanded rediATM network/ref> * 2010 – Bank of Queensland joins the rediATM network * 2017 – Suncorp joins rediATM network * 2018 – National Australia Bank announces it will discontinue using the rediATM network from 1 January 2019 *2019 – Armaguard finalises Cuscal rediATM Scheme acquisition on 14 August 2019 *2021 – Network was closed and merged with atmx Partnered financial institutions (before network closure) After a larg ...
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Armaguard
Armaguard is an Australian cash handling company. Founded in 1938 by Mayne Nickless, it is a subsidiary of Linfox. History Armaguard was founded in September 1938 as the Mayne Nickless Armoured Car Division when Mayne Nickless established an armoured car division in Melbourne. During the 1940s operations began in Sydney, Brisbane, Adelaide and Geelong, followed in the 1950s by Broken Hill, Wollongong and Morwell, Hobart and Launceston, then in the 1960s, Canberra, Townsville and Perth. In 1973 the Mayne Nickless Armoured Car Division was rebranded as Armaguard.Timeline
Armaguard
In October 1987 the armoured car division of was purcha ...
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Bank Of Queensland
The Bank of Queensland (BOQ), formerly known as the Brisbane Permanent Benefit Building and Investment Society (BPBBIS) between 1874–1970, is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions in Queensland, having begun as a building society. It now has 111 owner-managed branches throughout Australia, including thirty-six corporate branches and third-party intermediaries. They also have over 2,300 ATMs. The bank also owns Virgin Money Australia and ME Bank. In 2021, customer satisfaction with BOQ was rated at 82.9% by Roy Morgan. In 2007 customer satisfaction levels were placed at 88%. The bank does not currently have any board directors who are based in Queensland. History A Bank of Queensland was established in 1863. It collapsed in 1866 closing its doors in the severe financial depression known as the Panic of 1866. Another bank took the same name in 1917 but disappeared into the National Bank i ...
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Banking In Australia
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank. There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, and a large number of other financial institutions, such as credit unions, building societies and mutual banks, which provide limited banking-type services and are described as authorised deposit-taking institutions (ADIs). Many large foreign banks have a presence, but few have a retail banking presence. The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Financial Claims Scheme guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing. Banks require a bank licence under the ''Banking Act 1959''. Foreign banks require a licence to operate through a branch in Australia, as do Australian-incorporated foreign bank subsidiaries. Complying ...
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Automated Teller Machine
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of other names, including automatic teller machines (ATMs) in the United States (sometimes RAS syndrome, redundantly as "ATM machine"). In Canada, the term automated banking machine (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM. In British English, the terms cashpoint, cash machine and hole in the wall are also used. ATMs that are Independent ATM deployer, not operated by a financial institution are known as "White-label ABMs, white-label" ATMs. Using an ATM, customers can access their bank deposit or credit accounts in order to make ...
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Cuscal
Cuscal Limited is an Australian company that provides payments and data to Australian Banks, credit unions, mutual savings banks, corporates and Fintechs. Cuscal is regulated by the Australian Prudential Regulation Authority (APRA) as an Australian authorised deposit-taking institution (ADI), and by the Australian Securities & Investments Commission (ASIC). It is a member of EFTPOS Payments Australia and the Australian Payments Clearing Association. History Cuscal was established in 1992 as the ''Credit Union Services Corporation Limited'' and became Credit Union Services Corporation (Australia) Limited before changing its name to Cuscal Limited in December 2005. Cuscal replaced the state based credit union bodies, which had been in operation since 1956. Cuscal was incorporated as a Special Service Provider (SSP) under the financial institutions scheme. In 1994, Cuscal released the Credit Union Code of Practice. Until the Credit Union Industry Association (CUIA) and the Austr ...
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National Australia Bank
National Australia Bank Limited (abbreviated NAB, branded and stylised as nab) is one of the four largest Banking in Australia, financial institutions in Australia (colloquially referred to as "Big Four (banking), The Big Four") in terms of market capitalisation, earnings and customers. NAB was ranked the world's 21st-largest bank measured by market capitalisation and 52nd-List of largest banks, largest bank in the world as measured by total assets in 2019. , NAB operated 3,500 Bank@Post locations—including 7,000+ ATMs across Australia, New Zealand, and Asia—and served 9 million customers. NAB has an "AA−" long-term issuer rating by Standard & Poor's. History 1982–1999 National Australia Bank was formed as National Commercial Banking Corporation of Australia Limited in 1982 by the merger of National Bank of Australia, National Bank of Australasia and the Commercial Banking Company of Sydney. The resulting company was subsequently renamed National Australia Bank Limite ...
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Suncorp
Suncorp Group Limited, known simply as Suncorp, is an Australian finance, insurance and banking corporation based in Brisbane, Queensland, Australia. It was formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC), and is one of Australia's mid-sized banks (by combined lending and deposits) and its largest general insurance group. History State Government Insurance Office Queensland established the State Accident Insurance Office in 1916, to provide mandatory injury compensation insurance to workers in the state's business sector. New legislation soon after created a larger insurance body, the State Government Insurance Office (SGIO) which took over the State Accident Insurance Office. General insurance, third party and life products were added. SGIO later expanded into building society operations, superannuation, and finance. In 1960, new legislation established the SGIO as a separate corporation, and the gr ...
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ME Bank
ME Bank, also known as ME, is an Australian direct bank based in Melbourne. It became a subsidiary of Bank of Queensland in July 2021. Founded in 1994 as Super Member Home Loans (SMHL) by Australia's industry superannuation funds, SMHL became Members Equity Bank in 1999, and received a banking licence from the Australian Prudential Regulatory Authority (APRA) in July 2001 and was approved by APRA to act as an authorised deposit-taking institution, authorised to accept deposits from the public. Initially founded to offer access to home loan products, ME Bank today offers a range of low-cost banking products including home loans, savings accounts, credit cards, term deposits, and transaction accounts. History Industry Funds Services (IFS) was founded in 1994 by a group of industry super funds. Also in 1994, Super Member Home Loans (SMHL) was launched by the ACTU in partnership with National Mutual (later to become Axa). The primary focus of SMHL was on providing home loans t ...
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Police Bank
Police Bank Limited is an Australian member-owned Mutual savings bank, mutual bank. Founded as NSW Police Credit Union (PCU) on 24 October 1964 by a group of officers from the Clarence Street Police Station in Sydney, its members passed a resolution to enable "Police Credit Union" to become "Police Bank Ltd." on 3 December 2012. Membership with Police Bank is open to employees and their relatives, as well as friends of the NSW Police Force, Australian Federal Police, Emergency Management Australia, Corrective Services NSW, Australian Courts, or any other area of law enforcement and associated services. Police Bank also offers membership to employees of the Australian Customs and Border Protection Service as well as Australian Quarantine and Inspection Service under their "Customs Bank" subsidiary. Police Bank is a member of The Customer Owned Banking Association, the industry body representing the Australian mutual and cooperative banking sector. Police Bank is a member-owned ...
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Royal Automobile Club Of Queensland
The Royal Automobile Club of Queensland Limited (RACQ) is a mutual organisation and Queensland's largest club (by membership), providing services including roadside assistance, insurance, banking and travel to its approximately 1.7 million members. RACQ is the largest provider of car insurance in Queensland and the second largest provider of home insurance. The club's bimonthly magazine, '' The Road Ahead'', is Queensland's highest circulating magazine, with 836,995 printed copies and 410,584 digital copies distributed each edition. An earlier journal of the RACQ was the long-running ''Steering Wheel'' (1915–1932) which profiled makes of cars and motoring personalities, and carried anecdotes of pioneering days, humorous stories, social gossip, as well as supplementary lists of Registrations. In financial year 2020, the Club returned $167.1 million to members including $8.6 million in fuel discounts and $5.6 million in theme park, attraction and movie ticket discounts. RAC ...
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