Steve Worthington

Steve Worthington

Steve Worthington is an Adjunct Professor at Swinburne University. He was previously Professor of Marketing at Monash University's Department of Marketing from 2002 to 2013, prior to which he worked at several universities in the United Kingdom and in executive roles at a UK bank and UK supermarket group. At Monash, Steve taught Strategic Marketing in the MBA program and Relationship Marketing and Marketing Financial Services in the Master of Marketing program.

His research interests are focused on the distribution of financial services, particularly through the channel of payment cards. These topics are of interest to both academics and practitioners. His paper Banking without the Bank, International Journal of Bank Marketing was ranked 12th highest downloaded article in 2012 (was 2nd most downloaded in 2011) and remains the 4th highest in terms of immediacy. This focused on the opportunities and challenges facing new entrants into the financial services market, particularly from brands such as Tesco Bank and Virgin Money. Steve is a member of the Financial Services Institute of Australasia and of the Academic Standards Board of the International Academy of Retail Banking. He is also an associate of the Australian Centre for Financial Studies (ACFS) for whom he wrote a paper entitled, Regulatory Interventions and their Consequences in the Australian Payment Card System, which was published in October 2013.

The ATM celebrates 50 years but we're using it less

Jun 27, 2017 03:04 am UTC| Insights & Views Technology

As the Automatic Teller Machine (ATM) celebrates its 50th birthday, its actually being used less and less to withdraw cash in Australia. There are currently more than 32,000 ATMs across Australia and cash withdrawals in...

Apple Pay may have won the battle but it may not win the war

Apr 06, 2017 07:33 am UTC| Insights & Views Law Technology

The Australian Competition and Consumer Commissions (ACCC) decision to deny some of Australias major banks the ability to collectively bargain with Apple and boycott Apple Pay, might have opened a whole new door for...

Apple Pay dispute may mean less opportunity to pay with your mobile

Oct 19, 2016 07:05 am UTC| Technology Life

As people increasingly reach for their phone to pay for goods in Australia, existing players in the contactless payment industry are trying to seek competitive advantage. Four of Australias leading banks are trying to...

Australian small businesses could be stretched by changes to commercial credit cards

Sep 02, 2016 06:41 am UTC| Insights & Views Business Central Banks

Small to medium enterprises (SME) are increasingly relying on commercial credit cards to finance their operations, because payment terms for the businesses they supply are stretching out. But if the Reserve Bank of...

Mobile payments and tap and go might not mean the end for tellers

Aug 03, 2016 06:03 am UTC| Insights & Views Technology

Consumers are drawing out less cash and using other methods to pay for things such as contactless payments, but this doesnt necessarily signal the end of bank tellers or their automated counterparts. There is...

Apple Pay no sure thing in mobile payments race

May 02, 2016 01:19 am UTC| Insights & Views Technology

When tech giant Apple announced its second quarter earnings of A$14 billion last week, it gave a limited glimpse into its mobile payments service Apple Pay. The service is gaining one million users per week, but not...

Negative Rates Series

Negative interest rates – are there any positives?

Mar 28, 2016 01:27 am UTC| Insights & Views Central Banks

Some say that economics is the dismal science and perhaps this is because many economic theories do not seem to work in practice. One contemporary example is negative interest rates, where instead of interest being added...

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Bank Negara Malaysia likely to adopt two rate hikes of 25 bps each in 2018, says ANZ Research

Bank Negara Malaysia (BNM) is expected to adopt two rate hikes of 25 basis points each in 20108, with the first one in January 2018, according to a recent report from ANZ Research. The downside surprise to October...

UK gilts decline in muted trading session, reverse gains post Q3 GDP data

The UK gilts declined on the last trading day of the week amid a silent session that witnessed least data of any major economic significance, reversing all gains seen after the release of the third-quarter gross domestic...

German bunds slump after Ifo business climate index beats expectations in November

The German bunds slumped Friday after the countrys business climate index released by Ifo hit a new record-high during the month of November, also surpassing what markets had initially anticipated. The German 10-year...

Euro likely to extend further gains in 2018, says Canadian Imperial Bank

The common currency is expected to extend further gains going into 2018, according to a recent report from the Canadian Imperial Bank. On track to cut back asset purchases later this month, the ECB is now on the precipice...

New Zealand bonds close higher after imports hit record high in October, trade deficit widens

New Zealand government bonds closed higher on Friday after the countrys imports hit a record high in October. Also, rising expectations that the Reserve Bank of New Zealand is set to keep interest rates at record lows for...


Brexit: why Macron has more room to manoeuvre than May and Merkel

Despite the valiant efforts of both the EU and the UK to uphold confidence in the Brexit negotiations process, its clear the talks have been deeply unsatisfactory for both sides. Fundamental conflicts of interest and...

Why PR agencies and their spin should be the subject of greater scrutiny

It was one of the biggest and best-known British PR agencies around. So when Bell Pottinger came crashing down earlier this year, you could be forgiven for wondering why it hadnt prepared a better crisis strategy to deal...

Catalonia crisis: Spain enters unchartered territory following Madrid move to end autonomy

Shortly after Catalonias parliament in Barcelona voted to declare independence from Spain on October 27, the senate in Madrid voted to trigger Article 155 of the Spanish constitution, removing Catalonias autonomy. In...

China's ambition burns bright - with Xi Jinping firmly in charge

The most important political event of 2017, the 19th Chinese Communist Party Congress, has concluded. And while there was much to digest, one image above all stands out: Xi Jinpings political dominance and his burning...

Kuwait's economic interest in mediating the Qatar-Gulf crisis

A blockade against Qatar by its Gulf neighbours is now in its fifth month. Saudi Arabia, Bahrain, Egypt and the United Arab Emirates severed socio-economic ties with Qatar as punishment for its alleged support of terrorism...


Drug Addiction Could Be Cured With Gene Therapy

The opioid addiction crisis gripping the U.S. is currently one of the biggest health issues plaguing the country. In many cases, opioid addicts turn to using heroin or methamphetamine in order to get high. In what could...

Cancer Patient Injected With Vaccine For The First Time

Cancer is one of the last remaining major illnesses that still does not have a vaccine, but human trials have finally begun to change all this. Moderna Therapeutics just injected a patient with a cancer vaccine for the...

New Zealand’s Plan To Weaponize CRISPR To Annihilate Pests Sparks Debate In Scientific Community

Its always the same story. Governments want to use science as a weapon of mass destruction, certain members of the scientific community speak up about the potential consequences, and the debates ensue. In the case of New...

Scientists Achieved Real-Time Gene Editing In Live Human Subject For The First Time

Gene editing is considered by many as the future of medicine. The potential uses attributed to the field range from curing all kinds of diseases to making humans practically invulnerable. For the first time, scientists...

Scientist Proves Brain Implant Can Improve Memory By 30%

These days, one of the hottest topics in the tech and medical industries is the matter of cybernetics or merging man with machine. A scientist has recently advanced this field by demonstrating how a brain implant can...


JPMorgan CEO Calls Bitcoin ‘Stupid’, Offers Bitcoin Trading Anyway

The CEO Of JPMorgan, Jamie Dimon has been quite vocal in his criticism of cryptocurrencies like Bitcoin. In fact, he has been known to threaten to fire employees who traded in cryptocurrency and called the market stupid....

Russia Finally Acknowledges Radiation Clouds Over Europe But Denies Responsibility

For months now, European monitoring agencies have been detecting radioactive clouds over several EU countries. These agencies have been speculating that these clouds may be coming from Russia. However, not only did Russia...

$35,000 Off-Road EV Has 555 Horsepower And More Torque Than A Tank

While Tesla might be the reigning king of both sports and sedan electric vehicles, its cars are not exactly suited to off-road driving. This is where the Nikola Powersports Nikola Zero UTV (Utility Task Vehicle) could make...

Hawaii Joins In Condemning EA And Loot Boxes, Wants To Block Battlefront II Sales

At this point, its safe to say that loot boxes and microtransactions are incredibly unpopular features in games with anyone except the publishers. Everyone from the gamers to developers, and now, even politicians hate the...

Valve To Make Steam ‘Review Bombing’ Toothless With New Changes

Reviews are meant to inform customers, which is why Valve opted to allow users on its digital distribution platform Steam to leave them on games and other products. However, it would seem that some people have found a way...
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November 24 15:30 UTC Released

USECRI Weekly Index*


145.6 %



145.6 %

November 24 14:45 UTC Released

US1st Half-Mth Infl YY*


54.6 %



54.6 %

November 27 09:00 UTC 29692969m

ITExport Prices*




111 %

November 27 09:00 UTC 29692969m

ITImport Prices*




116.1 %

November 27 14:00 UTC 32693269m

MXTrade Balance, $*




-1.886 Bln USD

November 27 14:00 UTC 32693269m

MXTrade Balance SA*




-1.559 Bln USD

November 27 15:30 UTC 33593359m

USDallas Fed mfg bus index





November 27 21:00 UTC 36893689m

KRBOK Manufacturing BSI*




87 Bln BRL

November 28 00:00 UTC 38693869m

BRCentral Govt Balance




-22.725 Bln BRL

November 28 07:00 UTC 42894289m

DEGDP Growth QQ* Advance




10.7 %


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